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Learning that you are eligible for a tax refund can be a welcome surprise. Or maybe it’s something you’ve been hoping (or even waiting for) for months.

If you have any pressing expenses — maybe you’re behind on a few bills or have been putting off going to the dentist because of the cost — you may be wondering how you might be able to get that money into your hands ASAP.

Fortunately, there are a few simple things any taxpayer can do to help ensure that their refund comes quickly.

This includes e-filing with the IRS (rather than physically mailing in your return) and setting up direct deposit, so there’s no waiting for that refund check to come through the mail.

Read on to learn more about getting your tax refund sooner, including:

•   How to plan your tax return filing

•   How to file electronically

•   How to set up direct deposit

•   How to track your refund

Quickest Ways to Get Your Tax Refund

Here are some key steps you may want to take as tax season gets underway, starting well before Tax Day in April. They’ll help ensure that you get your refund ASAP.

1. Start Planning Your Tax Return Filing in January

In general, the fastest way to get your tax refund is to file your taxes early, and you certainly don’t want to miss that tax-filing deadline.

This means that, starting in January, you may want to begin collecting all the necessary information for filling out your tax forms, such as your W-2 and any 1099s. You’ll also likely need to decide whether you are going to file on your own (perhaps using tax software) or hire a tax preparation service or accountant to help.

2. Get Your Return in ASAP

The further into tax season that you file, the more likely the IRS is to be inundated with returns. That can slow processing times, which can delay your refund.

If you followed Step 1, above, then you’ll have your documentation organized. All of the forms you need should be issued by January 31.

If you prefer working with a professional tax preparer, it’s wise to book them in advance, since they’ll likely be very busy with other clients. If you plan to use tax software, buy it early and learn how to use it. You’ll be ready to be one of the first filers out of the starting gate.

3. File Your Tax Return Electronically

One of the fastest ways to get your refund can be to choose electronic filing instead of sending your return by mail.

That way, your refund can begin moving through the system immediately, rather than having to wind its way through snail mail and hands-on processing.

A paper tax return can take about six to eight weeks to process, but with electronic filing, or e-filing, taxpayers can typically expect to receive their refund within 21 days. Your tax preparer will usually offer ways for you to file electronically.

Taxpayers can also use tax preparation software such as TurboTax, TaxSlayer, TaxAct, or H&R Block. You can use these programs to file your taxes yourself, or you might go to a professional who knows how to use this type of software. Either way, electronic filing is probably an option.

4. Get Help Filing Your Return Quickly

But what if you don’t have funds for tax help and are feeling overwhelmed by the process and therefore don’t file right away? Fortunately, help is available. The Internal Revenue Service (IRS) offers a few options for
e-filing which can help you get this task completed.

If taxpayers make an adjusted gross income (AGI) of $89,000 or less per year, then they can use IRS Free File to turn in their tax forms.

For taxpayers whose AGI is greater than $89,000, they can use the IRS’s Free File Fillable Forms service, which lets you simply input your data onto your tax forms so you can e-file (if you choose this option, you’ll need to know how to prepare your own tax return).

The IRS Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) programs also provide help and e-file for taxpayers who qualify.

Many states also offer free e-filing options for state returns.

The IRS has a helpful tool on their website where taxpayers can find an authorized IRS e-file Provider
Locator . All taxpayers have to do is input their zip code and choose what kind of provider they need.

5. Set Up Direct Deposit

How else to get your refund fast? The speediest way to get your tax refund is to have it electronically deposited into your financial account. This is known as direct deposit, and the service is free. It’s also possible to break up your refund and have it deposited into one, two, or even three accounts.

You can set up direct deposit simply by selecting it as your refund method through your tax software and then inputting your account number and routing number (which you can find on your personal checks or through your financial institution).

Or, you can tell your tax preparer that you want direct deposit.

It’s also possible to select direct deposit if you’re filing by paper and sending your return through the mail (you may want to double check to make sure you didn’t make any errors inputting your financial account information). But remember, paper returns tend to move through processing more slowly.

💡 Quick Tip: As opposed to a physical check that can take time to clear, you don’t have to wait days to access a direct deposit. Usually, you can use the money the day it is sent. What’s more, you don’t have to remember to go to the bank or use your app to deposit your check.

