AutoPay allows you to automatically make your monthly student loan payments and receive a 0.25% interest rate discount while enrolled. Below are the steps to enable, update, or cancel AutoPay for your SoFi Student Loans.
Enable AutoPay
✅ Once enrolled, you’ll receive the 0.25% AutoPay interest rate discount
Log in to your SoFi Profile
Select the loan(s) you want to enroll in AutoPay
On the Monthly Payment card, click Set Up next to Autopay Off
Choose a payment option: Pay the minimum or Pay extra, save on interest
Click Next and enter your ACH bank information
Review and check the acknowledgment box for the Automatic Payment Authorization
Click Set Up AutoPay to complete enrollment
Update AutoPay
Log in to your SoFi Profile
Select the loan(s) you want to update
On the Monthly Payment card, click Edit next to Autopay On
Choose a payment option: Pay the minimum or Pay extra, save on interest
Click Next and either enter new ACH information or select an existing account
Review and check the acknowledgment box for the Automatic Payment Authorization
Click Update AutoPay to save your changes
Cancel AutoPay
⚠️ Important: Canceling AutoPay will remove the 0.25% interest rate discount
Log in to your SoFi Profile
Select the loan(s) you want to remove from AutoPay
On the Monthly Payment card, click Edit next to Autopay On
Select Cancel AutoPay (shown in red at the bottom of the screen)
Confirm by clicking Cancel AutoPay, or select Keep AutoPay to exit