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.
By refinancing into a longer term and taking advantage of monthly payment savings, borrowers will generally pay more total interest over the life of the loan. Learn about our savings calculation.
Calculated payments and savings are only estimates. All rates shown include the SoFi 0.25% AutoPay discount. Using the free calculator is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments and savings will depend on the actual amounts for which you are approved, should you choose to apply.
Save on your student loans by choosing between a range of rates and terms. No prepayment penalties and no hidden fees. Ever.
Take your career to the next level with expert guidance from SoFi Career Coaches.
Our member events range from dinners and happy hours to panel sessions and networking opportunities.
Get a 0.125% rate discount on additional SoFi loans—just for being a member.✝︎✝︎
The student loan refinancing process is fast, easy, and can be done entirely online.
For illustrative purposes only, your actual savings may vary based on interest rates, balances, remaining repayment term and other factors.
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.✝︎