Insurance Provider, USI Affinity, announced on Thursday that is has formed a partnership with marketplace lending, SoFi, to offer members of the Pennsylvania Bar Association (PBA) the opportunity to consolidate and refinance their private and federal student loans into a single loan with a lower rate and lower monthly payment.
PBA and USI Affinity recently sought and selected SoFi for its ability to serve the consolation needs of legal professionals struggling with student loans.
SoFi offers its members unique benefits other lenders don’t offer such as Unemployment Protection, career support, the SoFi Members Network, and access to a host of other savings. If members apply through the PBA program website and refinance their loans with SoFi, they’ll qualify for a $300 welcome bonus.
PBA President William H. Pugh V, stated:
“The PBA’s new student loan refinancing program, available in partnership with respected financial services providers, can assist PBA members who seek a more efficient way of reducing burdensome student loan debt. We are pleased to offer this innovative and valuable benefit in response to our members’ requests for help in building their careers in the legal profession and achieving financial stability.”
Mike Murphy, Chief Marketing Officer of USI Affinity, added:
“The best thing we can do for our clients and their members is to implement unique programs like SoFi that can help members avoid undue financial risk as they progress in their careers. SoFi is the first step in helping them build financial wellness, and we’re looking forward to the opportunity the program provides today and where we envision it to lead in the future.”