SoFi Blog

Tips and news—
for your financial moves.

Student Loan Refinance – Affiliates

Refinance Student Loans

Save thousands
on your student loans.

Find My Rate

Checking your rate will not affect your credit score.

SoFi is a leading student loan
refinancing provider.

$50 billion+
in refinanced student loans
13.7M
members who’ve refinanced
98%
would recommend SoFi to a friend3.

Pick the loan that works for you.

Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.

Fixed Rate

Rates available from 4.24% APR to 9.99% APR when you enroll in AutoPay.1

Variable Rate

Rates start from 5.99% APR to 9.99% APR when you enroll in AutoPay.1

Investing in people who
invest in themselves.

How it works:

The student loan refinancing process is fast, easy, and can be done entirely online.

New Term

APR

5-year

4.03%

7-year

4.57%

10-year

4.98%

View Payment Examples
SoFi offers a range of terms and rates—so yours are going to look different from this illustrative chart, which is just something designed to show you what the SoFi app looks like.

Get pre-approved online in just two minutes.

We’ll let you know if you’re qualified before you finish the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Verify your info and sign.

Upload screenshots of your information, then sign your paperwork electronically.

Switch to one low-rate monthly payment.

We pay off your servicer(s) and issue you one new student loan.

Find my rate

It takes only two minutes and
won’t affect your credit score.

Common questions

Q: Who should refinance?

+

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.

Q: Can I refinance both federal and private student loans?

+

Yes, SoFi will consolidate all qualified education loans.

Q: Am I a good candidate to refinance my student loans with SoFi?

+

SoFi aims to revolutionize financial services- ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

Q: What is the difference between consolidating and refinancing?

+

Q: What is a direct consolidation loan?

+

A Direct Consolidation Loan is a government program that allows you to combine multiple federal education loans into a single loan. The resulting interest rate is a weighted average of your prior loan rates. Refer to https://www.sofi.com/consolidate-student-loans-vs-refinance/ for more information.

Q: What’s the difference between fixed and variable rate loans?

+

See FAQs

SoFi in the news

CNN Money

“This lender offers free drinks, yoga, and matchmaking with its loans.”

Read More

NYT

“SoFi [also] provides career counseling, wine tastings and home-buying workshops.”

Read More

Get started
in minutes.

Speed matters. Which is why you can check loan rates or start investing online—in just minutes.

Find my rate

Read more

Student Loan Refinance – Credit Karma

Refinance Student Loans

Save thousands on your student loans.

Find My Rate

Checking your rate will not affect your credit score.

SoFi is a leading student loan
refinancing provider.

$50 billion+
in refinanced student loans
582,000+
members who’ve refinanced
98%
would recommend SoFi to a friend4.

Pick the loan that works for you.

Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.

Fixed Rate

Rates available from 4.24% APR to 9.99% APR when you enroll in AutoPay.1

Variable Rate

Rates start from 5.99% APR to 9.99% APR when you enroll in AutoPay.1

Investing in people who
invest in themselves.

How it works:

The student loan refinancing process is fast, easy, and can be done entirely online.

New Term

APR

Illustrative
Lifetime Savings

5-year

4.03%

$13,680

7-year

4.57%

$16,963

10-year

4.98%

$15,511

View Payment Examples
SoFi offers a range of terms and rates—so yours are going to look different from this illustrative chart, which is just something designed to show you what the SoFi app looks like.

Get pre-approved online in just two minutes.

We’ll let you know if you’re qualified before you finish the full application.

Select your rate and term.

Choose between saving on your monthly payment or saving on total student loan interest.

Verify your info and sign.

Upload screenshots of your information, then sign your paperwork electronically.

Switch to one low-rate monthly payment.

We pay off your servicer(s) and issue you one new student loan.

Find my rate

It takes only two minutes and
won’t affect your credit score.

Common questions

Q: Who should refinance?

+

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.

Q: Can I refinance both federal and private student loans?

+

Yes, SoFi will consolidate all qualified education loans.

Q: Am I a good candidate to refinance my student loans with SoFi?

+

SoFi aims to revolutionize financial services- ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

Q: What is the difference between consolidating and refinancing?

+

Q: What is a direct consolidation loan?

+

A Direct Consolidation Loan is a government program that allows you to combine multiple federal education loans into a single loan. The resulting interest rate is a weighted average of your prior loan rates. Refer to https://www.sofi.com/consolidate-student-loans-vs-refinance/ for more information.

