SoFi Teams Up With JetBlue to Help Customers Manage Student Loans While Earning Travel Rewards

Online lending platform SoFi recently announced it has formed a partnership with airline company JetBlue to help customers manage their student loans while also earning travel rewards. The companies claimed this is the first partnership between a direct lender for student loans and an airliner.

SoFi reports that through the partnership, JetBlue’s TrueBlue members, who refinance their student loans through SoFi, will now earn 1 TrueBlue point for every $2 they refinance through the lender, up to 50,000 points. The online lender noted that with an average monthly savings of $288, refinancing student loans on its platform frees up extra money that members may now use to pursue travel plans, save, and invest for the future.

Speaking about the new partnership, Catesby Perrin, VP of Business Development at SoFi, stated:

“We hear every day from SoFi members that refinancing their student loans helps them get more out of life. 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.”

Scott Resnick, director loyalty marketing at JetBlue, also noted:

“Our new partnership with SoFi truly rewards loyalty, allowing TrueBlue members to earn points while lowering their student loan debt. SoFi has created an innovative model that helps those with debt refinance while earning points for future travel.”

Terms and conditions for the rewards are listed below:

“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; (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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