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SOFR Rate

The SOFR Rate for September 2023 is 5.3%.
With any change to the SOFR rate, variable rate loans will re-amortize and a repayment schedule will be provided that includes your new monthly payment, interest rate (margin plus SOFR), and the effective date of your new monthly payment amount.
Note: The repayment schedule interest rate does not reflect the Auto Pay discount as payments are not calculated with the discounted interest rate.
Public Service Loan Forgiveness

Public Service Loan Forgiveness is not available on private student loans. Important Notice: The recent federal student loan announcement regarding one-time student loan cancellation is applicable to federal student loans only and does not include private student loans.
Please note, private student loans are not eligible for a refund of payments made during the Covid-19 Forbearance.

Account Notifications

Notifications are available before your bill is due, when your payment posts to your account and if your account becomes past due.

Paperless Management

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Repayment Assistance

Figure may offer Repayment Options to temporarily postpone your monthly payment.

Learn More about repayment assistance

Cosigner Release

Figure does not offer a cosigner release program. You may apply for a new loan without a cosigner at Figure.com