A couple of those companies don't specialize in student loan refinancing.

SoFi started as a student loan refinancing institution for low-risk professional pools with Stanford and Harvard alumni. As someone who refinanced their student loans recently with SoFi and shopped around, I can tell you I got the best rate from SoFi.

You seem adamantly opposed to SoFi though. Despite the unfounded accusations in your rant, why are you?

Personally, I don't know if "has the best rate" is strong enough to warrant the moniker, "a new kind of finance company," but that's just me.

The real criticism is that they take out the repayers and leave the govt with the defaulters aka privatize the profits and socialize the losses. it will eventually undermine the student loan program.

That is not unique to SoFi by any means.

Seems like the right answer here is to make the government not accept refinancing that doesn't pay back all the loan?

So your problem with Sofi is their marketing motto?

If we literally judge every financial company by their slogan, then we'll be here a while.

Well, your only defence of the company against the parent of this thread was that they got you the best rate after shopping around. I'm pretty sure that "they don't have the best rate" is not an issue that the parent poster takes with the company, so I find it kind of odd that this is your rebuttal.

Ok, but what does that have to do with SoFi's slogan?

https://www.earnest.com is a nearly identical company as well.

There's https://www.bestegg.com too, they send me like 1 mailing a week and I get mailings from other very similar companies, as well as established banks, several times a week.

I do not know if it's a saturated market yet but it sure seems like it.

I currently have ~$10,000 in credit card debt at 0% interest, no I don't want to refinance that, thank you! (I got the money sitting in a CD when the interest free period runs out.)