6. Open a Bank Account If You Don’t Have One

If you just read the step above and thought you can’t use direct deposit because you don’t have a bank account, this could be the moment to set one up. Perhaps you haven’t gotten around to opening a checking or savings account. Now is a great moment to open one. Many online banks can guide you through the application and opening process online, from your home, in a minimal amount of time. This can be an excellent move as you prepare for tax season.

If you were previously turned down for a bank account, you might want to look into what are known as second chance accounts. Offered by some banks and credit unions, these may not have all the features of conventional accounts, but they can give you a good landing pad for your tax refund via direct deposit.

Recommended: What Are the Different Types of Taxes?

When Can I Expect My Tax Refund?

As long as taxpayers have e-filed by the deadline and chosen direct deposit, then the refund should hit their account within three weeks. According to the IRS, nine out of 10 refunds arrive in less than 21 days. However, if you file a paper return, the timing will more likely be six to eight weeks.

And, remember, if you file later in the tax season, you might face processing delays. That’s because the volume of returns working their way through the IRS rises significantly. So being an early bird can be among the quickest ways to get your refund.

Recommended: What Is Income Tax Withholding?

Finding Out Where Your Refund Is

Once everything is filed, taxpayers can check their tax refund status on the IRS’s Where’s My Refund? page. This requires inputting your Social Security number, filing status, and the exact amount of the refund, which can be found on the tax forms that were submitted.

Can I Track the Status of My Tax Refund?

Taxpayers can check “Where’s My Refund?” starting 24 hours after e-filing.

The site is updated daily, usually at night. The IRS cautions that you may experience delays in getting your refund if you file by mail, or you are responding to a notice from the IRS.

If it’s been more than 21 days and you still haven’t received your refund, you can call the IRS at (800) 829-1040 for help. You may also want to contact the IRS if “Where’s My Refund?” instructs you to do so.

Can You Get Your Tax Refund Back the Same Day?

Unfortunately, there is currently no way to get a tax refund back the same day. The speediest timing tends to be closer to eight days from e-filing to direct deposit of a refund.

However, if taxpayers are in a bind, some tax preparation services offer 0% interest tax-refund loans. Tax-refund loans, also called “refund advances,” allow you to access your refund early, but you may want to keep in mind that tax preparers typically charge fees for filing tax returns.

If you are paying a tax preparer just to get the advance, you’ll essentially be paying a company in order to access your refund. Consider these points:

•   Some providers may charge an additional fee for the advance service.

•   These short-term loans range from $200 to $4,000. In some cases, there may be a minimum amount your refund must meet in order to qualify for a refund advance (how much can vary from one company to another).

•   You may only get part of your expected refund in advance.

•   Some companies may offer to give you a prepaid card with the loan amount on it within 24 hours.

•   Once your tax refund is issued, the tax preparer will typically deduct the loan amount from your refund.

Also be aware that you may be offered this kind of quick cash from other non-bank lenders with significant fees. Proceed with caution.

If you’d rather not pay any fees, however, you may also want to look into other options.

•   If you have bills that are due, it may be worth calling up your providers or credit card companies to see if they can extend their due date while you are waiting for your refund.

•   You might open a 0% interest credit card, such as a balance transfer one, and charge an urgent expense on that card and then pay it off as soon as the refund comes in.

What’s the Best Way to Spend Your Tax Refund?

Finally! Your tax refund has arrived. You may wonder about the best way to use the funds. Yes, it can be tempting to splurge on a weekend away or those new boots you’ve had your eye on, but consider this financially-savvy advice first:

•   If you are carrying any high-interest debt, one smart move might be to put your tax refund towards minimizing the debt or, if possible, wiping it out all together. Doing this can help you avoid spending more money on interest charges. It may also help boost your credit score, which may help you qualify for loans and credit cards with lower interest rates in the future.

•   Or you might consider using your tax refund to jump-start one of your current savings goals, such as building up an emergency fund, a downpayment on a home, or buying a new car.

For an emergency fund or savings goals you hope to accomplish within the next few years, you may want to put your refund in a high-yield savings account. These options typically offer a higher return than a traditional savings account but allow you easy access to your money when you need it.

•   Your tax refund can also help you start saving for the longer term, such as retirement or paying for a child’s education. Using a tax refund to buy investments can help you create additional wealth over time to help fund these far-future goals.

The Takeaway

To get your tax refund as quickly as possible, it’s a good idea to file early, and, if possible, avoid the mail. That means filing electronically (using the IRS’s free service or tax software, or hiring a tax pro) and signing up for direct deposit when you file.

