SoFi Student Loan Refinancing

Juggling multiple student loans can be burdensome and time consuming, not to mention the high cost associated with federal and private student loans these days. We understand these challenges and are pleased to provide this new benefit to ABA members, their families, and firm employees.

  • Available for undergraduate, law school, or other educational loans
  • Average attorney savings: $25,000
  • Sign-up bonus of $300
  • Refinance and consolidate BOTH federal and private loans
  • No application or origination fees, no pre-payment penalty
  • Variable rates start at 2.345% APR and Fixed rates start at 3.375% APR
  • Additional benefits like entrepreneurial coaching, unemployment protection, and so much more...

Your Guide to Student Loan Refinancing

What everyone needs to know about reducing student loan interest rates and conquering student loan debt


If you work or plan to work for a non-profit or government entity and will be eligible for Public Service Loan Forgiveness, you should not refinance your federal loans with a private lender such as SoFi.

For the average savings, calculation is based on all SoFi borrowers who refinanced their student loans between 1/1/15 and 12/31/15. The savings calculation is derived by taking the estimated lifetime cost of existing student loans minus the lifetime cost of SoFi loans upon refinancing for SoFi borrowers who refinanced their student loans. SoFi’s average savings methodology for student loan refinancing assumes 1) borrowers’ interest rates do not change over time (projections for variable rates are static at the time of the refinancing and do not reflect actual movement of rates in the future 2) borrowers make all payments on time 3) borrowers do not prepay loans 4) borrowers take advantage of AutoPay, which enables them to lower the APR of their loan by 0.25%. SoFi’s average savings methodology for student loan refinancing excludes refinancings in which 1) borrowers elect SoFi loans with longer maturity than their existing student loans 2) the term length of the borrower's loan is greater is than 25 years 3) the borrower did not provide correct or complete information regarding his or her outstanding balance, loan type, APR, or current monthly payment. SoFi excludes the above refinancings in an effort to maximize transparency on how we calculate our average savings amount and to minimize the risk of borrower data error skewing the average saving amount.

We offer refinance loans in 49 states plus the District of Columbia. Residents of Nevada are not eligible for a refinance loan at this time.