Low Rate Student Loan Refinance

Low Rate Student Loan Refinance

Are you looking to refinance your student loans? If so, you’re in luck. Many people don’t know that they can refinance their student loans through a private lender. But it isn’t just for those who have bad credit or no credit — anyone can get a lower interest rate on their student loan refinance by getting pre-approved by one of our lenders.


If you’re looking for a student loan refinance company, SoFi is one of the best options. This student loan refinance company offers low rates and flexible terms to borrowers who want to lower their monthly payments. If you have been paying your loans on time, have good credit scores and high interest rates, SoFi is definitely worth considering.

Refinance Student Loans

You can refinance federal or private student loans, including federal consolidation loans. Refinancing is a good option if you have high interest rates, minimal credit history or other factors that make it difficult to secure a lower-interest loan from another lender.

As you might expect with any type of loan refinancing, refinancing your student loans will result in lower monthly payments and/or reduced interest costs for most borrowers. However, there are also some drawbacks that you should consider before taking this step:

  • The length and terms of your new loan will be different than those offered by the Department of Education.
  • You may lose borrower benefits like income-based repayment and forgiveness programs (this depends on the lender).
  • The new lender’s origination fees may be higher than those charged by the Department of Education (but not always).

Find your rate in just 2 minutes.

You can get a rate quote in just two minutes. It’s fast, simple, and best of all—no application is required to get started.

You don’t need to apply for the loan to receive your price quote—just enter your information into our secure online form and we’ll let you know what our current rates are. We’ve made this process as easy as possible so that you can compare rates from a variety of lenders at once.

You can even receive an interest rate quote for whatever term or loan amount suits your needs:

  • Term: 1 year, 3 years, 5 years or 10 years
  • Loan Amount: $5k-$100k

It’s free, won’t affect your credit, and there’s no obligation to proceed1.

The first thing you should know about refinancing is that it’s completely free. There are no fees to pay, so you don’t have to worry about paying more than necessary. As an added bonus, your credit will not be affected either way by the process of refinancing your student loan; if you end up deciding not to refinance after all, there will be no mark on your credit history.

Finally, there is no obligation for low rate student loan refinance until after we find out if a lender can match or beat our rate quote (and even then, we won’t charge any fees).

See what you qualify for.

To get started, head to their website, enter your information and see what you qualify for. It’s free and there’s no obligation to proceed. You should check with them before you go to a lender just so that you can compare offers and make sure the terms work best for your needs.

Find my rate!

To see how much you could save by refinancing your student loans, click on a rate and enter your loan details. You’ll see the current rate for the loan you select, along with the savings estimate based on your information.

Student Loan Refinance Calculator

To find out how much you can save on your student loans with a refinance, use our Student Loan Refinance Calculator. It’s quick, easy and free!

We’ve built our student loan refinance calculator to help you understand how much you could save by refinancing your student loans with SoFi. Our easy-to-use tool walks you through the steps to quickly see what impact refinancing could have on your payments and savings over time.

This tool is free and easy to use. All you need to do is enter your current loan balance, interest rate, and monthly payments. The calculator will then show you how much money you could save on SoFi’s low fixed rates and variable rates. It also provides an estimate of what your new monthly payments would be with a lower rate, which can help you better budget for the future.

What does this mean for me? By refinancing your student loans with SoFi, you may be able to save more than $20K over the life of the loan by paying less interest!

View example savings* based on a $40,000 loan balance with a 10-year repayment term and 6.65% APR1.

You could save $73,935.42 over a 10-year period.

You could save $139,753.68 over a 15-year period.

You could save $186,090.05 over a 20-year period.”

People getting out of school may want to check out this loan program

In the past, student loan borrowers could only refinance their loans if they were in good standing and had a high credit score. The new initiative allows borrowers to refinance even if they don’t meet these requirements.

Refinancing is an option worth pursuing if you are still paying off your undergraduate or graduate degree because it can help you save money on interest rates, monthly payments, and even the overall size of your loan balance over time.

You can use the calculator to see what your monthly payments will look like, and how much you could save by refinancing your student loans. You can also use it to compare SoFi with other lenders and find out more information about loan terms and interest rates.

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