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 lifetime savings: $15,767
  • Sign-up bonus of $400
  • Refinance and consolidate BOTH federal and private loans
  • No application or origination fees, no pre-payment penalty
  • Fixed rates start at 3.25% APR and variable rates start at 2.63% 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.

Lifetime savings calculation of $15,767 is based on all SoFi members who refinanced their student loans between January 2017 and April 2018. 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 members who refinanced their student loans. SoFi’s lifetime savings methodology for student loan refinancing assumes: 1) members make all payments on time; 2) members make monthly payments for the full duration of their loan; and 3) members take advantage of AutoPay, which enables them to lower the APR of their loan by 0.25%. SoFi’s average lifetime savings methodology for student loan refinancing excludes refinancings in which: 1) members elect SoFi loans with longer maturity than their existing student loans; 2) the term length of the member’s original student loan(s) is greater is than 30 years; 3) the member 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 lifetime savings amount and to minimize the risk of member data error skewing the average lifetime savings amount.

We offer refinance loans in all 50 states plus the District of Columbia.