The Offer
Direct Link to offer | another link
- SoFi is offering $1,000 referral bonus for doctors and dentists who refinance their student loans with the bank.
- Referrer and new member each gets $1,000.
The Fine Print
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Each person referred should be someone you have a direct, personal relationship with. You may not distribute a Referral Link or otherwise solicit anyone through mass email, any form of commercial advertising or other similar means.
- Offer is subject to lender approval and not available to residents of Vermont.
- The offer is only open to new medical or dental Student Loan Refinance borrowers and may not be combined with other offers aside from the autopay discount.
- For both the referrer and referee to each receive a $1,000 bonus, the referee must: (1) register and apply for a medical or dental student loan refinance through the referral link provided; (2) meet SoFi’s underwriting criteria; (3) complete and fund a loan with SoFi; and (4) have or apply for a SoFi Checking and Savings or have a SoFi Money account to receive the bonus.
- Once conditions are met and the loan has been disbursed, both the referrer and referee welcome bonus will be deposited into their respective SoFi Checking and Savings or Money account within 30 calendar days.
- If the referrer and/or referee do not qualify for the SoFi Checking and Savings SoFi will offer payment via ACH pending completion of Form W9.
- Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit.
- Bonus amounts of $600 or greater in a single calendar year will be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences.
Our Verdict
This can potentially be a nice deal for doctors/dentists and presumably those in medical school (please see this comment before refinancing student loans, especially for those still in school). Anyone should be able to find the referrer offer, and can refer a friend who is a doctor/dentist or medical student. Do not share your links in the comments, per the fine print of the offer.
Hat tip to reader Gadget
