SoFi Student Loan Refinancing Reviews & Student Loan Consolidation

Sofi is the best rated student loan refinancing program on the market saving borrowers $465 per month. Rates starting at 2.80% APR.


Sofi is a lender of student loan refinancing, personal loans and mortgages. They are at the top of the list when it comes to refinancing. Started in 2011 to provide an affordable alternative to student loan refinancing. Sofi was the first company to allow refinancing for private and federal loans combined. They began offering personal and mortgage loans in 2015. Sofi is known as one of the top best places to refinance student loans.

Personal Loans Student Loan Refinancing
No minimum credit score required No minimum credit score required
Rates starting at 7.08% Rates from 2.80%
Loan amounts $5,000-$100,000 5, 7, 10, 15 and 20 year loan terms
No origination fees No application fees

*Rates updated September 2018

Sofi excels in student loan refinancing, offering alumni to have more of their money and pay off loans faster. They have outstanding low rates and have refinanced $18 billion dollars in student loans.


SoFi does have a few things that you must have to qualify for financing with them. Some of the minimum requirements include the following:

  • – You need to have good credit. We recommend a score of 700+ to have a good chance.
  • – Have enough money to make payments. You need to be able to afford at least $200-$300 per month for monthly payments.
  • – Do you have a job? SoFi takes into account if the borrower has a steady job and decent amout of cash coming in.


Offering both student loan refinancing & consolidation services as well as personal and mortgage loans. SoFi will pay off the federal and private student loan debt you currently have and then you pay off the amount to SoFi at a much lower interest rate in a shorter amount of time, resulting in lots of money saved. The average borrower saves over $15,000 dollars over the life of the loan. Fixed rates start at 3.89% and variable rates start at 2.80% APR. SoFi does not charge any application or origination fees.


Getting signed up with Sofi refinancing is a pretty simple process. First, you want to compare your options and see if it would be better for you to get a fixed rate or variable. Follow these steps below for how to refinance student loans with SoFi.

  • – Check your personal rate. You will have to give your personal information to SoFi so they can run a credit check on you. It’s a soft limit so it doesn’t hurt your credit score. A hard limit would be like leasing or buying a car. It only takes 2 minutes to check your rate.
  • – Choose whether you want a fixed rate or variable. Variable rates will change monthly. They could go lower or higher depending on the economy.
  • – Verify your income, pay stub, drivers license and list of your loans to refiance.
  • Once you are approved and ready to move forward, they will do a hard credit pull to do your final check.
  • – After approval it takes about 14 days to fund your loan.

It only takes 2 minutes


SoFi takes pride in the services they provide to borrowers. They want their customers to be successful and get out of debt faster. It also offers its customers some cool perks such as helping them find a new job with a higher income, meetups, investing platform and venture funding for entrepreneurs.



Phone: (855) 456-7634


Address: 375 Healdsburg Avenue, Suite 280, Healdsburg, CA 95448

Hours: Monday – Thursday 4:00 AM – 9:00 PM PT, Friday – Sunday 4:00 AM – 5:00 PM PT






Click HERE to Visit the OFFICIAL SoFi Student Loan Refinancing Reviews & Student Loan Consolidation Website

Comments & Feedback
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Thumbs Up

Good place to refinance. Commonbond was ok but I had much better luck with Sofi rates, they were cheaper. Still got years to pay on them but better years than decades LOL!
posted Sep 12th, 2018 9:33 am

Tiffany Polk

Thumbs Up

There will be good reviews & bad reviews about all services. However, I had a good experience with SoFi and the team of customer reps. They helped me through the whole application process and answered any questions that I had. I was actually able to negotiate an even lower rate just by talking with them on the phone. It’s amazing what you can get if you just be nice and ask. It never hurts to ask, the worst they can say is no. That goes for anything. But I had 22k in student loans and needed to get them under control since I’m drowning in debt right now. SoFi has helped get me through the process and lowered my monthly payments. I will have these paid off in 2 years instead of 6. Can’t thank you enough!
posted Aug 14th, 2018 9:55 am



After reading the good and bad SoFi reviews, my fiancé and me decided to sign up and see if we could get a good rate on our student loans over $50,000. It worked! Got a 2.56 rate to pay them off
posted Aug 8th, 2018 7:23 am


Thumbs Up

Was able to finance over 19 thousand of my student loans and groups into one solid loan to pay off in 5 years instead of the 12 years originally. Sofi is legit!
posted Jul 26th, 2018 3:06 pm

Debra P.


Was able to refinance $26k of student loans at 4.65%. Our credit was a little lower than we would like so we didn’t get the lowest rate. We also took out a small personal loan with them. Great customer service. This is the newest revolution in online loans.
posted Mar 29th, 2018 9:10 am


Thumbs Up

Used this service to refinance my daughters student loans. There were mixed reviews between sofi and commonbond but we decided we wanted to go with sofi. The interest rates were lower and the customer service is outstanding. My daughter was also able to get hers deferred with sofi for about 3 months until she found a new job. I would recommend sofi if you want to refinance at a lower rate. The federal rate at about 6% will kill your financial future. Sofi cut it in half for us and now we can pay them off in less than 10 years.
posted Feb 23rd, 2018 12:42 pm


Thumbs Up

Had to do something to get our loans under control. Sofi was the program we picked out due to the best rates. Very nice pay back plan.
posted Jan 11th, 2018 5:13 pm

Tonya R.

Thumbs Up

Used Sofi to refinance student loans and got a better rate than my outrageous Citi loan. Got a 2.9% variable rate and was able to pay off my loans in less than one year. Very good refinancing program. Might even use them for my mortgage in this crazy economy.
posted Nov 1st, 2017 6:11 pm

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