Page 41 - 2022 SoFi Benefits Guide

STUDENT LOAN REPAYMENT TUITION REIMBURSEMENT

PROGRAM PROGRAM

SoFi is invested in the financial wellness of its employees. SoFi will cover tuition costs for approved programs
SoFi offers an industry leading benefit to help regular, from an accredited institution, pre-tax up to $5,250 per
full-time employees who are regularly scheduled at least year with a lifetime maximum of $25,000. This program
30 hours per week with their student loan debt. $5,250 is available to all regular, full and part time employees.
is the pre-tax maximum that can be paid out in one Employees are eligible for this benefit after 6 months
calendar year. This pre-tax maximum includes payments of employment. $5,250 is the maximum that can be
from both the Student Loan Repayment Program and the paid out in one calendar year and is in combination
Tuition Reimbursement Program. The loan must be in the with the Student Loan Repayment Program due to
employee’s name as this benefit does not cover loans for CARES Act. It is the responsibility of the employee to
family members. submit their request for reimbursement by December
This benefit is considered subject to applicable taxes 1st in a given calendar year to ensure they are
after the $5,250 pre-tax maximum has been met in reimbursed for that year. SoFi’s reimbursement policy
combination with the Tuition Reimbursement Program. is based on paid dates of reimbursement, and not the
dates of the course itself.
You will receive an enrollment email approximately at
the end of the week in which you become eligible. Please For more information, please visit the
use a personal email address to enroll. Workday Benefits Mall or contact the People Team at
benefits@sofi.org.
Employees are not eligible to receive any student loan
repayment benefits for any months worked prior to
enrollment. Employees should enroll timely in order
to receive the maximum benefit. The student loan
repayment program will cease as of the employee’s
termination date. SoFi will not contribute towards the
employee’s student loan repayment program during a
leave of absence.

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