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SoFi Blog
Tips and news—
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08
2021
Refinancing for Lawyers and MBAs | SoFi
Refinance your Law School
& MBA loans. Smart move.
You could save thousands when you refinance your student loans.
View your rate
Checking your rate will not affect your credit score.
Received a mailer from
us?
>
Enter confirmation #
Choose from competitive fixed or variable rates.
Refinance your student loans, and you could lower your monthly payment or lower your interest rate.
See payment examples.
5-year fixed rate
4.24% – 8.45% APR1
with all discounts
7-year fixed rate
4.72% – 8.77% APR1
with all discounts
10-year fixed rate
5.02% – 8.82% APR1
with all discounts
15-year fixed rate
5.28% – 8.87% APR1
with all discounts
20-year fixed rate
5.52% – 9.99% APR1
with all discounts
5-20-year variable rates
5.99%–9.99% APR1
with all discounts
An easy choice.
“When I researched refinancing my student loan, all the positive reviews made choosing SoFi a no-brainer.”
– Sandra S., SoFi member.
Surprisingly simple.
“I remember being so surprised about how easy it was to apply, get a decision, receive updates, and confirm funding.”
– Sandra S., SoFi member.
Simplify my finances.
“I decided to refinance after paying way too much in interest. SoFi had competitive rates and consolidated my loans into one manageable payment.”
– Joanna K., SoFi member.
Values first.
“I chose SoFi because of its values, specifically for putting members first.”
– Joanna K., SoFi member.
The savings and experiences of members herein may not be representative of the experiences of all members. Savings are not guaranteed and will vary based on your unique situation and other factors.
Why refinance your business and law school student loans with SoFi?
View your rate
Competitive rates
Low fixed and variable rates could save you thousands over the life of your loan.
No fees required
No application or origination fees. No early prepayment fees, either.
Flexible repayment
Refinance into a shorter term and save in interest or use a longer term to lower your monthly payment.
Member benefits
Access to exclusive SoFi member benefits, financial planning, and live events.
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.
Compare the plans available to you with a choice of rates and terms.
Verify your info and sign.
Upload a screenshot of your student loan statement then sign your paperwork electronically.
View your rate
Let’s find a loan that fits you.
Take a short quiz for a recommendation on a loan that meets your money needs now.
More articles and resources
Law School & MBA Loan Refinancing FAQs
Yes, graduate student loans, including those used to pay for law school or MBA programs, may be eligible for refinancing with private lenders like SoFi. By refinancing, you could potentially secure a lower interest rate or simplify repayment by combining multiple loans into one. Keep in mind that refinancing federal loans with a private lender means giving up federal protections such as income-driven repayment plans and forgiveness programs.
Some federal programs may offer loan forgiveness to graduate borrowers, depending on the type of loan and career path. For example, Public Service Loan Forgiveness (PSLF) may be available if you work in qualifying government or nonprofit roles and make the required number of qualifying payments. Private student loans are not eligible for federal forgiveness programs.
Yes, Grad PLUS Loans can be refinanced with private lenders such as SoFi. Refinancing may lower your interest rate or help you consolidate multiple loans. However, once refinanced, your Grad PLUS Loan becomes a private loan and you will lose access to federal benefits such as deferment, forbearance, or forgiveness programs.
To refinance with SoFi, you will generally need to have graduated and be employed or have an employment offer. While enrolled in an MBA program, you likely will not be eligible to refinance. Once you graduate and meet SoFi’s eligibility requirements, you can apply.
Similar to MBA students, law students usually must wait until after graduation to refinance with SoFi. Once you have completed your degree and meet income and credit requirements, you could be eligible to refinance your loans.
Many borrowers consider refinancing MBA loans after graduation, once they have secured stable employment and a strong credit profile. Refinancing may be most beneficial if interest rates are lower than the rates on your existing loans or if you want to simplify repayment by consolidating multiple loans.
Refinancing law school loans can make sense after graduation when you are working and able to qualify for competitive rates. Borrowers often look to refinance if they want to reduce their monthly payments, lower their interest rate, or combine multiple loans into one. Timing is important, as refinancing federal loans will remove access to federal repayment options and protections.
