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 5.33% 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 5.24% – 9.07% 5.24% – 9.07% 60 $189.81 – $207.92 $11,388.83 – $12,475.41
7 Year 5.75% – 9.34% 5.75% – 9.34% 84 $144.89 – $162.62 $12,170.76 – $13,660.22
10 Year 5.85% – 9.34% 5.85% – 9.34% 120 $110.27 – $128.52 $13,232.25 – $15,422.78
15 Year 6.10% – 9.34% 6.10% – 9.34% 180 $84.93 – $103.46 $15,286.84 – $18,622.65

Variable Rate Loans

Terms Rate Repayment
APR
No. of
Payments
Monthly
Payment
Total
Payments
5 Year 6.24% – 9.32% 6.24% – 9.32% 60 $194.45 – $209.14 $11,666.76 – $12,548.40
7 Year 6.54% – 9.59% 6.54% – 9.59% 84 $148.69 – $163.90 $12,489.80 – $13,767.69
10 Year 6.54% – 9.59% 6.54% – 9.59% 120 $113.75 – $129.89 $13,650.19 – $15,586.90
15 Year 6.54% – 9.59% 6.54% – 9.59% 180 $87.33 – $104.97 $15,719.54 – $18,893.92

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 4/13/24.

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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 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 # 1121636. (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.

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