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 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.

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.

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% - 7.92% APR1

with all discounts

7-year fixed rate

5.09% - 8.19% APR1

with all discounts

10-year fixed rate

5.09% - 8.44% APR1

with all discounts

15-year fixed rate

5.25% - 8.54% APR1

with all discounts

20-year fixed rate

5.50% - 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

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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.