You could earn a $500 cash bonus* and the Fire Your Financial Advisor Course ($799 Value) exclusively for being referred by White Coat Investor when you refinance your student loans with SoFi! The cash bonus will be processed automatically by SoFi (no need to contact SoFi customer service). SoFi will automatically process and mail a check the month after your loan disburses.
Why Choose SoFi to Refinance Your Student Loans?
Many WCI readers have refinanced with SoFi over the years because of their low rates, no fees, exclusive member benefits, and flexible payment terms. SoFi offers competitive rates with flexible terms for medical and dental professionals as well as residents. Additionally, SoFi offers a 0.25% autopay discount, unemployment protection, member-only discounts on additional SoFi products, and more. There is no upper limit to the loans you can refinance, but certain minimums apply.
Doctors and dentists with loan balances over $150,000 are eligible for our best refinance rate starting at 3.24% APR^ (with all discounts applied). This is not available to residents.
Residents are able to refinance their loans with SoFi over the course of their residency (up to 54 months) and only pay $100 per month‡ (see terms).
You could save thousands of dollars thanks to flexible terms and low fixed rates.
Fast, easy, and all online
Simple online application and access to live customer support 7 days a week.
No hidden fees, no catch
No application or origination fees. No pre-payment penalties.
Access to member benefits
Sofi members get free career coaching and more.
SoFi Student Loan Refinancing Terms and Conditions
Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status, be residing in the U.S., and meet SoFi’s underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and may be subject to other restrictions. Minimum loan amount of $5,000 unless required to be higher to comply with applicable law. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. SoFi Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org)
*$500 Welcome Bonus Offer: Terms and conditions apply. Offer is subject to lender approval and not available to residents of Ohio. To receive the offer, you must: (1) register and/or apply through the referral link you were given; (2) complete a loan application with SoFi; (3) have and provide a valid US bank account to receive bonus; (4) and meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, you will receive your welcome bonus via automated clearing house (ACH) into your checking account within 30 calendar days. Bonuses that are not redeemed within 180 calendar days of the date they were made available to the recipient may be subject to forfeit. Bonus amounts of $600 or greater in a single calendar year may be reported to the Internal Revenue Service (IRS) as miscellaneous income to the recipient on Form 1099-MISC in the year received as required by applicable law. Recipient is responsible for any applicable federal, state or local taxes associated with receiving the bonus offer; consult your tax advisor to determine applicable tax consequences. SoFi reserves the right to change or terminate the offer at any time with or without notice.
Unemployment Protection: If you become involuntarily unemployed, deferred payments may be applied for a maximum of 12 months, in aggregate, over the life of the loan. Additional terms and conditions apply; see SoFi.com/faq-upp for details.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The discount will not reduce the monthly payment; instead, the interest savings are applied to the principal loan balance, which may help pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.
‡100/mo Medical-Dental Resident PaymentNotice: The minimum monthly payment of $100, while in residency period, may not pay all of the interest due each month, which will likely result in negative amortization during the residency period. This repayment example is based on typical loan terms for a freshman borrower who pays $100 per month during residency with a 10-year repayment term, a $100,000 loan that is disbursed in a single disbursement, with a 0.25% autopay discount, and a fixed rate between 4.62% – 5.66% APR (with autopay). It also assumes the borrower remains in residency for 4 years and has a 6-month grace period (together, “the residency period”) before the full repayment term begins. It works out to 54 monthly payments of $100 a month during the residency period. Then, followed by 120 monthly payments, ranging from $1,042.18 – $1,093.21 while in the full repayment period, for a total amount of payments ranging from $125,061.40 – $131,184.96. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based loan amount, creditworthiness, and other terms and conditions. Enrolling in autopay is not required to receive a loan from SoFi .SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. In addition, federal student loans offer deferment and forbearance options that are not available to you if you take out a Medical Resident Loan Refi offered by SoFi Lending Corp. or an affiliate (dba SoFi).
^Fixed rates range from 3.24%% APR to 8.24% APR with a 0.50% discount for Doctors and Dentists, 0.25% discount for loan size over 150k, and a 0.25% autopay discount. Variable rates from 1.49% APR to 7.49% APR with a 0.50% discount for Doctors and Dentist, a 0.25% discount for loan size over 150k, and a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates on 5-, 7-, and 10-year terms are capped at 8.95% APR; 15- and 20-year terms are capped at 9.95% APR. Your actual rate will be within the range of rates listed above and will depend on the term you select, evaluation of your creditworthiness, income, presence of a co-signer and a variety of other factors. These specialized rates are offered to applicants who are physicians or dentists with verified loan amounts of $150,000 or higher with the following degrees: Doctor of Medicine (MD), Doctor of Osteopathic Medicine (DO), Doctor of Medicine in Dentistry or Doctor of Dental Medicine (DMD), Doctor of Dental Surgery (DDS). Not available to residents, fellows, or students. Lowest rates reserved for the most creditworthy borrowers. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi