SoFi Blog

Tips and news—
for your financial moves.

Mar
09
2020

Student Loan Refinance Doctors – White Coat Investor

By | Uncategorized | Comments Off on Student Loan Refinance Doctors – White Coat Investor


Medical & dental resident student loan refinancing

Don’t let student debt slow you down.

$100 monthly payments. Low rates.

No compounding interest during residency.1


Checking your rate will not affect your credit score.✝

Partnered with

THE WHITECOAT INVESTER

THE WHITECOAT INVESETOR


Why refinance your student loans in residency?

One easy payment

If you have federal and private student loans, you can apply to consolidate them into one easy payment.

No compounding interest

Interest on your SoFi loan will not compound during residency. Plus, you can reduce your payment to just $100/month for up to four years.1
See payment examples.

Flexible rates and terms

Choose a repayment term and pick between a low fixed or variable interest rate based on your expected future income as a physician.


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 screenshots of your student loan statements, then sign your paperwork electronically.


FAQs

Read more
Mar
09
2020

Student Loan Refinance Affiliates – Nerdwallet

By | Uncategorized | Comments Off on Student Loan Refinance Affiliates – Nerdwallet

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.

$47 billion+
in refinanced student loans
12.6M
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

Find My Rate
Learn More

Investing in people who
invest in themselves.

Accelerate your
career

Take your career to the next level with expert guidance from SoFi Career Coaches.

Experience the
SoFi community

Our member events range from dinners and happy hours to panel sessions and networking opportunities.

Get exclusive member
rate discounts

Get a 0.125% rate discount on additional SoFi loans—just for being a member.✝✝

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?

+–

https://www.sofi.com/consolidate-student-loans-vs-refinance/

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?

+–

https://www.sofi.com/fixed-vs-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

See more news

Get started
in minutes.

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

Find my rate




Trustpilot

Read more
Mar
09
2020

Medical Resident Refinance – Student Loan Hero

By | student_loan | Comments Off on Medical Resident Refinance – Student Loan Hero


Medical & dental resident student loan refinancing

Don’t let student debt slow you down.

$100 monthly payments. Low rates.

No compounding interest during residency.1


Checking your rate will not affect your credit score.✝


Why refinance your student loans in residency?

One easy payment

If you have federal and private student loans, you can apply to consolidate them into one easy payment.

No compounding interest

Interest on your SoFi loan will not compound during residency. Plus, you can reduce your payment to just $100/month for up to four years.1
See payment examples.

Flexible rates and terms

Choose a repayment term and pick between a low fixed or variable interest rate based on your expected future income as a physician.


Choose from low fixed or variable rates.

Fixed Rate

6.14%–9.84% APR*

with autopay

Variable Rate

6.14%–9.84% APR*

with autopay



Not sure which to choose?

Learn more. →


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 screenshots of your student loan statements, then sign your paperwork electronically.


FAQs













Find your rate in just two minutes.

Read more
Feb
25
2020
golden gate bridge

California AB-5 Law Dictates Gig Economy Workers Must Be Treated as Employees

By | Career | Comments Off on California AB-5 Law Dictates Gig Economy Workers Must Be Treated as Employees
In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

The gig economy has been on the rise for a while now, altering the way people find and perform an increasing number of jobs—from ride-sharing to delivering groceries to consulting on high-level projects.

And as the app-based and online technology that simplifies those transactions evolves—matching workers with the businesses and consumers who need their services—the trend is expected to continue.

But there have been growing pains. Some gig workers and their supporters have raised questions about basic protections and benefits they’ve lost out on because they’re considered independent contractors instead of employees, including overtime pay, paid sick days, and worker’s compensation insurance.

Others say the flexibility many independent workers enjoy can translate to job volatility for those who participate in what the US Bureau of Labor Statistics calls “electronically mediated employment ,” especially those who drive for a living.

Now it seems their voices were heard, at least in California, where a groundbreaking law signed by Governor Gavin Newsom in September went into effect January 1, 2020. The law is expected to change the way employers treat certain nontraditional workers, but it has seen a lot of push back from companies.

Read more
Feb
20
2020
US flag with podium

Impacts of Wednesday’s Democratic Party Presidential Debate

By | Money | Comments Off on Impacts of Wednesday’s Democratic Party Presidential Debate

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.



The ninth Democratic party primary debate took place in Las Vegas Wednesday night, giving six candidates the chance to speak before the Nevada Democratic caucus on Saturday, February 22nd.

Primary elections had already occurred in Iowa and New Hampshire. The Associated Press was unable to declare an official winner in Iowa, but Bernie Sanders and Pete Buttigieg split the delegates, with Sanders taking the popular vote. Sanders won the New Hampshire primary election, making him the frontrunner before Wednesday’s debate.

Read more
SoFi Daily

Stay up to date on the latest business news and stock market happenings.

Learn more

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 .
©2025 Social Finance, LLC All rights reserved.
TLS 1.2 Encrypted
Equal Housing Lender