SoFi: Refinance your student loans for up to $100K |

SoFi student loan refinancing

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Eliminate your student debt more quickly while saving on interest.

If you’re looking to save some serious cash on your student loans, consider refinancing for better terms, lower monthly payment or APR. If you have a credit score of 650 or better, you can qualify for competitive variable rates starting at 2.48% with SoFi student loan refinancing.

The best part: you can get your rates online in two minutes.

SoFi Student Loan Refinancing Variable Rate (with Autopay)

SoFi Student Loan Refinancing

SoFi can consolidate and refinance both federal and private student loans.

  • Recommended Credit Range: Good to excellent
  • Min. Loan Amount: $5,000
  • Max. Loan Amount: full balance of your qualified education loans
  • Loan Term: 5 to 20 years
    Rates last updated October 16th, 2018
    Name Product Min. Credit Score Max. Loan Amount APR Product Description
    SoFi Student Loan Refinancing Variable Rate (with Autopay)
    full balance of your qualified education loans
    2.480% – 6.990% (variable)
    A leader in student loan refinancing, SoFi can help you refinance your loans and pay them off sooner.
    SoFi Student Loan Refinancing Fixed Rate (with Autopay)
    full balance of your qualified education loans
    3.899%–7.804% (fixed)
    Refinance your student loans and pay them off sooner at fixed rates through this highly rated lender.

    Compare up to 4 providers

    How does student loan refinancing with SoFi work?

    A unique feature of SoFi is that it consolidates both federal and private student loans. With SoFi, you can choose between a competitive fixed or a variable APR.

    Using SoFi to refinance your student loans can save you money in the long run, especially if your current loans have high interest rates.

    SoFi student loan refinancing offer

    SoFi offers you the chance to borrow starting at $5,000 with the choice of a fixed or variable interest rate.

    • Minimum loan amount. $5,000
    • Maximum loan amount. full balance of your qualified education loans
    • Loan term. 5 year(s) to 20 year(s)
    • Approval speed. Two minutes
    • Total costs. Varies by credit score
    • Unemployment Protection Program. If you lose your job, SoFi will suspend your payments for three to 12 months
    • Confidential, secure online application. With a rate quote in minutes

    What loans can I get with SoFi?

    Maximum Loan AmountLoan TermApproval speed
    SoFi Student Loan Refinancing
    Refinance your loans to pay them off sooner.
    full balance of your qualified education loans5 year(s) to 20 year(s)Find out your rate in a matter of minutes
    SoFi Personal Loan
    Borrow up to $100,000 with a competitive APR and no fees.
    $100,0003 year(s), 5 or 7 year(s)Varies

    Features of refinancing your student loans with SoFi

    Some of the key features of refinancing your student loans with SoFi are:

    • No application or origination fees.
    • Customer support. Available seven days a week by phone, email, chat or social network platforms.
    • Federal and private loan consolidation and refinancing.
    • Unemployment protection. If you lose your job by no fault of your own, SoFi will temporarily hold your loan payments. It’ll even help with your job search.
    • Career support. No matter where you are in your career, SoFi offers advice, salary negotiation tactics, personal brand building and more.
    • Wealth advisors. If you’re looking to invest or create a financial plan, advisors are on hand to help.
    • Online and in-person community. SoFi is member-based and puts on events like happy hours.

    Refinancing for medical and dental residents

    SoFi has a special loan for medical and dental graduates that allows them to make repayments as low as $100 a month while completing a residency. Fixed rates run from 4.274% to 8.679% with autopay and variable rates range from 2.855% to 7.490 with autopay. Residents have a choice between terms of five, seven, 10, 15 and 20 years.

    To qualify you must have no more than four years left in your residency program and at least $10,000 in debt. It’s an affordable option in the short-term, though the interest that adds up during your residency gets added to your loan balance, ultimately increasing your debt load.

    What other products does SoFi offer?

    SoFi also offers:

    • Mortgage loans. Buy a home with as little as 10% down, with flexible debt-to-income limits. You’ll also avoid application and loan origination fees.
    • Mortgage refinancing. Paying too much interest on your existing mortgage? The refinancing process takes fewer than 30 days, and you can learn how much you prequalify for even before submitting a complete application.
    • Personal loans. Consolidate your credit card debt, take a vacation or improve your home. Competitive APR, and you can choose fixed or variable rate options.
    • MBA loans. If you’re pursuing a graduate degree, you can make interest-only repayments while at school, and select between fixed and variable APRs.

    How can I apply for student loan refinancing with SoFi?

    First, confirm your eligibility. You must:

    • Be a US citizen or permanent resident.
    • Meet your state’s minimum age requirement.
    • Have a regular source of income or an offer of employment that starts within 90 days.
    • Have graduated from a selection of Title IV accredited universities or graduate programs.

    During the application process, you’ll need to provide:

    • Your full name and contact information.
    • Proof of a government-issued ID, like a driver’s license or passport.
    • Your Social Security number.
    • Your employment status and income.
    • Certain expenses that could interfere with repayment.


    Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (

    Student Loan Refinance

    Fixed rates from 3.899%–7.804% APR (with AutoPay). Variable rates from 2.480% – 6.990% APR (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. See APR examples and terms. Lowest variable rate of 2.560% APR assumes current 1 month LIBOR rate of 1.90% plus 0.91% margin minus 0.25% ACH discount. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR 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. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. *To check the rates and terms you qualify for, SoFi conducts a soft credit inquiry. Unlike hard credit inquiries, soft credit inquiries (or soft credit pulls) do not impact your credit score. Soft credit inquiries allow SoFi to show you what rates and terms SoFi can offer you up front. After seeing your rates, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit inquiry. Hard credit inquiries (or hard credit pulls) are required for SoFi to be able to issue you a loan. In addition to requiring your explicit permission, these credit pulls may impact your credit score.

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