SoFi Student Loan Refinancing - Save and Simplify Your Student Loans

Juggling multiple student loans can be burdensome and time consuming, not to mention the high cost associated with federal and private student loans these days. We understand these challenges and are pleased to provide you with this new benefit of your PBA membership.

Important Questions:

SoFi believes the traditional system for student lending is broken, and they want to do things differently. They’ve created an ecosystem that connects high quality alumni borrowers and investors to provide lower rates to a unique cadre of borrowers. Check out SoFi’s How It Works for more.

The SoFi Student Loan Refinancing Program is open to current PBA members. To be eligible for a SoFi loan, you must be a U.S. citizen or permanent resident 18 years or older and reside in PA or in one of our eligible states. Loan eligibility also depends on a number of additional factors, such as your credit score, your income and employment status.

Yes, SoFi will consolidate all qualified education loans, whether federal or private. SoFi will also honor any existing grace period on the loans you refinance.

When you refinance, you get a new loan at one new rate—with SoFi, the rate is likely lower than what you’re currently paying. Simple consolidation is just a weighted average of your existing loans.

For more information on the SoFi program, log in to the Login to your PBA account to learn more and apply, email Jon Harold at or contact SoFi's partnership support at 1-833-277-SOFI (7634)

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Note: Loan consolidation through SoFi may affect your eligibility for federal loan forgiveness programs, including Public Service Loan Forgiveness. You should carefully consider all your options, then decide what best suits your individual situation.
SoFi is available to residents in these states
1To earn the $300 Welcome Bonus, you must apply on the PBA SoFi Program site by logging in to the PBA Member Portal. When your loan is funded, you earn $300.