Deal has expired, view more Acorns deals here or more SoFi deals here.
The Offer
- Acorns investment is currently offering $200 back when you refinance your federal or private student loan with SoFi. Simply click through the Acorns link and you’ll get $200 added to your Acorns account automatically when you apply and complete a loan from SoFi.
The Fine Print
- Must click through the Acorns link.
- You must successfully complete the eligible transaction between 12:01 a.m. (Pacific Time) on June 14, 2018 and 11:59 p.m. (Pacific Time) on August 13, 2018.
- Contribution: $200 for each eligible transaction that has been completed with Partner.
- Eligible Transaction: Establish a new student loan with Partner by clicking the Partner link in the Acorns app and immediately completing the transaction.
- Not available to residents of Michigan, Vermont, or Connecticut.
- You will typically be notified within 72 hours of successfully completing an eligible transaction, and contributions to your Acorns account will typically be posted within 120 days thereafter.
- Eligibility to participate in certain promotions may require the allowance of cookies on the applicable mobile or desktop device, and may also require other device settings as determined by Acorns from time to time.
- Notice: 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.
Our Verdict
Obviously, don’t use SoFi for the $200 – figure out where you get the best rate/terms before taking out any loan. SoFi is one of the big student loan providers, and this deal can be useful for someone planning to take out a loan. It’s possible refinancing other loans will also work to trigger the bonus, though the terms clearly only reference student loans.
Readers point out that there is a SoFi referral program which offers $300 for the referrer + $100 for the new member, so some people may prefer to use a friend’s referral to get them the $300 bonus.
Acorns offers $5 to new members who signup and make an investment, and also has a sweet offer for those referring new members. Appreciate if you use my Acorns referral link to signup.
