STUDENT DEBT GUIDE

Student loan payments
causing stress?
You’re not alone.

43+ million people are right there with you. And there’s
a date coming up—September 30, 2024. That’s when loan
servicers may begin reporting default loans to credit bureaus.
We can help you get back on track so you can tackle
your loans and avoid credit score snags—fast.

Webinars that can help you.

Get valuable guidance from a financial team who understands exactly what you’re going through. They’ll break it all down for you and help you make a plan.

  • Navigating Your Student Debt with a SoFi Financial Planner.

    Watch now

  • Everything You Need to Know About Repaying Your Medical and Dental School Loans.

    Watch now

  • Everything You Need to Know About Repaying Your Student Loans.

    Watch now

Student loan facts.

There’s a lot to know about managing your student loan debt. Let’s start with the current student loan landscape.

  • Student loan payments resuming

    The latest on student loan repayment

    The latest on student loan repayment:

    • Student Loans Payments Are Back. Here Are All the Dates You Need to Know
    Borrowers who haven’t begun federal student loan repayment may be facing loan servicers reporting default loans beginning September 30, 2024. Are you prepared? Read more.

    • What Student Loan Repayment Plan Should You Choose? Take the Quiz
    You can take this quiz to get a better understanding of each option and see example scenarios that could be similar to yours. Read more.

    • 4 Student Loan Repayment Options—and How to Choose the Right One for You
    Here’s an overview of repayment options that may help if you are choosing a repayment plan. Read more.

  • Student loan forgiveness:

    Student loan forgiveness

    Student loan forgiveness:

    • You Can Still Put off Repaying Your Student Loans. Should You?
    Interest continues to accrue whether you pay your loans or not. While you might buy yourself some time during the on-ramp period, you could be doing yourself more harm than good. Make sure you’re informed. Read more.

    • Student Loan Trend Watch: Hurdles for Federal Loan Relief
    Federal student debt relief has been a moving target wrought with legal challenges in several states. Stay informed about your options so you don’t fall behind. Read more.

    • Public Service Loan Forgiveness (PSLF)
    If you work for a U.S. federal, state, or local agency, non-profit,or tribal organization, you may qualify for loan forgiveness if all conditions are met. Explore the possibilities in our PSLF resource hub.

  • Interest rates and inflation:

    Interest rates and inflation

    Interest rates and inflation:

    • Why Are Student Loan Rates So High?
    Over the past three years, undergraduate loan rates have doubled, and other student loan rates have risen similarly. Read more.

    • 3 Factors That Affect Student Loan Interest Rates
    Student loan rates change on a regular basis and are determined by different factors. Read more.

    • How Rising Inflation Affects Student Loan Interest Rates
    For people with variable-rate student loans, or any kind of debt, it could pay to watch inflation. Read more.

    • Federal Reserve Interest Rates, Explained
    There’s a connection between the Fed’s interest rate decisions, the national economy, and your personal finances. Read more.

  • Get your questions answered.

    We created this comprehensive SoFi at Work Guide to Student Loans so you have everything you need all in one place. You’ll get info on types of loans, who you should call, when to pay, and a lot more.

    Download guide

Is refinancing right for you?

Refinancing some or all of your student loans could potentially reduce the interest on your payments—but there could also be some downsides, like losing the benefits of a federal loan. Keep in mind you can always refinance now and do it again later if interest rates drop further.


Here are more articles to read if you’re considering refinancing at this time:

Learn more

Have more questions?
Our team is here to help.

  • SoFi at Work Student Loan Specialists

    Our specialists can help you manage the complexities of debt, identify ways to help you increase your cash flow and lower your monthly payments—and much more. Call 888-594-2936 or schedule a call below.

    Schedule now

  • SoFi Financial Planners

    Our financial planners provide complimentary advice based on your
    unique needs and financial goals, including paying back
    student loans—and more.

    Schedule now

Products available from SoFi on the Dashboard may vary depending on your employer preferences.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS PROSPECTIVELY BASED ON MARKET CONDITIONS AND BORROWER ELIGIBILITY. Your existing student loan(s) must total a minimum of $5,000 to be eligible for refinancing. Additional terms and conditions may apply. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., have graduated with an associate degree or higher from an eligible Title-IV-accredited college or graduate program, and meet SoFi’s pre-established underwriting requirements, including verification of sufficient income to support your ability to repay; see SoFi.com/eligibility. Lowest rates reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance with an extended term.

SoFi refinance loans are private student loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Public Service Loan Forgiveness, Income-Based Repayment, Income-Contingent Repayment, PAYE or SAVE. Information current as of 8/1/24 and subject to change.

Advisory tools and services are offered through SoFi Wealth LLC, an SEC-registered investment adviser. 234 1st Street San Francisco, CA 94105.

SoFi Student Loan Refinance Loans, Personal Loans, Private Student Loans, and Mortgage Loans are originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), (www.nmlsconsumeraccess.org). For additional product-specific legal and licensing information, see SoFi.com/legal. 2750 E. Cottonwood Parkway #300 Cottonwood Heights, UT 84121.

Information as of August 2024 and is subject to change. AW24-1924432-D

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