Parent Plus Refinancing – MAIN PDP
PARENT PLUS LOAN REFINANCING
Refinancing your Parent PLUS loan
could save you money.
Refinance Parent PLUS loans you’ve taken on to fund your kid’s education. You could save thousands and pay off your Parent PLUS loans sooner.
View your rate
Checking your rate will not affect your credit score.
Received a mailer from
us?
>
Enter confirmation #
{/* Why refinance Parent PLUS loans with SoFi? */}
Why refinance Parent PLUS loans with SoFi?
Competitive fixed interest rates
Competitive fixed interest rates could help qualified borrowers save more over time, including a discount with autopay2.
Flexible terms
Pick the payment term that fits you best from our many options: 5, 7, 10, or 15 years.
Lower monthly payments
You could reduce your monthly payment with flexible terms, and keep more money each month for other goals.
No required fees, no catch
You could save more with no application fee, no prepayment fee, and no late fee.
View your rate
Checking your rate will not affect your credit score.
{/* Parent PLUS refinance terms that work for you. */}
Parent PLUS refinance terms that work for you.
Choose from competitive fixed or variable rates to make the right call for your refinance.
View your rate
Refinancing Parent PLUS loans for beginners.
What is a Parent PLUS loan?
Federally funded Direct PLUS loans, commonly called Parent PLUS loans, are taken out by parents to help dependent undergrads. When an undergraduate’s financial aid doesn’t meet the cost of attendance at a college or career school, parents may take out a Direct PLUS loan in their name to bridge the gap. Learn more.
Who should consider refinancing Parent PLUS loans?
Refinancing Parent PLUS loans could mean lower interest rates, flexible repayment options, or lower monthly payments. Just remember, you lose access to federal benefits when you refinance a federal student loan with Parent PLUS refinancing. Borrowers will need to meet credit and income requirements and other eligibility criteria.
Can I refinance my Parent PLUS loan in my child’s name?
Yes! Borrowers can refinance their Parent PLUS loan in their child’s name. The child will have to to go through the application process and be approved for the loan.
steps={[
{
description: (
),
img: {
alt: ‘get prepared for refinancing, step 1’,
src: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_1_Desktop%402x.png’,
srcSet: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_1_Mobile%402x.png 320w, https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_1_Desktop%402x.png 846w’
},
title: ‘Get prepared.’
},
{
   description: ‘Check your rate in minutes. See if you’re prequalified. Upload your loan info and sign your docs.’,
   img: {
    alt: ‘apply online, step 2’,
    src: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_2_Desktop%402x.png’,
    srcSet: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_2_Mobile%402x.png 320w, https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_2_Desktop%402x.png 846w’
   },
   title: ‘Apply online.’
  },
  {
   description: ‘SoFi pays off your other loans and consolidates them into a brand new private loan. BOOM.’,
   img: {
    alt: ‘start fresh with your new loan, step 3’,
    src: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_3_Desktop%402x.png’,
    srcSet: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_3_Mobile%402x.png 320w, https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/SLR24-2084205_Parent-PLUS-SEO-Page-Refresh_LP_Howto_3_Desktop%402x.png 846w’
   },
   title: ‘Start fresh with your new loan.’
  }
 ]}
 title={
}
/>
Â
Â
}
headingText=”See how much you could save.”
imgAlt=”loans calculator illustration”
imgSrc=”https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/pl-calculator.png”
/>
Parent PLUS loan refinance eligibility.
If you’re looking to refinance Parent PLUS loans, you probably know that there are basic requirements for income and credit quality. But you may not be familiar with other Parent PLUS loan refinance criteria. Have a look before you apply to be sure you’re prepared.
Parent PLUS loan refinance eligibility.
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 resources on Parent PLUS refinancing. */}
More resources on
Parent PLUS refinancing.
Parent Plus Loan Refinancing FAQs
Yes, Parent PLUS Loans can be refinanced with private lenders such as SoFi. Refinancing may allow you to lower your interest rate, adjust your repayment term, or combine multiple loans into one. Keep in mind that when you refinance a federal Parent PLUS Loan with a private lender, the loan becomes a private loan and you will no longer have access to federal benefits such as income-driven repayment plans or federal forgiveness programs.
Some lenders, including SoFi, allow Parent PLUS Loans to be refinanced in the student’s name. This means the student becomes legally responsible for the loan after refinancing. To qualify, the student typically needs to meet credit and income requirements. This option can relieve parents of repayment responsibility, while giving the student the chance to manage their own debt once they have graduated and secured employment.
Refinancing Parent PLUS Loans may be worth considering if you can qualify for a lower interest rate or want to simplify repayment by consolidating loans. It could help reduce the total interest paid over the life of the loan or lower your monthly payment, depending on the repayment term you choose. However, refinancing is not the right fit for everyone, especially if you want to keep access to federal protections such as deferment, forbearance, or forgiveness programs.
