SoFi SmartStart Student Loan Refinancing

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You could save thousands with SoFi SmartStart

Just finished school and not exactly sure what’s next? SoFi SmartStart student loan refinancing gives you flexibility to figure it out with nine months of partial payments.¹

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How SoFi SmartStart partial payments work

You can skip paying principal for the first nine months. So you start with lower payments and keep cash to start life after school.

You can pay toward your principal anytime, with no penalty.

You could save thousands with a lower rate. And there are no fees required.

You keep your existing grace period. Payments only begin when your grace period ends.

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Save sooner and later

If you qualify for SoFi SmartStart, you could save
thousands of dollars over the life of the loan.

Average Interest Rate

6.47% APR

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Current
Student Loan

8.55% APR

$621

$74,552*

Average Interest Rate

6.47% APR

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Months 1-9 payment

$269

(interest only)

$325 mo. savings

Current
Student Loan

8.55% APR

$621

$74,552*

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Example chart shows calculations based on a 10-year term and a $50,000 loan balance. Estimated monthly payments for the standard Student Loan Refinance are based on 6.34% APR (the average interest rate for all SoFi refinance loans from 2/28/24 to 2/28/25). Estimated monthly payments for the SmartStart loan are calculated using 6.47% (the average rate for all SLR plus 0.125%). Estimated monthly payments for “Current Loan” are based on a hypothetical loan with 8.55% APR (SoFi borrowers’ average incoming rate from 2/28/24 to 2/28/25) with a remaining term of at least 10 years. Calculations assume no origination fee option selected and no pre-payment amounts. Your rate on a new SoFi loan will depend on various factors, including the term of your loan, your credit history, and your cosigner’s (if any) credit. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE.

*You may pay more interest over the life of a new SoFi loan if you refinance.

¹Interest-only for First 9 Months Repayment Plan: Repayment plan is available for fixed-rate loans only. For the initial 9-month period, monthly payments will be interest-only, with no reduction in the principal balance. Following the 9-month interest-only period, monthly payments will consist of both principal and interest for the remainder of the loan term. A 5-year term is not available for this offer. Choosing this option may result in a higher total loan cost compared to making full principal and interest payments from the start. ²Pay only the monthly interest for the first 9 months, then start full principal and interest payments. ³Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY TERMS AND DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME. To qualify for refinancing, you must fulfill all SoFi eligibility requirements. SoFI only refinances student loans totaling at least $5,000 that you used to fund tuition at an eligible Title IV accredited school where you were enrolled at least 50% of the time. Loans currently being used to fund education for actively enrolled students are not eligible for refinancing. For more detail, see SoFi.com/eligibility. Lowest rates are reserved for the most creditworthy borrowers. You may pay more interest over the life of the loan if you refinance. Notice: SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR EILIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Information current as of 03/12/25 and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS $696891 (www.nmlsconsumeraccess.org). SmartStart Loan: Eligible only for 7, 10, 15, and 20 year loan terms and fixed rate. Not available to borrowers in the Medical Residency ReFi program. Must meet creditworthiness requirements. Learn more at sofi.com/eligibility. During the interest-only period, your minimum monthly payments only pay accrued interest and do not reduce the loan principal balance on the SmartStart loan. After the interest-only period, your minimum monthly payments will increase for the remainder of the loan term to pay principal and interest on a conventional amortization schedule. You are only eligible to take a SoFi SmartStart loan one time as a primary borrower.