A loan from Marcus by Goldman Sachs cannot be used for education-related expenses or to refinance your student loans. Examples of education-related expenses may include tuition and fees, books, supplies, miscellaneous personal expenses, room and board.
If you intend to refinance an existing loan with a loan from Marcus, you should know that:
1. You may not refinance an existing student loan with a loan from Marcus.
2. You will lose any special interest rate benefits or rights that you have or could obtain on your existing loan. These could include state or federal rights (such as under the Servicemembers Civil Relief Act), protections available to borrowers in financial trouble and/or rate reductions for on-time payments.
3. Monthly payment requirements for your current loan and our loan may vary.