Lowering Private Student Loan Interest

This forum made possible through the generous support of SDN members, donors, and sponsors. Thank you.


Full Member
15+ Year Member
Dec 22, 2006
Reaction score
Hello, I have a private student loan from SoFi with an interest rate a little over 6%. Any recommendations on how I can lower the rate?

Members don't see this ad.
Yes, you can refinance again. Compare rates with many lenders to get the best rate. Credit pulls within 30 days for student loans only count as one pull.
Rates are at historic lows, so try and get a fixed rate. It may be a bit higher than the variable rate but rates are only going to go up after the pandemic. Let me know if you have any other questions.