NEW YORK and SAN FRANCISCO, May 30,
2017 /PRNewswire/ -- Today, SoFi and JetBlue
(NASDAQ:JBLU) announced a partnership that lets those with student
loans simultaneously lower their payments while earning valuable
airline loyalty points, the first partnership between a direct
lender for student loans and an airline.
Through the partnership, JetBlue's TrueBlue members who
refinance their student loans with SoFi will now earn 1 TrueBlue®
point for every $2 they refinance
through the lender, up to 50,000 points. With average monthly
savings of $288*, refinancing student
loans with SoFi frees up extra money that members can use to pursue
travel plans, save and invest for the future, or buy a home.
Younger Americans, especially the Millennial generation, are
eager to travel but record student debt levels are holding them
back:
- The average Class of 2016 graduate is carrying $37,172 in
student loan debt
- When asked which investment, purchase or life event has been
delayed due to student debt repayment, 53% of Millennials said
travel, more than buying a home (45%) or saving for retirement
(38%)
- Of Millennials who do not have enough money to travel as much
as they'd like, nearly 90% say that if they suddenly had more money
to spend, they would travel more.
"We hear every day from SoFi members that refinancing their
student loans helps them get more out of life," said Catesby Perrin, VP of Business Development at
SoFi. "We're thrilled to work with JetBlue to open up a world of
travel opportunities while helping people pay off their student
loans faster at the same time."
TrueBlue members are able to refinance their loans with SoFi and
earn points today by visiting https://www.sofi.com/jetblue/.
"Our new partnership with SoFi truly rewards loyalty, allowing
TrueBlue members to earn points while lowering their student loan
debt," said Scott Resnick, director
loyalty marketing, JetBlue. "SoFi has created an innovative model
that helps those with debt refinance while earning points for
future travel."
Additional information about TrueBlue and how to register can be
found here: https://trueblue.jetblue.com.
*Terms and Conditions: Offer eligible for new student loan
refinance customers only 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 and provide your TrueBlue® member account; (2) complete a loan
application with SoFi for a student loan refinance product; (3)
register and/or apply through the landing page sofi.com/jetblue;
(4) and meet SoFi's underwriting criteria. Once conditions are met
and the loan has been disbursed, you will receive your TrueBlue
points within 90 days. SoFi reserves the right to change or
terminate the offer at any time with or without notice. Additional
restrictions or conditions may apply. TrueBlue is a registered
trademark of True Blue, Inc.
Loans are originated by SoFi Lending Corp. and may not be
available in all states; see sofi.com/legal. California Finance
Lender License # 6054612
About SoFi
Social Finance, Inc. ("SoFi") is a new kind
of finance company taking a radical approach to lending, wealth
management and insurance. From unprecedented products and tools to
faster service and open conversations, we're all about helping our
members get ahead and find success. Whether they're looking to buy
a home, save money on student loans, ascend in their careers, or
invest in the future, the SoFi community works to empower our
members to accomplish the goals they set and achieve financial
greatness as a result. For more information, visit SoFi.com.
About JetBlue
JetBlue is New
York's Hometown Airline®, and a leading carrier in
Boston, Fort Lauderdale-Hollywood, Los
Angeles (Long Beach), Orlando, and San
Juan. JetBlue carries more than 40 million customers a year
to 101 cities in the U.S., Caribbean, and Latin
America with an average of 1000 daily flights. For more
information please visit jetblue.com.
For press inquiries:
SoFi
Laurel Toney –ltoney@sofi.com
415.735.4044
JetBlue Corporate Communications
Tel: +1.718.709.3089
corpcomm@jetblue.com
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SOURCE SoFi