Student loans. The bane of many college graduates’ existence, especially these days with the cost of secondary education skyrocketing.
However, if you’re going to be paying student loans anyway, you might as well score some points for free travel in the process, right? Makes the whole thing slightly less painful ;-).
Southwest is teaming with SoFi, an online personal finance company, to help eligible borrowers save on student loans AND get up to 50,000 bonus Southwest points that they can redeem for free flights on Southwest.
If you hold the Southwest Companion Pass, those points are worth DOUBLE, because you can bring someone free with you on EVERY flight for the life of the pass. Learn more about the Southwest Companion Pass, by downloading Go to Travel Gal’s free cheat sheet below:
The Southwest SoFi Details
Through September 18, 2019, new SoFi customers earn 1 Southwest bonus point for every $2 they refinance, up to 50,000 points.
Keep in mind that BONUS points, DO NOT qualify for the 125,000 points you need to earn the Southwest Companion Pass, but you can use them to book FREE FLIGHTS on Southwest (and bring your Companion along free).
Rates start at 3.49% APR with variable loans as low as 2.37%.
To find your interest rate, you can go to the SoFi website and to get a quote just for you. Note: This will result in a “soft” credit pull, which won’t affect your credit score.
SoFi says there are no prepayment penalties or hidden fees.