Referral program terms and conditions


To be eligible to make a referral, you must:

  • Be a legal resident of the United States of America;
  • Be at least 18 years of age;
  • Not be employed by any subsidiary, affiliate or promotional agency of Student Loan Hero

For the purposes of these Referral Terms, the person making a referral shall be the “Referrer” and the person being referred shall be the “Referee”. The Referrer and Referee cannot be the same person.

To receive credit for a referral under the Referral Program, eligible Referrers must create a Referral Program account, receive their unique referral link, and send the link to the people whom they intend to refer to refinance their student loans. To make a valid referral: (i) the Referrer must send the Referral Link Referrer received from Student Loan Hero (“Referral Link”) to the Referee; (ii) the Referee must use the Referral Link to (a) apply for refinancing through a Student Loan Hero partner; and (b) proceed all the way through funding in at least one of those loans; (iii) the Referee’s loan must be completed through funding and not later cancelled.

Only one referral credit will be awarded for each referred Student Loan Hero partner refinance. If the referee has multiple loans and refinances into one loan, only one referral credit will be rewarded. A Referrer will not earn a referral reward if their Referee does not get funded for a refinance or if their Referee does not use the referral link when first starting an application.

Referrers will not receive credit for referring themselves via their own unique referral link. Referrers are limited to referring their own friends, colleagues, family members, and direct acquaintances whom they believe may be eligible for a student loan refinance. Any Referee must be able to personally identify their Referrer. Student Loan Hero reserves the right to disqualify anyone from this Referral Program at any time. Anyone who violates these official rules is ineligible for payment of any bonus.

Non-solicitation Agreement

If you participate in the Referral Program you agree not to solicit applications for any type of Student Loan Hero partner loan. You agree not to compensate, or accept any compensation from, applicants whom you refer to Student Loan Hero through the Referral Program. You further agree that your activities will be limited to informing your contacts about Student Loan Hero’s student loan refinancing partners so that they may independently decide whether or not to apply for a loan. You may not collect information from your contacts or assist with filling out a loan application or discuss specific loan terms with your contacts.

No Spam

You must comply with all applicable laws and regulations, including anti-spam laws. Any distribution of a Referral Link, including by email or social media, must be done in a personal manner and must be in a form approved by Student Loan Hero in advance. Bulk email distribution and any use of automated devices or third party services is prohibited. Referral Program links should only be sent to your own friends, colleagues, family members, and direct acquaintances whom you believe to be eligible for a student loan refinance. Participants may not purchase internet search terms or publicly advertise Student Loan Hero’s name in any fashion. Further, any distribution of a Referral Program link that could constitute unsolicited commercial email or “spam,” any content which impersonates or implies an affiliation with or endorsement by Student Loan Hero or any Student Loan Hero subsidiary, or any actions which otherwise violate any conditions imposed by Student Loan Hero, are prohibited and will be grounds for immediate disqualification.

Independent Contractor

Your participation in the Referral Program is solely as an independent contractor. Neither you nor Student Loan Hero intend to establish an employment relationship and you are not entitled to any benefits. If the cumulative bonus rewards paid to an individual in a one calendar year exceed $599 USD, then form W-9 may be required to be completed prior to funds disbursement. Any payments that are not claimed within 180 days of the date the funds have been made available because check payment information, or required tax information have not been provided are subject to forfeit. Student Loan Hero reserves the right to change or eliminate the Referral Program at any time.

Privacy Policy

Information submitted with an entry is subject to the Privacy Policy stated on the Student Loan Hero Web Site. Read the Privacy Policy here:


Student Loan Hero may suspend or terminate the Referral Program or a Participant’s ability to participate in the Referral Program at any time and for any reason. Student Loan Hero reserves the right, in its sole discretion to cancel, terminate, modify or suspend the Referral Program should (in its sole discretion) a virus, bugs, non-authorized human intervention, fraud or other causes beyond its control corrupt or affect the administration, security, fairness or proper conduct of the Referral Program. In such case, Student Loan Hero may select the recipients from all eligible entries received prior to and/or after (if appropriate) the action taken by Student Loan Hero. Student Loan Hero reserves the right at its sole discretion to disqualify any individual who tampers or attempts to tamper with the entry process or the operation of the Referral Program or website or violates these Terms & Conditions.

Student Loan Hero has the right, in its sole discretion, to maintain the integrity of the Referral Program, to void votes for any reason, including, but not limited to; multiple entries from the same user from different IP addresses; multiple entries from the same computer in excess of that allowed by sweepstakes rules; or the use of bots, macros or scripts or other technical means for entering. Any attempt by an entrant to deliberately damage any web site or undermine the legitimate operation of the sweepstakes may be a violation of criminal and civil laws and should such an attempt be made, Student Loan Hero reserves the right to seek damages from any such person to the fullest extent permitted by law.

Student Loan Hero reserves the right to review and investigate all referral activity and disqualify Participants and/or cancel Referral Awards if Student Loan Hero believes Participant has violated any law, regulation or policy.

Limitation of Liability

By entering the Referral Program you agree to release and hold harmless Student Loan Hero and its subsidiaries, affiliates, advertising and promotion agencies, partners, representatives, agents, successors, assigns, employees, officers and directors from any liability, illness, injury, death, loss, litigation, claim or damage that may occur, directly or indirectly, whether caused by negligence or not, from (i) such entrant’s participation in the Referral Program and/or his/her acceptance, possession, use, or misuse of any prize or any portion thereof, (ii) technical failures of any kind, including but not limited to the malfunctioning of any computer, cable, network, hardware or software; (iii) the unavailability or inaccessibility of any transmissions or telephone or Internet service; (iv) unauthorized human intervention in any part of the entry process or the; (v) electronic or human error which may occur in the administration of the or the processing of entries.

Rights Granted by you

By participating in this Referral Program you understand that Student Loan Hero, anyone acting on behalf of Student Loan hero, or its respective licensees, successors and assigns will have the right, where permitted by law, without any further notice, review or consent to print, publish, broadcast, distribute, and use, worldwide in any media now known or hereafter in perpetuity and throughout the world, your entry, including, without limitation, the entry and winner’s name, portrait, picture, voice, likeness, image or statements about the Referral Program, and biographical information as news, publicity or information and for trade, advertising, public relations and promotional purposes without any further compensation.


THIS IS GOVERNED BY THE LAWS OF USA AND TX, WITHOUT RESPECT TO CONFLICT OF LAW DOCTRINES. As a condition of participating in this, participant agrees that any and all disputes which cannot be resolved between the parties, and causes of action arising out of or connected with this, shall be resolved individually, without resort to any form of class action, exclusively before a court located in TX having jurisdiction. Further, in any such dispute, under no circumstances will participant be permitted to obtain awards for, and hereby waives all rights to claim punitive, incidental, or consequential damages, including reasonable attorneys’ fees, other than participant’s actual out-of-pocket expenses (i.e. costs associated with entering this ), and participant further waives all rights to have damages multiplied or increased.