Uh, why the fuck did you go to law school if you're a money nerd who can easily tell when interest rates are going up? You should be running the biggest hedge fund in NYC with that kind of financial acumen.
Obviously I can't tell to the day when interest rates are going up, such that I'd have a serious advantage at a hedge fund. But if you keep in touch with the news, you have a general sense as to when interest rates are heading up. From what I can tell, not until mid next year at the earliest will they go up in any material way. Obviously, could very well be wrong.
Seriously though, I'd like to see the actual contracts SOFI is putting out. They have this in all caps on their website: "SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE." Lulz.
How can you not find it similarly lulzy that there are people here borrowing on 7.5% fixed, which is IMO criminal. If you're that worried about a variable interest rate, and you have excellent credit, you can get 5.5% fixed from SOFI.
Regarding SOFI itself, everyone I know who has used it has had nothing but good things to say about it. My only gripe is that you can't use a credit card to make payments like you can with Sallie Mae.