SoFi and WeWork Join to Help WeWork Employees, Members Tackle Student Debt

SoFi announced that WeWork is joining its SoFi at Work program, bringing its over 3,000 employees and over 175,000 members industry-leading tools to take control of their student debt.

This is the first SoFi At Work partnership to extend beyond a company’s employees to include its customer base. WeWork employees and members will have access to SoFi’s full product line, a suite of resources and tools including SoFi’s Student Debt Navigator, and an exclusive rate discount of 0.125% on student loans refinanced with SoFi. WeWork’s employees, members, and their family and friends are eligible for the 0.125% rate discount when they refinance through sofi.com/wework.

“WeWork’s partnership with SoFi demonstrates our commitment to making learning and education a lifelong process,” said Steve Sanderson, WeWork’s Head of Strategic Planning. “Student loan debt is one of the biggest inhibitors for students wanting to learn more and entrepreneurs looking to accelerate their careers. Making these loans more manageable is one of the best ways to help our employees and members reach their goals.”

SoFi at Work was designed to address the most pressing financial need of a new generation of employees: student debt. According to a survey conducted by SoFi, 84% of young professionals under 30 want financial wellness resources from their employers, while 95% of professionals under 30 with student debt would be more willing to accept a job if it offered student loan repayment. Additionally, 70% of student debt holders hold back from saving for retirement due to student loans.

“WeWork’s employees and members are some of the most entrepreneurially minded people in America, and the last thing that should be holding them back is student debt,” said Wayne Thorsen, Senior Vice President, Marketing and Strategic Partnerships at SoFi. “We’re excited to partner with a forward-thinking company like WeWork to provide a meaningful way to help both their members and employees reach their goals faster.”

WeWork employees and members who refinance with SoFi will also have access to all SoFi member benefits, including complimentary career assistance, exclusive events, and more. More than 700 employers and associations are currently part of SoFi at Work, making it the largest program of its kind in the United States.