Refinance Student Loans

Save thousands on your student loans.

Refinancing student loans with SoFi saves members $4662f a month—and $30,0692 over the life of the loan.

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Checking your rate will not affect your credit score.

SoFi is the leading student loan
refinancing provider.

$14 billion in refinanced student loans
194,000 + members who've refinanced
65% would recommend SoFi to a friend4.

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 3.250% APR to 7.250% when you enroll in AutoPay.1

Variable Rate

Rates start from 2.580% APR to 7.070% when you enroll in AutoPay.1

Investing in people who
invest in themselves.

How it works:

The student loan refinancing process is fast, easy, and can be done entirely online.

Term

APR

Lifetime
Savings

5-year

3.25%

$30,069

7-year

3.925%

$24,203

10-year

4.375%

$17,873

Hypothetical calculation assumes original loan balance of $96,672,10 year term, and 7.041% rate

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 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: Does SoFi refinance student loans for Medical Residents and Fellows?
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Yes! SoFi will refinance student debt for medical residents and fellows before you become an attending physician. Residents will be required to make minimum monthly payments of $100 on their debt to SoFi until the end of your residency or fellowship program, up to 54 months. After this time, your loan will re-amortize and your payment amount will increase according to a fully amortized loan schedule.

Q: Am I eligible for a SoFi Medical Resident Refinance loan?
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  • 1. You’re a medical resident or fellow with up to four years left in your approved program.
  • 2. You have over $10k in private or federal student loan debt.
  • 3. You have graduated from a selection of Title IV accredited university or graduate programs in the U.S.
  • 4. You meet SoFi’s underwriting criteria.

See SoFi.com/eligibility for additional information.

Q: When can I refinance?
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Residents and fellows can apply to refinance once you have been matched to your residency or fellowship program. Applicants must be within 4 years of becoming an attending physician. Any fellowship or extended residency training period must be agreed to at the time of refinancing.

Q: What happens if I leave my residency program?
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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.

Q: What terms do you offer?
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SoFi offers 5, 7, 10, 15, and 20 year fixed and variable terms. This means that if you refinance today, have four years left in your residency, and refinance to a 20 year loan term, as long as you make every payment on time, your loan will be fully paid off in 24 years.

Q: What happens to the accrued interest on my loan during the $100 payment per month residency period?
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Interest that accrues while paying $100 monthly payments during the residency period will capitalize at the end of your residency period. This means that you will not be charged compounded interest on your SoFi loan during your residency period.

See FAQs

SoFi in the news

CNN Money

“This lender offers free drinks, yoga, and matchmaking with its loans.”

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NYT

“SoFi [also] provides career counseling, wine tastings and home-buying workshops.”

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