With flexible terms, you can save money each
month – or pay off your loan sooner.
Checking your rate will not affect your credit score✝︎.
*NOTICE: The White House has announced a $10,000 forgiveness for qualifying federal student loan borrowers/$20,000 forgiveness for qualifying Pell Grant recipients/suspended all federal student loan payments and waived interest charges on federally held loans beyond 12/31/22. Please carefully consider these changes before refinancing federally held loans with SoFi, as in doing so you will no longer qualify for these changes or other future benefits applicable to federally held loans. If you qualify for federal student loan forgiveness and still wish to refinance, leave up to $10,000 and $20,000 for Pell Grant recipients unrefinanced to receive your federal benefit. For more information, please go to https://www.ed.gov/news/press-releases/biden-harris-administration-continues-fight-student-debt-relief-millions-borrowers-extends-student-loan-repayment-pause
Our calculator shows how much you can save on your student loans by refinancing with SoFi. Just add in your current student loan information, and we’ll calculate your estimated savings—both monthly and over the lifetime of your loan. If you have multiple student loans, simply combine the loans and average their principal.
*Calculated payments and savings are only estimates. All SoFi rates shown include the SoFi 0.25% autopay discount. You are not required to enroll in autopay. Estimated savings shown is based on the lowest SoFi APR of available rate ranges shown. For federal loans: we assume payments are made at the end of the month and that the current federal loan relief, which assumes 0% interest and no required payments until 12/31/22, will expire on that date. When federal loan payments resume, we assume your federal monthly payment remains the same, and the maturity date will be pushed out the length of the current federal loan relief.Using the free calculator is for informational purposes only, does not constitute financial advice or an offer to receive a loan. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply.