Sofi Student Loan: App Pointer

Sofi Student Loan: App Pointer is a loan simulation, calculator and complete guide about US federal student loans, published by MAY DEVS as an independent educational app. It is a planning tool rather than a service: you enter your own figures and it does the arithmetic, so the size of a repayment or refinancing decision is visible before you commit to it. There is no account, no login and no personal data.

What the app does

• Runs loan simulation and calculator screens on the numbers you type in.
• Works as a complete guide to how the US federal student loan programme operates.

Government information comes from one official source, https://studentaid.gov (Federal Student Aid), which the app describes as the only source of government information in it.

What it does not do

The app does not offer loans and cannot be used to apply for a loan. It does not process applications, disburse funds, check application status, or access any account. It is not an official representative of Federal Student Aid and is not affiliated with, endorsed by, or connected to Federal Student Aid, SoFi, SoFi Bank, N.A., or Social Finance LLC. It does not represent any government entity, and brand names appear descriptively only. It never asks for a Social Security number, an FSA ID, a bank account number, a password or a one-time code.

Key facts about the programme

• Federal aid starts with the FAFSA for the relevant award year.
• Federal Direct Loan rates are fixed for the life of each loan and set anew for each award year.
• Refinancing a federal loan with a private lender is permanent: it replaces the federal loan, so the federal repayment, deferment, discharge and forgiveness provisions end with it.

Every figure is an estimate for planning only; the app knows nothing about your actual loans. Always confirm the actual terms with Federal Student Aid directly at https://studentaid.gov, and manage your loans through your own servicer and that official site. Not financial, tax or legal advice.