Student Loan Refinancing

A student loan refinance
sparks more smart money
moves.

View your rate

Checking your rate will not affect your credit score†︎.

Refinancing your student loans could save you thousands.
When the Refi Effect gets rolling, your ambitions do too.

View your rate

Checking your rate will not affect your credit score†︎.

  • Absolutely no fees

    No origination fees, pre-payment, or late fees.

  • %

    Competitive Fixed Rates2

    Low fixed rates that could help you save more.

  • Flexible term options

    Flexible term options that fit your budget.

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How refinancing student loans works at SoFi.

First, we’ll see if you qualify.

You can see some basic eligibility criteria for different loan types. Plus, we’ll consider other factors like your financial history, credit score, and monthly income versus expenses.

Then, you pick a loan with a competitive interest rate.

If you’re approved, you can select from flexible terms that could lower your interest or monthly payments. All with no fees required.

Don’t forget to get a discount.

For example, you could get a 0.25% interest rate discount by enrolling in autopay.2

View your rate

  Checking your rate will not affect your credit score.

Why refinance student loans?

Refinancing could help you pay off your student loan debt sooner or bring down your monthly payment amount—all on your terms.
  • Lower your interest rate with no fees required.

    A competitive fixed or variable student loan refinance rate could help you save thousands.

  • Pay off your loan sooner.

    A shorter term can help you pay off your loan sooner. Plus, you could receive a special rate discount with autopay.3

  • Simplify your finances.

    Consolidate all your student loan debt into one easy payment.

  • Free up more cash.

    You could lower your monthly payments and put more money toward other goals, like buying a home and saving for retirement.

Student loans calculator illustration

See your potential savings.

Use our Student Loan Refi Calculator to see how much you could save by refinancing student loans with SoFi.

Find your low, fixed interest rate.

Refinance student loans for a lower monthly payment or a lower interest rate.
See payment examples.

5-year fixed rate

4.49% - 8.05% APR1

with all discounts

7-year fixed rate

5.22% - 8.32% APR1

with all discounts

10-year fixed rate

5.22% - 8.57% APR1

with all discounts

15-year fixed rate

5.38% - 8.67% APR1

with all discounts

20-year fixed rate

5.63% - 9.99% APR1

with all discounts

5-20-year variable rates

5.99%–9.99% APR1

with all discounts

Why choose SoFi?

Since 2011, we’ve helped over 500,000 members refinance their student loan debt. Here’s just a bit of what they enjoy:

  • Serious savings.
    Zero required fees.

    You could save thousands with a lower interest rate and no fees required.

  • Easy online process

    Your time matters. View your
    rate in two minutes.

  • Member benefits

    Access SoFi Travel benefits3, our debt summary tool, rewards points4 to pay toward loans, and more.

Let’s find a loan that fits you.

Take a short quiz for a recommendation on a loan that meets your money needs now.

Real stories from real grads.

515,000+
SoFi members have refinanced their student loans

$44 billion+
in student loans refinanced

4.4/5 stars
stars on Trustpilot

*4.4/5 star rating based on 9,049 reviews as of January 1, 2025. See trustpilot.com/review/sofi.com for more info.

An easy choice.

“When I researched refinancing my student loan, all the positive reviews made choosing SoFi a no-brainer.”

- Sandra S., SoFi member.

The savings and experiences of members herein may not be representative of the experiences of all members. Savings are not guaranteed and will vary based on your unique situation and other factors.

Get help from a human.

Ask questions and get help every step of the way from our live customer support team.

Operating hours:
Monday–Thursday 5am–7pm PT
Friday–Sunday 5am–5pm PT

Contact us

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2Fixed rates range from 4.49% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with a 0.25% autopay discount and 0.125% SoFi Plus discount. Unless required to be lower to comply with applicable law, Variable Interest rates will never exceed 13.95% (the maximum rate for these loans). SoFi rate ranges are current as of 2/15/25 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. You may pay more interest over the life of the loan if you refinance with an extended term.

Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will be removed during periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.

SoFi Plus Discount: To be eligible to receive an additional (0.125%) interest rate reduction on your Student Loan Refinancing (your "Loan") for enrolling in SoFi Plus, you must enroll in SoFi Plus within 30 days of Loan funding, either by receiving a Direct Deposit to your SoFi Checking and Savings account, or by paying the SoFi Plus Subscription Fee. Once eligible, you will receive this discount during periods in which you have received Direct Deposit to your SoFi Checking and Savings Account, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount lowers your interest rate but does not change the amount of your regular monthly payment. This discount will be removed during periods in which SoFi determines you have turned off Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. SoFi reserves the right to change or terminate this interest rate reduction offer for unenrolled participants at any time without notice. You are not required to enroll in Direct Deposit or to pay the SoFi Plus Subscription Fee to be eligible for Loan approval.