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Save thousands on
your student loans.

You could save money each month—
or pay off your loan faster.

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Find My Rate

Checking your rate will not affect your credit score✝︎.

Hurry—apply before
your offer expires!

SoFi is the leading student loan
refinancing provider.

$18 billion in refinanced student loans
300,000+ members who’ve refinanced
98% would recommend SoFi to a friend3.

How to Calculate Your
Student Loan Savings

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.

Enter Your
Current Loan

OR

Compare a
SoFi Loan

Term : 10 Years
Fixed Interest Rate : 4.50% – 5.79%
5 7 10 15 20

Monthly
Savings

(estimated)
$ –

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.

Lifetime
Savings

(estimated)
$ –

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.

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 3.49% APR to 6.44% when you enroll in AutoPay.1

Variable Rate

Rates start from 3.21% APR to 6.44% when you enroll in AutoPay.1

Find My Rate Learn More

Investing in people who
invest in themselves.

Accelerate your
career

Take your career to the next level with expert guidance from SoFi Career Coaches.

Experience the
SoFi community

Our member events range from dinners and happy hours to panel sessions and networking opportunities.

Get exclusive member
rate discounts

Get a 0.125% rate discount on additional SoFi loans—just for being a member.✝︎✝︎

How it works:

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

For illustrative purposes only, your actual savings may vary based on interest rates, balances, remaining repayment term and other factors.

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.✝︎

Trustpilot

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 permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. 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, a responsible financial history, years of experience, income and 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 such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., 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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