Medical school leaves many physicians with significant student debt. Finding the right refinancing partner can make a major difference in long-term financial stability. SoFi is a well-established name in student loan refinancing, trusted by more than 515,000 members.
Through LeverageRx, doctors can easily connect with SoFi to compare rates and see how much they could save.
SoFi Student Loan Refinance Details
SoFi provides competitive fixed and variable rates for refinancing both federal and private student loans. The application process is entirely online and takes just a few minutes. Borrowers can check rates without affecting their credit score*, then choose repayment terms that match their goals.
Repayment options range from 5 to 20 years, allowing flexibility for residents, fellows, and attending physicians. SoFi charges no origination fees, no application fees, and no prepayment penalties. Borrowers can also receive a small interest rate reduction when they enroll in automatic payments.
Fixed rates range from 4.49% APR to 9.99% APR with a 0.25% autopay discount and 0.125% SoFi Plus discount. Variable rates range from 5.99% APR to 9.99% APR with a 0.25% autopay discount and 0.125% SoFi Plus discount. Rates are current as of 10/30/25 and subject to change. Lowest rates reserved for the most creditworthy borrowers. Terms and conditions apply. See sofi.com/terms-of-use/#slr-discount.
Benefits of Refinancing with SoFi
Competitive Rates and Flexible Term Options
SoFi consistently offers some of the most competitive rates available for physicians and high-earning professionals. Borrowers can choose from multiple repayment term lengths to find the right fit.
No Fees Required or Penalties
There are no hidden fees or prepayment penalties, giving borrowers the freedom to pay off their loans faster if they choose.
Fast Online Application
The entire process happens online, from checking your rate to finalizing your loan. It is efficient and designed for busy professionals.
Member Benefits and Career Support
SoFi members have access to exclusive resources such as career coaching, financial planning tools, and member events.
Resident Refinancing Option
Medical residents can refinance during training with lower monthly payments until they begin full practice income.
Potential Drawbacks
- While SoFi’s refinance program is strong, it may not be the best fit for everyone.
- Refinancing federal loans means losing access to federal protections and forgiveness programs.
- Not every borrower will qualify for the lowest advertised rates. Credit score, income, and other factors determine final terms.
- SoFi is a direct lender, which means borrowers will not see side-by-side comparisons from multiple lenders in one place.
Eligibility Requirements
Borrowers generally need:
- A completed degree from an eligible institution.
- A solid credit profile or qualifying co-signer.
- Proof of consistent income.
- U.S. citizenship or permanent residency.
Medical residents can apply with modified repayment options, and SoFi’s underwriting team understands the unique financial situations of medical professionals.
Comparison: SoFi vs. Other Refinance Options
Unlike marketplaces that connect borrowers to multiple lenders, SoFi is a direct lender. Borrowers work with SoFi from application to repayment, ensuring consistent communication and customer support.
Physicians who value simplicity, transparency, and competitive rates often choose SoFi as their preferred lender.
Key takeaways
SoFi provides physicians with a trusted, streamlined way to refinance student loans. With low rates, no fees, and a fast digital process, SoFi remains one of the most popular lenders among medical professionals.
To explore refinancing through SoFi, visit SoFi’s Student Loan Refinance page.
LeverageRx is a digital lending and insurance marketplace built exclusively for doctors. We make it simple to compare Physician Mortgages, Physician Disability Insurance, and student loan refinancing options tailored for medical professionals.
*To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.
Terms 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% 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 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 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. Information current as of XX/XX/XX and subject to change. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
Authors
