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SoFi - Student Loan Refinancing


Introducing SoFi Student Loan Refinancing for IPA Members

Recognizing that student loan debt is a large concern of our members, IPA has formed a partnership with SoFi, the largest provider of student loan refinancing. In addition to possibly reducing the cost of your debt, refinancing through our partnership site,, you can receive a $100 welcome bonus2!
SoFi refinances student loan and Parent PLUS debt at lower rates than federal and/or private options, saving their borrowers around $316 a month1 on average, and $448 a month on average for pharmacist borrowers1. The main benefits include:
  • Welcome Bonus: IPA members receive an additional $100 welcome bonus2 when you refinance through
  • Savings: SoFi saves pharmacist borrowers $448 a month1 on average over the life of their loans when they refinance.
  • Rates: Variable rates as low as 2.34% APR and fixed rates as low as 3.375% APR (with Autopay)3.
  • Simplicity: Consolidate all existing student loans (federal and private) into a single loan with one monthly payment. Parent PLUS loan refinancing is also available.
  • Perks: SoFi offers career counseling, member events, a referral program, and more.
  • No Fees: No origination fees, no application fees and no prepayment penalties.
How to Get Started
To apply for a free, no-commitment rate quote, and to qualify for a $100 welcome bonus upon refinancing, complete the online application at
If you have any questions about refinancing with SoFi, please visit or call SoFi directly at 844-576-2368 or email them at
2Payment will be issued electronically once you become a SoFi borrower; you have submitted a completed application with documents and your loan has been disbursed. Offer good for new customers only.
3Terms and conditions apply. SoFi reserves the right to modify or discontinue products and benefits at any time without notice. SoFi loans are private loans and SoFi does not offer the same flexible repayment terms that are features of federal student loans. Rates effective as of October 1, 2016. Fixed rates from 3.50% APR to 7.74% (with AutoPay). Variable rates from 2.23% APR to 6.03% (with AutoPay). Interest rates on variable rate loans are capped at either 8.95% or 9.95% depending on term of loan. Not all borrowers receive the lowest rate. If approved for a loan, the fixed or variable interest rate offered will depend on your creditworthiness, and the term of the loan and other factors, and will be within the ranges of rates listed above. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly. APRs for variable rate loans may increase after origination if the LIBOR 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. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Eligible borrowers must be U.S. citizens or permanent residents and meet SoFi’s underwriting requirements. SoFi loans not offered to residents of Nevada. Other state restrictions may apply. See eligibility requirements at SoFi loans are originated by SoFi Lending Corp (dba SoFi) California Finance Lender #6054612. NMLS #1121636.