Q: What’s the difference between fixed and variable rate loans?

+

See FAQs

SoFi in the news

CNN Money

“This lender offers free drinks, yoga, and matchmaking with its loans.”

Read More

NYT

“SoFi [also] provides career counseling, wine tastings and home-buying workshops.”

Read More

Get started
in minutes.

Speed matters. Which is why you can check loan rates or start investing online—in just minutes.

Find my rate

Read more

Our Entrepreneur Program Welcomes Its 2018 Class

We are excited to announce the 2018 class of SoFi Entrepreneurs! These ten companies stood out amongst the hundreds of incredible applications we received, representing a diverse set of industries, backgrounds, and big problems they’re trying to solve. We are excited to ride shotgun and help them all navigate their entrepreneurial journeys. Over the next ten months, we’ll devote our coaching and resources to helping each of these ten companies get off the ground, culminating in our Demo Day in October:

Read more

Accessibility

Accessibility Statement for Social Finance, Inc

In accordance with the Americans with Disabilities Act (ADA), Social Finance, LLC (SoFi) is committed to providing accessible products and services to our clients and the public, regardless of disability status. Please contact us at (855) 456-7634 or [email protected] to learn more about accessibility support services at SoFi.

SoFi welcomes relay calls.

Reasonable Accommodations

Individuals with a disability who need a reasonable accommodation to access SoFi’s products and services should send an email to [email protected] or call us at (855) 456-7634 to provide the date on which the reasonable accommodation is needed and information about the nature of the requested accommodation. Requesters should include contact information such as an email address or telephone number at which they can be reached. Depending on the nature of the request, SoFi may need sufficient notice to provide a reasonable accommodation.

Online Accessibility

We value digital inclusion. In our effort to provide a fully accessible and optimized user experience for all site visitors, Social Finance, LLC has taken careful measures to ensure a quality user experience, regardless of the assistive technology being used to access this site or the specific abilities of those individuals seeking access to this site. Features to provide an accessible user experience include:

  • Text alternatives for non-text content
  • Functionality of content through a keyboard interface
  • Utilizing headings or labels to describe topics or purpose

In the event that a user with a disability experiences accessibility issues with our website, please notify us by sending an email to [email protected] or calling us at (855) 456-7634. In your communication to us, please specify the nature of the accessibility difficulty, including the web address that may have presented an accessibility challenge.

In addition to the above-mentioned techniques and strategies – and since not all site visitors have access to assistive tools such as screen readers – we will be providing free Web Enhancement Tools that allow site visitors to customize their user experience in the upcoming weeks. Turn AudioEye On to enable the AudioEye Ally Toolbar.  AudioEye is a third party provider of Web Accessibility testing and monitoring.  The Ally Toolbar provides users with AudioEye Accessibility tools tailored to their assistive needs.

Third-Party Websites

SoFi’s website contains links to webpages hosted by third parties. SoFi does not make representations with regard to the accessibility of third-party websites and is not able to remediate accessibility barriers on such websites.

Feedback

We are always working to ensure that our products and services are accessible to all clients and the public, including individuals with disabilities. If you have an idea or question about ADA accessibility support services at SoFi, please contact us at (855) 456-7634 or [email protected].


Read more

6 Last-Minute Tax Tips That Could Save You Money in 2017

By John Foley, CFP®

As you’ve no doubt read in the news, the Tax Cuts and Jobs Act of 2017 is about to become law. And while the bill contains over 500 pages of changes to the tax rules for corporations, privately held businesses, and individuals, what you’re probably wondering most is: How will the tax plan affect me?

There are three big changes in the Tax Cuts and Jobs Act that will impact most individual taxpayers:

1) New income tax brackets with lower rates for most taxpayers

2) A higher standard deduction—$12,000 for single filers, $24,000 for married filing joint

3) A $10,000 limit on the combined deduction for state and local income and property tax (and that’s the same whether you’re single or married)

While you can’t change the rules, there are things you might be able to do to potentially lower your overall tax burden this year and next, namely, shifting certain deductions into 2017 and certain income into 2018. But the clock is ticking: These provisions are expected to go into effect on January 1, 2018, so December 31 is the last day you can do anything that impacts your 2017 taxes.

Here are a few important actions you could take before the new tax bill kicks in. Ask your tax preparer if they are right for you.

Read more
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