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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Why refinance your student loans with SoFi?

Refinancing could help you pay off your student loan sooner or bring down your monthly payment amount—all on your terms. You may pay more interest with an extended term.
  • You could save more over time.

    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 faster. Plus, you could receive a special rate discount with autopay.3

  • Simplify your debt.

    Consolidate all your student loans into one easy payment.

  • Free up your finances.

    Lower your monthly payments and put more money toward other goals, like buying a home and saving for retirement. Just remember: you may pay more interest over the life of your loan.

Student loans calculator illustration

Calculate your savings.

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

The Student Debt Guide
is here.

It includes all the information you’ll need to tackle your student loan payments and get to life after debt.

Check it out

Screen images simulated. For illustrative purposes only.

Let’s find a loan that fits you.

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

See terms that work for you.

Refinance student loans to lower your monthly payment or lower your student loan refi rate. You may pay more interest overall with a lower monthly payment. See payment examples.

View your rate

BTW it's a soft inquiry, so it won't affect your credit score.

Fixed

4.49%–9.99% APR2

with all discounts

Variable

5.99%–9.99% APR2

with all discounts

We know student loan refinancing.

Since 2011, we’ve helped over 450,000 members refinance their student loans and make strides toward achieving financial freedom. Here’s how:

  • Serious savings

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

  • Easy online process

    Your time matters. View your
    rate in two minutes.

  • Member benefits

    Get access to financial advice and more.

We're helping college grads
get their money right.

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.

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 0.25% direct deposit discount. Variable rates range from 5.99% APR to 9.99% APR with a 0.25% autopay discount and 0.25% direct deposit 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 3/27/24 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. 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 discontinue and be lost for 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 and Direct Deposit are not required to receive a loan from SoFi. You may pay more interest over the life of the loan if you refinance with an extended term.

0.25% Direct Deposit Discount: Terms and conditions apply. Offer good for Student Loan Refinance (SLR) borrowers that apply for a new SLR on or after 9/17/2024. To be eligible to receive the 0.25% interest rate reduction offer: You must (1) Complete a Student Loan refinance application with SoFi beginning September 17, 2024; (2) Be approved by SoFi for the loan meeting all SoFi’s underwriting criteria; (3) Have either an existing SoFi Checking and Savings account, a SoFi Money cash management account or open a new SoFi Checking and Savings account within 30 days of funding the new loan, AND receive a direct deposit of at least $1,000 to the account within the first 30 days of funding the new loan ("Direct Deposit Account"); (4) Be the primary SLR account holder. If eligible at SoFi’s sole discretion, you will receive this discount during periods in which you have received direct deposits of at least $1,000 every 30 days to a Direct Deposit Account. This discount will be removed during periods in which SoFi determines you have not received at least $1,000 every 30 days in direct deposits to your Direct Deposit Account. You are not required to enroll in direct deposits to obtain a Loan. This discount lowers your interest rate but does not change the amount of your monthly payment. SoFi reserves the right to change or terminate this Rate Discount Program to unenrolled participants at any time without notice.