Yes, with SoFi you can refinance both federal and private graduate school loans into a single new loan. This could make repayment more manageable and potentially lower your interest rate. Remember that refinancing federal loans with a private lender removes federal protections and forgiveness options.
See all FAQs
Find your rate in just minutes.
View your rate
2Fixed rates range from 4.24% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Unless required to be lower to comply with applicable law, Variable Interest rates will never exceed 13.95% (the maximum rate for these loans). SoFi rate ranges are current as of 12/15/25 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. You may pay more interest over the life of the loan if you refinance with an extended term.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly payments as outlined in your loan agreement by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. When the autopay interest rate deduction is added or removed, the next time the loan is re-amortized (quarterly for fixed rate loans; monthly for variable rate loans),the principal balance of your loan will be spread over the remaining loan term, and your monthly payment amount will change. This benefit is suspended during periods of deferment, grace period, or forbearance. Autopay is not required to receive a loan from SoFi.
SoFi Plus Discount: To be eligible to receive an additional (0.125%) interest rate reduction on your Student Loan Refinancing (your “Loan”) for enrolling in SoFi Plus, you must enroll in SoFi Plus within 30 days of Loan funding, either by receiving an Eligible Direct Deposit to your SoFi Checking and Savings account, or by paying the SoFi Plus Subscription Fee. Once eligible, you will receive this discount during periods in which you have received Eligible Direct Deposit to your SoFi Checking and Savings Account, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount lowers your interest rate but does not change the amount of your regular monthly payment. This discount will be removed during periods in which SoFi determines you have turned off Eligible Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. SoFi reserves the right to change or terminate this interest rate reduction offer for unenrolled participants at any time without notice. You are not required to enroll in Eligible Direct Deposit or to pay the SoFi Plus Subscription Fee to be eligible for Loan approval.
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 during a 30-Day Evaluation Period (as defined below). 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 receiving the Student Loan Refinance discount, we encourage you to check your SoFi Plus status in the Membership & Rewards Center the day after your Eligible Direct Deposit arrives. If your SoFi Plus status is not reflected in the Membership & Rewards Center, 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 receiving the Student Loan Refinance discount from the date you contact SoFi for the rest of the current 30-Day Evaluation Period. You will also be eligible for the Student Loan Refinance discount 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, 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. SoFi Bank shall, in its sole discretion, assess each account holder’s Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. SoFi Plus member benefits will be lost during periods in which the customer has turned off Eligible Direct Deposit into their account. If you are a joint account holder of a SoFi Checking and Savings account and either you or your joint account holder receives Eligible Direct Deposit into your SoFi Checking and Savings account, then you will be eligible for all SoFi Plus benefits, including on accounts you hold in your own name.
Apr
08
2021
Refinancing for Healthcare Student Loans | SoFi
Refinance Medical School Loans
Medical student loan refinance for doctors, dentists, and more.
✓ Rates starting at 4.12% APR*: Our lowest rates (with all discounts).
✓ Flexible rates and terms: Choose the options that work best for you.1
✓ Earn $1,000 per referral: You’ll each earn a $1,000 bonus2 when their loan funds.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
Rates start at just 4.24% 4.12% APR* for doctors and dentists
Rate includes all discounts.
View your rate
✓BTW, it’s a soft inquiry, so it won’t affect your credit score.†
Received a mailer from
us?
>
Enter confirmation #
We know medical school loan refinancing.
$4.43B+
in refinanced medical student loans
20,341
borrowers who have refinanced their med student debt with SoFi
4.2/5 stars
on Trustpilot
*4.2/5 star rating based on 10,308 reviews as of December 8, 2025. See trustpilot.com/review/sofi.com for more info.
Refinance medical school loans with low fixed or variable rates.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
Not sure which to choose?
Learn more.
Medical professionals deserve
extra-special care.
Doctors
SoFi is an industry-leading lender for doctors.
Our lowest rates start at just 4.12% APR* (with all discounts) for doctors with loan balances over $150K.
Doctors
SoFi is an industry-leading lender for doctors.
Our lowest rates start at just 4.12% APR* (with all discounts) for doctors with loan balances over $150K.
View your rate
Dentists
Our lowest rates will have you smiling ear to ear.
