Alumni invested in the program, and the funds were used to help recent grads lower their interest rates.
The program started out just at Stanford, expanded to some other schools, included some other programs, and eventually became a nationwide program.
Doing both of these things can save you money over the short term and in the long run.
So Fi offers both fixed rate and variable interest rate loans.
So Fi functions differently than the standard big bank approach to student loan consolidation and refinancing.