It’s also wise to keep track of your refund on the IRS site and reach out to the agency if you haven’t received your refund within three weeks.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with eligible direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

How can I receive my tax refund sooner?

To receive your tax refund as soon as possible (which typically means within three weeks of filing), file electronically and request that the refund be paid by direct deposit.

Is direct deposit faster than mail for tax refunds?

Direct deposit will typically save time versus a check sent by mail in terms of tax refunds. If you file your return electronically too, you’ll likely have the shortest possible time from finishing your return to receiving funds that are due to you.

When should you start planning to file your tax return?

Tax season begins in January, with the forms you need having to be sent by January 31. It’s wise to start getting organized as soon as possible in the New Year to get your return done. If you work with a professional tax preparer, you might want to book them even earlier since January through April will be their busy season.

About the author

Kylie Ora Lobell

Kylie Ora Lobell is a personal finance writer who covers topics such as credit cards, loans, investing, and budgeting. She has worked for major brands such as Mastercard and Visa, and her work has been featured by MoneyGeek, Slickdeals, TaxAct, and LegalZoom. Read full bio.

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 12/23/25. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet

Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility.

See additional details at https://www.sofi.com/legal/banking-rate-sheet.
SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

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CN-Q425-3236452-130

If you have student loans, you may sometimes see the total loan balance go up, due to such factors as the interest you owe, your repayment term, or loan fees.

Whether your student loans are in a period of deferment or you’ve working to make payments every month, it can be frustrating to see your balance increase instead of go down.

To discover why this happens and what to do about it, read on. You’ll learn what increases your total loan balance, ways to reduce it, and repayment options that may help.

Understanding Loan Balances

The way student loans work is that when you first take out a loan for your education, your loan balance is the amount you borrowed. However, that loan balance can increase or decrease depending on your payments, interest charges, and fees.

Principal vs. Interest Explained

A student loan typically consists of principal plus interest. The loan principal is the amount you originally borrowed. If you took out a $25,000 student loan to pay for school, your principal amount is $25,000.

Interest is the cost of borrowing money, and it is part of what you owe on your student loan balance. Federal Direct loans for undergraduates disbursed on or after July 1, 2025 and before July 1, 2026, have fixed interest rates of 6.39%, while Direct Unsubsidized Loans for graduate or professional students have a fixed rate of 7.94%. Direct PLUS loans for parents and graduates and professional students have a rate of 8.94%.

The rates on private student loans vary, but as of December 2025, they ranged from 3.18% to 15.99% or more, depending on such factors as your credit and the lender you choose. Private student loan rates may be fixed or variable. If your rates are variable, meaning they fluctuate with market conditions, it can be quite challenging to predict exactly how your loan balance will change over time.

When you sign into your student loan account, your loan balance is the total amount you currently owe on your loan.

Recommended: Student Loan APR vs. Interest Rate

Capitalization of Interest and How It Works

In some circumstances, unpaid interest on your loan capitalizes, or gets added onto, your principal balance. Then you end up paying interest on top of interest, which is what increases your total loan balance — and potentially your monthly payment as well.

Here’s how capitalization works: Interest accrues on your student loans even at times you’re not responsible for paying it, such as the six-month grace period after graduation or during student loan deferment. If you have unsubsidized Direct loans or Direct PLUS loans, the unpaid interest that accrued during these times is added to your loan principle. The principle is then higher and you pay interest on the new larger amount.

Factors that Contribute to Increased Loan Balances

Whether you’re in a period of deferment or active repayment, you probably don’t expect your student loan balance to be increasing over time. Unfortunately, there are various circumstances that can cause your federal student loan balance to increase, such as the ones below.

Accrued Interest

Most loans, with the exception of Direct Subsidized Loans, start accruing interest immediately from the date of disbursement. If you borrowed as a freshman in college and deferred payments the entire time you were in school and for the six-month grace period after graduation, your loan balance could significantly increase after four and a half years of nonpayment.

Loan Forbearance or Deferment

It’s possible to temporarily postpone payments through student loan deferment or forbearance if you go back to school, encounter financial hardship, or have another qualifying reason. Most loans accrue interest during this time, however, causing your loan balance to grow. The only exception is Direct Subsidized Loans, which don’t accrue interest during periods of deferment. In forbearance, all loan types accrue interest.