Dentists with loan balances over $150K can enjoy refinance rates starting at 4.12% APR* (with all discounts). Open up and say, “Wow!”
Dentists
Our lowest rates will have you smiling ear to ear.
Dentists with loan balances over $150K can enjoy refinance rates starting at 4.12% APR* (with all discounts). Open up and say, “Wow!”
View your rate
Residents
Medical and dental residents can pay just $100 monthly.3
Make manageable payments on your student loans in residency so you can keep your focus on your program.
Residents
Medical and dental residents can pay just $100 monthly.3
Make manageable payments on your student loans in residency so you can keep your focus on your program.
View your rate
Nurses
Nurses get quality care at SoFi.
Flexible med school refinancing options are available for nurse practitioners, RNs, and nurses with associate degrees.
Nurses
Nurses get quality care at SoFi.
Flexible med school refinancing options are available for nurse practitioners, RNs, and nurses with associate degrees.
View my rate
©2017-2022 and TM, NerdWallet, Inc. All Rights Reserved.
Why refinance your medical student loans?
-
One easy payment
Medical student debt consolidation simplifies the repayment process by combining your loans into one monthly payment.
-
Flexible rates and terms
A refinanced med school loan means you can choose a repayment term and pick between a low fixed or variable interest rate based on your expected future income.
-
Earn $1,000 per referral
Once you refinance with SoFi, you’ll be able to invite other doctors, dentists, or residents to refi too—you’ll each earn a $1,000 bonus2 when their loan funds. Learn more.
View your rate
The average doctor
has
$241,600 in
student loans.
If the average percentage rate (APR) on those loans is 6.75% APR, that doctor could save $35,356 in interest if they qualify for and refinance into a 10 year fixed-rate loan with SoFi at 4.29% APR††
(with autopay).
Current
Loan
Amount
$241,600
Fixed Rate
6.75% APR
Term left
10 years
If refinanced with SoFi
Amount
$241,600
Fixed Rate
4.29% APR
Term left
10 years
Estimated savings with SoFi
$35,356
††Calculated payments example and savings are only estimates based on the following assumptions. This calculation assumes the borrower is refinancing a federal Grad PLUS loan with a 6.75% APR which is the average of Grad PLUS rates over the last 4 years. It assumes they are refinancing an average loan amount of $241,600 (medical)/$301,538 (dental) into a 10-year loan term with a fixed rate of 4.29% APR (with 0.25% autopay discount), and 120 total monthly payments of $2,480/$3,095. The SoFi APR is the average APR for borrowers who took out a student loan refinance loan from SoFi over the course of 2021-2022. Borrowers are not required to enroll in autopay. This calculation assumes the borrower made no payments during the current federal loan relief of 0% interest and no required payments which is set to expire on 8/31/22. When federal loan payments resume, this calculation assumes that the borrower’s federal monthly payment remains the same and the maturity date will be pushed out by the length of the federal loan relief. Any payments and savings may vary and will depend on the actual loan amounts and APR for which the borrower is approved.
Wondering how to refinance medical school loans?
Follow just three easy steps to get your medical student loans under control.
Get pre-qualified online.
Start by viewing your rate (it won’t
affect your credit score). We’ll let you know if you’re qualified before you complete your application.
Select your rate and term.
Compare the plans available to you with a choice of rates and terms.
Verify your info and sign.
Upload a screenshot of your student loan statement then sign your paperwork electronically.
View your rate
Let’s find a loan that fits you.
Take a short quiz for a recommendation on a loan that meets your money needs now.
Student debt guidance for you.
Student debt guidance for you.
Get guidance on a med school loan refinance from a SoFi Student Loan Specialist who can help you manage the complexities of student loan debt, increase cash flow—and much more.
We’re available:
Monday–Thursday, 5am–7pm PT
Friday–Sunday, 5am–5pm PT
Schedule now
Resources on medical school loan refinancing—and much more.
Medical School Loan Refinancing FAQs
Medical school graduates can refinance the student loans they used to pay for college or medical school. When you refinance, your student loans (including both federal and private student loans) are replaced with a new private student loan. Benefits of refinancing may include a lower interest rate, lower monthly payment, or the convenience of combining multiple loans into one. You may pay more interest over the life of the loan if you refinance with an extended term.
