Northwell Health employees are now able to refinance and consolidate existing student loans thanks to a new partnership with SoFi Student Loan Refinancing. The California-based finance company is offering student loan refinancing options, which include low variable and fixed rates along with terms ranging from five to 20 years.
Employees, their family members and friends are eligible for a $300 welcome bonus when they refinance a minimum of $5,000 in federal or private student loan debt through the SoFi.com/NorthwellHealth link. Parent PLUS loans can also be refinanced. There are no prepayment penalties.
“We are excited to work with SoFi to offer this valuable benefit to our employees,” said Gregg Nevola, vice president and chief rewards officer, human resources, for Northwell Health. “As the need for workers with advanced degrees continues to grow, we are always looking for ways to help our employees manage their education costs. The SoFi program gives them the flexibility to lower their cost and tailor their repayment schedule to meet their needs.”
SoFi is the leader in student loan refinancing and marketplace lending in the United States with more than $19 billion in loans to date. Medical borrowers save an average of $46,086* after refinancing through SoFi over the life of their loans.
“People often face a hard choice between saving for retirement or paying down student debt when the answer is they should and can do both,” said Samir Qureshi, vice president of sales, customer success and operations at SoFi. “Forward-thinking companies like Northwell are thinking about the most meaningful ways to address these stresses and their employees’ overall financial wellness, especially their younger employees.”
Becoming a SoFi member unlocks other benefits, including networking events and a referral program incentive.
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About Northwell Health
Northwell Health is New York State’s largest health care provider and private employer, with 22 hospitals and over 550 outpatient facilities. We care for more than two million people annually in the metro New York area and beyond, thanks to philanthropic support from our communities. Our 62,000 employees – 15,000+ nurses and about 3,900 physicians, including more than 2,800 members of Northwell Health Physician Partners – are working to change health care for the better. We’re making breakthroughs in medicine at the Feinstein Institute. We're training the next generation of medical professionals at the visionary Hofstra Northwell School of Medicine and the School of Graduate Nursing and Physician Assistant Studies. And we offer health insurance through CareConnect. For information on our more than 100 medical specialties, visit Northwell.edu.
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.
SoFi loans are originated by SoFi Lending Corp. and are not available in all states. Licensed by the Department of Business of Oversight under the California Finance Lenders Law, license number 6054612. NMLS 1121636
*See SoFi.com/legal#md-do-savings for important average savings information.