Missed or Late Payments

If you make late payments, or you miss payments on your student loans, the ramifications can be serious. For one thing, you’ll likely be charged late fees and penalties, increasing the amount you owe. Also, your federal loan will be considered delinquent after just one missed payment. And after approximately 90 days of missed payments, your loan servicer will report the delinquency to the credit bureaus, which can then negatively impact your credit score.

After 270 days of missed payments, your loan goes into default. At that point, the government can take a portion of your wages or seize your tax refund, and the debt you owe may be sent to a collection agency. A default stays on your credit report for seven years, which can severely damage your credit.

Negative Amortization

If your monthly payments are less than the interest you’re charged (meaning you’re not paying off your interest each month), this is known as negative amortization. The interest charges will then be added to the amount you owe, causing your loan amount to grow over time.

Negative amortization can happen under income-driven repayment (IDR) plans if your payments are not big enough to cover the accruing interest each month.

Strategies for Managing and Reducing Loan Balances

Now that you know what increases your total student loan balance, these are some strategies you can consider for reducing it.

Making Extra Payments Toward Principal

Putting extra payments toward your loan balance can help you pay it down faster and save money on interest. Here’s how: Making extra payments can help you reduce your principal, which can help you save on interest over time.

So, if you get a windfall, such as a birthday gift, or you earn a little extra cash, putting that money toward your student loans could help you pay down your debt faster. Just be sure to tell your lender to direct the extra payment toward your loan principal, which can help you shrink the balance.

Enrolling in Autopay for Interest Rate Discounts

When you set up automatic payments for your federal student loans from your bank account, you’ll save 0.25% on your interest rate. Many private lenders also offer a 0.25% rate discount for using autopay. Besides the savings, autopay helps ensure your payment will be consistent and on time.

Avoiding Missed Payments Through Budgeting

Making your monthly payments by the due date will help you avoid late fees and penalties. One way to do this is to create a budget that factors in your student loans.

To make a budget, calculate your monthly income, including paychecks from your regular job plus anything you earn from a side hustle, and then make a list of all your monthly expenses, including your student loans. If your expenses are greater than your income, see where you can cut back. Perhaps you can eliminate a streaming service or two, and bring lunch from home rather than buying it every day. Creating room in your budget and then sticking to that plan, can help you make your loan payments so you won’t fall behind and end up owing more.

Long-Term Financial Impact of Growing Loan Balances

A growing student loan balance is not only stressful, but it can also harm your overall financial health.

Effects on Total Repayment Amount

The total repayment amount of your loan can increase over time for reasons that include missed or late payments that result in late fees and penalties being added to what you owe, failing to keep up with accruing interest on your loan, and deferring your student loan payments, which can result in interest capitalization, significantly increasing the amount you owe. The more your debt grows, the harder it becomes to pay off.

Impact on Credit Score and Future Borrowing

A large student loan balance can also negatively impact your credit. The amount of debt you have makes up 30% of your FICO® credit score. Owing a sizable amount of debt can drag down your score, making it difficult to qualify for new loans or credit cards or get affordable rates. Plus, a high debt load increases your debt-to-income ratio (or DTI), and lenders prefer a DTI under 36%.

Tips for Preventing Loan Balance Increases

To keep your balance from increasing, make sure you understand how your student loans work — including the interest rate on the loans and when you need to start paying them back — and then review the different options for repaying them.

Choose the Right Repayment Plan

Before picking a repayment plan, make sure you understand how it will impact your loan balance and overall costs. A longer plan can reduce your monthly payments, but it tends to increase the amount of interest you pay over the loan’s term.

For example, if you have federal student loans, sticking with the Standard Repayment Plan will help you pay off your balance in 10 years, assuming you don’t use deferment or forbearance during that time. However, your monthly payments will be higher than they would be on other plans.

On the other hand, the Extended Repayment Plan lets you stretch out your repayment period for a longer term, which can lower your monthly balance but increase the amount you pay overall.

There are also income-driven repayment plans that typically lower the amount you owe each month (read more about how these plans work below).

Stay Informed About Loan Terms and Changes

Make sure you understand the terms and conditions of your loans. Look over your loan agreement to see what your interest rate is, how much you owe, and how long you have to repay your loans. If you have any questions, contact your loan servicer.

Also, check to see how your interest accrues. If your loan accrues interest right away, consider making interest-only payments while you’re in school to prevent your balance from rising.