Refinancing Parent PLUS Loans can offer several advantages. You may be able to secure a lower interest rate, reduce your total borrowing costs, or choose new repayment terms that align better with your financial situation. Consolidating multiple loans into a single refinanced loan can also simplify repayment. In some cases, refinancing makes it possible to transfer the loan responsibility from the parent to the student once the student qualifies on their own.
There are also trade-offs to consider. Refinancing a federal loan with a private lender means you will no longer have access to federal protections such as income-driven repayment plans, deferment, forbearance, or forgiveness programs. In addition, eligibility depends on creditworthiness and income, and extending the loan term may lower monthly payments but could increase the total interest paid over time.
See all FAQs
Find your Parent PLUS loan refinance
rate in 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 a 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 12/17/25 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.
Read moreParent Plus Refinancing Rates
Parent Plus Loan Refinancing
Rates & Terms
The following examples depict the APR, monthly payment and total payments during the life of a $10,000 private loan with a single disbursement.* All rates below are shown with the Autopay Discount (0.25%). There are no application or origination fees, and no prepayment penalties.
For variable rate loans, the current index rate is 4.03% and may change monthly. The current index for variable rate loans is derived from the 30 day average SOFR index, thus changes in the SOFR index may cause your monthly payment to increase. 5, 7, and 10 Year terms are capped at 8.95% APR, 15 Year terms are capped at 9.95% APR to the extent permitted under law.
Your actual interest rate may be different than the rates in these examples and will be based on term of loan, your financial history and other factors, including your cosigner’s (if any) financial history. State restrictions may apply.
Fixed Rate Loans
| Terms | Rate | Repayment APR |
No. of Payments |
Monthly Payment |
Total Payments |
|---|---|---|---|---|---|
| 5 Year | 4.24% – 8.45% | 4.24% – 8.45% | 60 | $185.25 – $204.92 | $11,115.02 – $12,295.46 |
| 7 Year | 4.72% – 8.77% | 4.72% – 8.77% | 84 | $140.03 – $159.73 | $11,762.28 – $13,416.98 |
| 10 Year | 5.02% – 8.82% | 5.02% – 8.82% | 120 | $106.16 – $125.70 | $12,739.60 – $15,084.44 |
| 15 Year | 5.28% – 8.87% | 5.28% – 8.87% | 180 | $80.55 – $100.65 | $14,498.21 – $18,117.86 |
Variable Rate Loans
| Terms | Rate | Repayment APR |
No. of Payments |
Monthly Payment |
Total Payments |
|---|---|---|---|---|---|
| 5 Year | 5.99% – 8.70% | 5.99% – 8.70% | 60 | $193.28 – $206.13 | $11,596.89 – $12,367.84 |
| 7 Year | 5.99% – 9.02% | 5.99% – 9.02% | 84 | $146.04 – $160.99 | $12,267.16 – $13,523.35 |
| 10 Year | 5.99% – 9.07% | 5.99% – 9.07% | 120 | $110.97 – $127.05 | $13,316.43 – $15,246.59 |
| 15 Year | 5.99% – 9.12% | 5.99% – 9.12% | 180 | $84.33 – $102.14 | $15,179.70 – $18,385.52 |
Parent Plus Refinancing variable rate loans for 5, 7 and 10 Year terms are capped at 8.95% APR, 15 Year terms are capped at 9.95% APR.
Rates in this table reflect prices as of 12/17/25.
Questions? Call us for a free consultation at 855-456-7634
5 Ways for MBA Candidates to Get the Best Graduate Student Loans
Refinancing student loans can be a great strategy for saving money when you’re done with school, but you can also take steps before even applying for loans that will pay off over the longterm.
However, getting accepted to an MBA program is challenging. So much so that by the time graduate students are admitted to a program, many of them want to secure the first funding options available without pausing to thoroughly assess all the options.
Read more
5 Easy Swaps to Save on Your Wedding (Without Skimping on Style)
Paying for a wedding these days is no joke. With the average cost weighing in at more than $31,000 (a five-year high) it’s little wonder that a growing number of couples are looking for ways to save on the big day. But at the same time, you (ideally) only get to do this once, so you want to do it right.
If you’re in this camp, check out these five easy swaps that keep your budget under control – without compromising your vision for the special day.
Read more
3 Savvy Money Rules that Wealth-Minded People Follow
Last month you may have seen the proposal to end federal tax benefits for 529 college savings plans, which sparked intense backlash and was withdrawn quickly. Even if you haven’t been following that news, or aren’t yet saving for your children’s education, 529 plans are an interesting example of how the wealth-minded manage their finances.
Read more
Stay up to date on the latest business news and stock market happenings.