Is it possible to refinance both federal and private student loans? February 24, 2020 22:53 Updated Yes, SoFi will consolidate all qualified education loans. Related articles Will applying for a student loan refinancing affect my credit? Can my spouse and I refinance and consolidate all of our loans into one? Can I refinance previously consolidated loans with SoFi? Are there origination or prepayment fees for SoFi loans? Am I eligible for a SoFi Refinance loan?