AAP Insurance Special Programs

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. After hearing from AAP members, we understand these challenges and are pleased to provide you with this exclusive membership benefit.

The average lifetime savings is $15,767 when members refinance to a shorter term.* As a member of the AAP, you can earn a $500 Welcome Bonus when your loan is disbursed by applying here.


Overview of SoFi:

  • Competitively low, fixed and variable rates
  • No application or origination fees, no pre-payment penalty
  • $500 Welcome Bonus1
  • Refinance and consolidate both federal and private loans
  • Quick, easy online application process
  • Dedicated SoFi associate to assist you from start to finish
  • Additional benefits like entrepreneurial coaching, Unemployment Protection, and much more

Important Questions:

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How does SoFi work?

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 infographic for more.

Am I eligible for this program and a SoFi loan?

The SoFi Student Loan Refinancing Program is open to all current AAP 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 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.

Can I refinance both federal and private student loans?

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.

What is the difference between consolidation and refinancing?

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.

Have more questions?

For more information on the SoFi program, visit sofi.com/aap or contact your dedicated SoFi representative, Jenna Catic. Or you may call her at 1-855-456-SOFI (7634) to get started today!



Lifetime savings calculation of $15,767 is based on all SoFi members who refinanced their student loans between January 2017 and April 2018. The savings calculation is derived by taking the estimated lifetime cost of existing student loans minus the lifetime cost of SoFi loans upon refinancing for members who refinanced their student loans. SoFi’s lifetime savings methodology for student loan refinancing assumes: 1) members make all payments on time; 2) members make monthly payments for the full duration of their loan; and 3) members take advantage of AutoPay, which enables them to lower the APR of their loan by 0.25%. SoFi’s average lifetime savings methodology for student loan refinancing excludes refinancings in which: 1) members elect SoFi loans with longer maturity than their existing student loans; 2) the term length of the member’s original student loan(s) is greater is than 30 years; 3) the member did not provide correct or complete information regarding his or her outstanding balance, loan type, APR, or current monthly payment. SoFi excludes the above refinancings in an effort to maximize transparency on how we calculate our average lifetime savings amount and to minimize the risk of member data error skewing the average lifetime savings amount.

1 To earn the $500 Welcome Bonus, you must apply through the AAP Insurance Program partnership. When your loan is funded you earn the Welcome Bonus.

SoFi is available to residents in these states

AAP Insurance Application Portal

Apply Online Today Safely and Securely...


Applying is easy and takes just a few minutes. Click on the link to log in with your AAP member credentials. When you apply through this site, you are eligible to earn the $500 Welcome Bonus for AAP members.

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