Choose from variable rates currently as low as 1.93% APR and fixed rates as low as 3.50% APR (with AutoPay discount)1 to optimize how you save. Lower your monthly payment or reduce the lifetime cost of your loan, or sometimes accomplish both.
Combine your existing student loans – including federal and private loans – into a single loan.
With one lender, one bill and one monthly payment, you will avoid the hassle of multiple loans and bills.
Leverage our alumni borrower and investor community.
SoFi is committed to helping you realize your goals beyond paying off student loans. Our community helps borrowers forge valuable connections, find jobs, and start companies.
Multiple loan terms available
No prepayment penalties
Discretionary grace period, forbearance or deferral
What’s the catch?
There isn’t one. SoFi loans have no origination fees or pre- payment penalties of any kind.
"With SoFi, I was able to significantly lower my rate, saving me thousands of dollars over the life of the loan. Plus, now I belong to a support group of borrowers and lenders, turning debt that was once only a liability into an asset of sorts. I’m grateful that a friend told me about SoFi."