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Students Earn Airline Loyalty Points and Lowering Student Loan Debt

Students Can Now Earn JetBlue Travel Ponts when they Refinance their Student LoansJetBlue Travel Ponts Loyalty Program

Got student loans? Members can save money every month when refinancing with SoFi. Plus, they can earn up to 50,000 TrueBlue points.

SoFi and JetBlue recently 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.”

*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.

 

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