Yes, it’s possible to refinance your medical school student loans while you’re still in residency. You can find more information on medical resident refinancing here.
Yes. Many medical school graduates choose to refinance once they’ve completed their program and started earning an income. Refinancing can help simplify multiple loans into one and may reduce your interest rate, depending on your credit profile and income.
Refinancing can be a smart option for physicians with strong credit and stable income who want to lower their interest rate or pay off debt faster. However, refinancing through a private lender means you’ll lose access to federal benefits like income-driven repayment or potential forgiveness, so it’s important to consider all your options.
Yes, SoFi offers student loan refinancing for medical school graduates currently in residency or fellowship. You can find more information on medical resident refinancing here.
Upon completion or departure from your residency program, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule.
Yes. You can refinance multiple times if your financial situation improves or market rates decrease. Many medical professionals refinance again after completing residency or fellowship to secure a lower rate or shorter term.
SoFi offers an exclusive rate discount for doctors and dentists, in addition to no required fees and flexible repayment terms. Medical professionals can also access member benefits like financial planning and career coaching. Checking your rate takes just a few minutes and does not affect your credit score.†
See all FAQs
Ready for a med school loan refinance?
View your rate in minutes to get started.
View your rate
BTW it’s a soft inquiry, so it won’t affect your credit score.†
2Fixed rates range from 4.24% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with 0.25% autopay discount and 0.125% SoFi Plus discount. Unless required to be lower to comply with applicable law, Variable Interest rates will never exceed 13.95% (the maximum rate for these loans). SoFi rate ranges are current as of 12/15/25 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. You may pay more interest over the life of the loan if you refinance with an extended term.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly payments as outlined in your loan agreement by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. When the autopay interest rate deduction is added or removed, the next time the loan is re-amortized (quarterly for fixed rate loans; monthly for variable rate loans),the principal balance of your loan will be spread over the remaining loan term, and your monthly payment amount will change. This benefit is suspended during periods of deferment, grace period, or forbearance. Autopay is not required to receive a loan from SoFi.
SoFi Plus Discount: To be eligible to receive an additional (0.125%) interest rate reduction on your Student Loan Refinancing (your “Loan”) for enrolling in SoFi Plus, you must enroll in SoFi Plus within 30 days of Loan funding, either by receiving an Eligible Direct Deposit to your SoFi Checking and Savings account, or by paying the SoFi Plus Subscription Fee. Once eligible, you will receive this discount during periods in which you have received Eligible Direct Deposit to your SoFi Checking and Savings Account, or during periods in which SoFi successfully receives payment of the SoFi Plus Subscription Fee. This discount lowers your interest rate but does not change the amount of your regular monthly payment. This discount will be removed during periods in which SoFi determines you have turned off Eligible Direct Deposit to your Checking and Savings account or in which you have not paid the SoFi Plus Subscription Fee. SoFi reserves the right to change or terminate this interest rate reduction offer for unenrolled participants at any time without notice. You are not required to enroll in Eligible Direct Deposit or to pay the SoFi Plus Subscription Fee to be eligible for Loan approval.
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 during a 30-Day Evaluation Period (as defined below). 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 receiving the Student Loan Refinance discount, we encourage you to check your SoFi Plus status in the Membership & Rewards Center the day after your Eligible Direct Deposit arrives. If your SoFi Plus status is not reflected in the Membership & Rewards Center, 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 receiving the Student Loan Refinance discount from the date you contact SoFi for the rest of the current 30-Day Evaluation Period. You will also be eligible for the Student Loan Refinance discount 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, 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. SoFi Bank shall, in its sole discretion, assess each account holder’s Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or (ii) Banking > Checking > Current APY. SoFi Plus member benefits will be lost during periods in which the customer has turned off Eligible Direct Deposit into their account. If you are a joint account holder of a SoFi Checking and Savings account and either you or your joint account holder receives Eligible Direct Deposit into your SoFi Checking and Savings account, then you will be eligible for all SoFi Plus benefits, including on accounts you hold in your own name.
Apr
07
2021
Topps Goes Public Via SPAC Deal
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