Navigating Loan Repayment Options

Borrowers with federal student loans currently have repayment plans to choose from that could potentially reduce their student loan payments, such as income-driven repayment, as well as repayment alternatives like refinancing.

Income-Driven Repayment Plans

Income-Driven Repayment plans base your monthly federal loan payments on your discretionary income and family size and extend your loan term to 20 or 25 years. These plans can make your monthly payments more affordable. But you may pay more interest overall on an IDR plan.

There are currently three IDR plans — the Income-Based Repayment (IBR) Plan, the Pay As You Earn (PAYE) Plan, and the Income-Contingent Repayment (ICR) Plan. On the IBR plan, any remaining balance on your loans is forgiven when your repayment term ends.

However, as part of the Trump administration’s One Big Beautiful Bill, changes are coming to IDR plans. In July 2027, most of the current IDR plans, except IBR, will no longer accept new enrollees.

In July 2026, a new plan will be introduced, called the Repayment Assistance Plan (RAP), that bases payments on borrowers’ adjusted gross income (AGI). (This and a revised version of the Standard Repayment Plan will be the only repayment plans available to new loan borrowers as of July 1, 2026.)

Under RAP, depending on their income, a borrower would pay 1% to 10% of their AGI over a term that spans up to 30 years. If they still owe money after 30 years, the rest will be forgiven. The government will cover unpaid interest from month to month. However, a borrower on RAP could end up paying more interest over the life of the loan due to the longer repayment term.

Refinancing to a Lower Interest Rate

If you have good credit (or a creditworthy cosigner), another option you might consider is to refinance student loans for a lower interest rate and new repayment terms. With refinancing, you exchange your current student loans for a new loan from a private lender.

Some potential advantages of refinancing student loans may include lowering your monthly payment, saving money over the life of the loan, and/or paying off your balance faster. A student loan refinancing calculator can help you see how much you might save.

However, it’s important to keep in mind that refinancing federal loans means you forfeit access to federal benefits and protections, including federal student loan forgiveness programs. Also, if you refinance for an extended term, you may pay more interest over the life of the loan. For these reasons, refinancing student loans requires careful thought to decide if this is the right next step for you.

The Takeaway

Student loan debt can be stressful, and seeing your loan balance rise can add to this situation. Understanding what increases your student loan balance (such as your interest rate, loan fees, and repayment plan) can help you avoid paying more than you need to on your debt.

Everyone’s situation is unique, so consider your budget, financial goals, and any plans for loan forgiveness when choosing a repayment strategy. You may find that changing your federal loan repayment plan or refinancing your existing loans might help you better manage your student loan debt.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

FAQ

What causes student loan balances to grow over time?

Some of the factors that can cause student loan balances to grow over time include interest that accrues; capitalization, which is when unpaid interest is added to your loan balance in certain situations, such as at the end of student loan deferment or when your six-month grace period after graduation ends; and fees and penalties due to late or missed student loan payments that are added to what you owe.

How does interest capitalization increase your loan balance?

Interest capitalization increases your loan balance because the interest that accrues during certain situations, such as student loan deferment, is added to your principal balance, making the balance bigger. You then owe interest on the new bigger balance, increasing the amount you’ll pay over time.

Can deferment or forbearance make your loan more expensive?

Yes, deferment and forbearance can make your loan more expensive over time. If you have unsubsidized federal loans or Direct PLUS loans, for example, the interest on your loans accrues while you’re in deferment, making your total loan balance bigger. (If you have subsidized federal loans, the interest does not accrue during deferment.) In forbearance, interest accrues on all types of federal loans, and the interest is typically added to the loan balance, meaning you’ll pay more over the life of the loan.

What are the best ways to lower your total loan balance?

Some ways to lower your student loan balance include making extra payments toward the principal on your student loans; paying the interest that accrues while you’re in school, during the six-month grace period after graduation, or during deferment; and setting up automatic payments for your loans to ensure that your payments are consistent and on time (as a bonus, you’ll typically get a $0.25% discount on your interest rate when you set up autopay).

Will refinancing help reduce my loan balance faster?

Refinancing might help you lower your student loan balance, but it depends on your specific situation. For example, if you qualify for a lower interest rate when you refinance, your monthly payments may be lower, which might help you to repay your loans faster. You might also be able to shorten your loan term through refinancing and pay off your loan more quickly.

Photo credit: iStock/:Olemedia

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

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