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for your financial moves.

Aug
29
2023

AW Refinance Template 500

By | Uncategorized | Comments Off on AW Refinance Template 500


Refinance Student Loans

Limited time, exclusive offer!
Refinance your student loans‡ and you could save
thousands—plus get a $500 welcome bonus.^

Fixed interest rates start at just 4.24% APR (with autopay)* plus
get additional bonuses through SoFi at Work. Use this page to
get started. Hurry—welcome bonus offer ends 3/31/24.


View your rate




BTW it’s a soft inquiry, so it won’t affect your credit score.†

Don’t miss out! Refinance now before rates go up.

Choose from low fixed or variable rates.

Fixed

4.24%–9.99% APR*
with autopay

Variable

5.99%–9.99% APR*
with autopay



See payment examples

Why SoFi?


View your rate

Serious savings

Save thousands of dollars thanks to flexible terms and low fixed or variable rates.

Fast, easy, and all online

Simple online application and access to live customer support 7 days a week.

No fees, no catch

No application or origination fees. No pre-payment penalties.

Access to member benefits

SoFi members get financial advice and more—all at no cost.


View your rate

We know student loans.

$47 billion+
in refinanced student loans

550,000+
members have refinanced their student loans

98%
of surveyed members would recommend SoFi to a friend 3

How it works

Get pre-qualified online.

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

Select your rate and term.

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

Get your new loan.

Upload screenshots of your information, then sign your paperwork electronically. Then we’ll pay off your servicer(s) and issue you one new student loan.


View your rate

FAQs



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.



Can I refinance both federal and private student loans?


Yes, SoFi will consolidate all qualified education loans.



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.



What is the difference between consolidating and refinancing?


Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more about student loan consolidation vs refinancing.



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

Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.

Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed-rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating-rate loans.

Find more info on Fixed vs. Variable Rate Loans.




Where can I find more information about student loans in general?


Deciding how to best handle your student loan obligations can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.


See all FAQs

More student loan refi resources







View your rate in just two minutes.


View your rate

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Aug
23
2023

SoFiatWork Student Debt Guide

By | 1_Web_AtWork | Comments Off on SoFiatWork Student Debt Guide


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

Read more
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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 other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. 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, evaluation of your creditworthiness, years of professional experience, income, and a variety of 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, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, 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 pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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