SoFi Student Loan Refinancing Review

Refinancing with no fees, fixed from 3.99% APR and variable from 5.24%, and a 0.25% autopay discount, at the cost of federal loan protections if you refinance.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

SoFi refinancing has no origination, application or prepayment fees, and fixed rates from 3.99% APR with autopay and member discounts. Refinancing federal loans permanently gives up income-driven repayment, Public Service Loan Forgiveness and federal forbearance, so keep federal loans federal unless you are sure you will never need them.

Skip it if you hold federal loans you might need to repay on an income-driven plan or through public-service forgiveness.

About SoFi Student Loan Refinancing

Refinancing with no fees, fixed from 3.99% APR and variable from 5.24%, and a 0.25% autopay discount, at the cost of federal loan protections if you refinance federal debt. SoFi Student Loan Refinancing is offered by SoFi Lending Corp (dba SoFi). NMLS #1121636. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Borrowers refinancing private student loans who can accept giving up nothing federal.

Editorial grade: B+ (composite score 81/100).

Highlights

Fixed 3.99% to 10.49% APR and variable 5.24% to 10.49% APR, including the autopay and member discounts, as published 21 October 2026
No origination, application or prepayment fees
Refinances at least $5,000 of student loans used for an eligible school
Variable rates are capped at 13.95% APR for refinancing

What we like

No origination, application or prepayment fees on refinancing
Fixed rates reaching as low as 3.99% APR for the most qualified borrowers
Term choices from 5 to 20 years

Where it falls short

Refinancing federal loans forfeits income-driven repayment, Public Service Loan Forgiveness, and federal forbearance and forgiveness, and SoFi says no lender can restore them
The 0.125% Member Rate discount needs SoFi Plus, an eligible direct deposit, or $5,000 in qualifying deposits within 31 days of funding
Loans for students still enrolled are not eligible for refinancing

Fees, minimums, and rates

Monthly fee: No origination, application or prepayment fees. Minimum to open: $5,000 minimum loan. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with SoFi Lending Corp (dba SoFi). NMLS #1121636. It is built from SoFi Lending Corp (dba SoFi). NMLS #1121636's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Student Loan Refinancing shortlist. The rubric is the same for every brand.

Similar products to compare

Read our full editorial methodology for how we review products.