Checking your rate will not affect your credit score✝.
Lifetime savings calculation of $15,767 is based on all SoFi members who refinanced their student loans between January 2017 and April 2018. The savings calculation is derived by taking the estimated lifetime cost of existing student loans minus the lifetime cost of SoFi loans upon refinancing for members who refinanced their student loans. SoFi’s lifetime savings methodology for student loan refinancing assumes: 1) members make all payments on time; 2) members make monthly payments for the full duration of their loan; and 3) members take advantage of AutoPay, which enables them to lower the APR of their loan by 0.25%. SoFi’s average lifetime savings methodology for student loan refinancing excludes refinancings in which: 1) members elect SoFi loans with longer maturity than their existing student loans; 2) the term length of the member’s original student loan(s) is greater is than 30 years; 3) the member did not provide correct or complete information regarding his or her outstanding balance, loan type, APR, or current monthly payment. SoFi excludes the above refinancings in an effort to maximize transparency on how we calculate our average lifetime savings amount and to minimize the risk of member data error skewing the average lifetime savings amount.
Apply through this page to get your $300 bonus when you refinance.‡
Get started by checking your rates in just two minutes. Aside from great rates and an easy experience, we also offer awesome benefits—like unemployment protection and career support. We’re here when you need us. In fact, we’ve been there to help our members in funding over $30 billion in loans to date.
Have Parent PLUS loans? Learn more about Parent PLUS refinancing.
Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.
The student loan refinancing process is fast, easy, and can be done entirely online.
Term
APR
Lifetime
Savings
5-year
3.95%
$13,033
7-year
4.18%
$14,467
10-year
4.69%
$15,724
Hypothetical calculation assumes original loan balance of $96,672,10 year term, and 7.041% rate
We’ll let you know if you’re qualified before you finish the full application.
Choose between saving on your monthly payment or saving on total student loan interest.
Upload screenshots of your information, then sign your paperwork electronically.
We pay off your servicer(s) and issue you one new student loan.
It takes only two minutes and
won't affect your credit score.✝
Take your career to the next level with expert guidance from SoFi Career Coaches.
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Get a 0.125% rate discount on additional SoFi loans—just for being a member.✝✝
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