Here's the Legal Stuff
It's a dry read but you should look it over
Terms and Conditions
LendKey
*In the event that you would like to move forward with any of the conditional offers, you will be required to complete an application with the lender on the LendKey website, at which point we will conduct a credit report inquiry (which may affect your credit score).
Bonus offer is subject to lender approval. To receive this offer, you must: (1) have a current ChangEd account; (2) complete a loan application with LendKey for a student loan refinance product; (3) register and/or apply through the landing page in this email. Once conditions are met and your new loan has been disbursed, LendKey will begin to match the ChangEd roundups you accrue for three months, and up to $100 total. You will receive your ChangEd roundups value within 30 days of the end of the three month period. LendKey reserves the right to change or terminate the offer at any time with or without notice. Additional restrictions or conditions may apply.
ChangEd receives compensation from LendKey for funded loans.
All loans offered via LendKey’s website are made by credit unions and banks participating on the LendKey platform. LendKey Technologies, Inc. (“LendKey”) is not a lender, nor does LendKey have any ownership interest in the loans originated on the platform.
SoFi
*Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS PROSPECTIVELY BASED ON MARKET CONDITIONS AND BORROWER ELIGIBILITY. Your existing student loan(s) must total a minimum of $5,000 to be eligible for refinancing. Minimum loan amount may be higher in specific states due to legal requirements. To qualify, a borrower must be a U.S. citizen or other eligible status, have graduated with an associate degree or higher from an eligible Title-IV-accredited college or graduate program, and meet SoFi’s underwriting requirements; see SoFi.com/eligibility. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Information current as of 10/14/19 and subject to change. Loans originated by SoFi Lending Corp (dba SoFi). Licensed by the DBO under the California Financing Law, license #6054612. NMLS #1121636 (www.nmlsconsumeraccess.org). See SoFi.com/legal for state-specific license details.
ChangEd receives compensation from SoFi on a per-funded loan basis.
1. Offer eligible for new student loan refinance customers only, who do not reside in the state of Ohio at the time their loan is funded, and may not be combined with any other offers or discounts-- apart from the autopay discount. Offer is subject to lender approval. To receive this offer, you must: (1) have a current ChangEd account; (2) complete a loan application with SoFi for a student loan refinance product; (3) register and/or apply through the landing page provided; (4) and meet SoFi’s underwriting criteria. Once conditions are met and your new loan has been disbursed, SoFi will begin to match the ChangEd roundups you accrue for three months, and up to $150 total. You will receive your ChangEd roundups value within 30 days of the end of the three month period. SoFi reserves the right to change or terminate the offer at any time with or without notice. Additional restrictions or conditions may apply.Advisory services are offered through SoFi Wealth, LLC a registered Investment adviser. Information about SoFi Wealth’s advisory operations, services, and fees is set forth in SoFi Wealth’s current Form ADV Part 2 (Brochure), a copy of which is available upon request and at www.adviserinfo.sec.gov.
Nelnet Bank*Nelnet Bank, and any associated logos or design marks, are trademarks or service marks of Nelnet, Inc. All loan programs and terms are subject to change or may be discontinued at any time without notice. Certain restrictions and limitations may apply.ChangEd receives compensation from Nelnet Bank on a per funded loan basis.Loan Refinancing Risks: Federal student loans include benefits that may not be offered with private student loans. Carefully review any potential benefits that may be lost by refinancing federal and private education loans, such as the loss of any remaining grace periods.Credit Score: Checking your rate results in a soft credit pull, which will not affect your credit score. If you continue with your application, Nelnet Bank will request your permission to obtain your full credit report from one or more consumer reporting agencies. This is a hard credit pull and may affect your credit score.Auto Debit: Interest rate reduction of .25% for automatically withdrawn payments from any designated bank account (“auto-debit discount”). Auto debit discount applies when full payments (including both principal and interest) are automatically drafted from a bank account. The auto-debit discount will continue to apply during periods of approved forbearance or deferment if the auto-debit discount was in effect at the time of receiving the forbearance or deferment. Auto debit discount will remain on the account unless (1) the automatic deduction of payments is canceled or (2) there are three consecutive automatic deductions returned for insufficient funds at any time during the term of the loan.Refinance Loan Eligibility: You must be a U.S. citizen or permanent resident alien with a valid U.S. Social Security number, and be the legal age to enter into binding contracts in your state/territory of residency, or be at least 17 years of age and apply with a cosigner who is at least the age of majority in their state/territory. Non-residents can apply with an eligible cosigner who is a U.S. citizen or permanent resident alien with a valid U.S. Social Security number. The student loans you refinance must be in their grace or repayment period, and you can no longer be enrolled in school on a half-time or more basis. You must have at least $5,000 in student loans to refinance. You, or your eligible cosigner, must have an annual income of at least $36,000. Approval subject to credit review. Other credit criteria may apply.Interest Rates:Fixed interest rates range from 2.99% APR (with auto-debit discount) to 6.25% APR (without auto-debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. The fixed interest rate will remain the same for the life of the loan. Variable interest rates range from 2.00% APR (with auto-debit discount) to 5.63% APR (without auto-debit discount). Your interest rate will depend on your (and if applicable, your cosigner’s) credit qualifications. Variable rates may increase after consummation. The variable interest rate is equal to the One-Month London Interbank Offered Rate (“One-Month LIBOR”) plus a margin. The One-Month LIBOR in effect for each monthly period (from the first day of the month through and including the last day of the same month) will be the highest One-Month LIBOR published in The Wall Street Journal “Money Rates” table on the twenty-fifth (25th) day (or if such day is not a business day, the next business day thereafter) of the month immediately preceding such calendar month. The Annual Percentage Rate (APR) for a variable interest rate loan will change monthly on the first day of each month if the One-Month LIBOR index changes. This may result in higher monthly payments. The current One-Month LIBOR index is 0.11% as of May 1, 2021.