Now you can keep tabs on your student loan account right from your phone. View your account summary, see
recent and scheduled payments + more.
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Public Service Loan Forgiveness is not available on private student loans. Important Notice: The recent federal student loan announcement regarding one-time student loan cancellation is applicable to federal student loans only and does not include private student loans.
Please note, private student loans are not eligible for a refund of payments made during the Covid-19 Forbearance.
The SOFR rate for December 2023 is 5.34%. The Refinitiv rate for December 2023 is 5.45%. With any change to the rate index, variable rate loans will re-amortize and a repayment schedule will be provided that will include your new monthly payment amount, interest rate (margin plus SOFR), and the effective date of your new monthly payment amount.
For SoFi customers experiencing financial hardship, SoFi may offer Repayment Options to temporarily postpone your monthly payment.
If you are struggling with your student loans, please
fill out this form
to get help from the State of Massachusetts Ombudsman's Student Loan Assistance Unit.