PARENT PLUS LOAN REFINANCING
Refinancing your Parent PLUS loan could save you money.
Refinance Parent PLUS loans you’ve taken on to fund your kid’s education. You could save thousands and pay off your Parent PLUS loans sooner.
Checking your rate will not affect your credit score.†︎
Received a mailer from us? Enter confirmation #
Why refinance Parent PLUS loans with SoFi?
Low fixed interest rates
Competitive rates could help qualified borrowers save more over time, including a discount with autopay.1
Flexible terms
Pick the payment term that fits you best from our many options: 5, 7, 10, or 15 years.
Lower monthly payments
You could reduce your monthly payment with flexible terms, and keep more money each month for other goals.
No required fees, no catch
You could save more with no application fee, no origination fee required, no prepayment fee, and no late fee.
Checking your rate will not affect your credit score.†︎
Parent PLUS refinance terms that work for you.
Choose from low fixed or variable rates to make the right call for your refinance.
Refinancing Parent PLUS loans for beginners.
What is a Parent PLUS loan?
Federally funded Direct PLUS loans, commonly called Parent PLUS loans, are taken out by parents to help dependent undergrads. When an undergraduate’s financial aid doesn’t meet the cost of attendance at a college or career school, parents may take out a Direct PLUS loan in their name to bridge the gap. Learn more.
How to refinance Parent PLUS loans.
Get prepared.
Apply online.
Check your rate in minutes. See if you’re prequalified. Upload your loan info and sign your docs.
Start fresh with your new loan.
SoFi pays off your other loans and consolidates them into a brand new private loan. BOOM.
BTW, just checking your rate is a soft inquiry, and won’t affect your credit score.†
See how much you could save.
Run the numbers to see what your savings could be. Visit our Student Loan Refinancing Calculator.
Parent PLUS loan refinance eligibility.
If you’re looking to refinance Parent PLUS loans, you probably know that there are basic requirements for income and credit quality. But you may not be familiar with other Parent PLUS loan refinance criteria. Have a look before you apply to be sure you’re prepared.
