Student Loan Refinancing

Save money as you pay it back

Student loan refinancing is part of Grainger’s voluntary benefits offerings. By refinancing your student debt through SoFi, you can save on the total amount of loan interest, get lowered monthly payments or shorten the length of a loan.

How It Works

  • The student loan refinancing process is fast, easy, and can be done entirely online.
  • You select your rate and term and complete all the paperwork electronically. SoFi then pays off your current loan servicer(s) and issues you one new student loan. 

Student Loan Refinancing Snapshot

Who is eligible?

All Grainger team members and their family members and friends.

What is it?

A way to consolidate your existing student loans and switch to one low-rate monthly payment.

Why participate?

  • Save thousands of dollars thanks to low fixed and variable rates.
  • An additional 0.25% discount on the loan rate when you apply online.
  • Simple online application. You can get prequalified in just two minutes, and applying does not affect your credit score.
  • Access to live customer support 7 days a week.
  • No application or origination fees.
  • No pre-payment penalties.
  • Added benefits like unemployment protection, no-cost career coaching and financial planning advice– draft your will for free.

What to do

For more information and to apply anytime, visit  

college debt, college loan, college loans, refi, refinance


When Coverage Ends

If You and Your Spouse or Domestic Partner Are Both Grainger Team Members

Special Savings Offers


Profit Savings Plan

Retirement Benefit Questions (65+/Medicare-eligible [including disabled early Medicare eligible] and pre-65 eligible retirees/dependents)

Medicare Plan Options Questions (65+ or early Medicare retirees with or without Grainger Retiree Health)


Connect with a Benefit Pro

Access the Provider Search Tool

Keep in Mind

Enroll Now

2022: Your Cost for Coverage

When Coverage Ends

If You and Your Spouse or Domestic Partner Are Both Grainger Team Members

Special Savings Offers


Profit Savings Plan

Profit Sharing Plan Historical Plan Information Pre-2021

Dear Team Member,

The last 18 months have pulled us in all sorts of directions and presented several new challenges. Many of you have had to adapt to an ever-changing lifestyle that includes homeschooling kids, working overtime, taking care of loved ones, and worrying about finances. At Grainger, we recognize the toll these changes take on your personal wellbeing. And while I’m proud to say you’ve continued to provide exceptional customer service despite these challenges, it’s just as important to put the same attention on yourself.

We want you to be your best, not only at work but at home. That’s why we’ve made some enhancements to our benefits programs to better support your emotional, financial, physical, and social wellbeing. These new programs will provide access to short-term cash, one-on-one financial coaching, or stress management support. Over the last year, we built a strong foundation of wellbeing resources to ensure you have more choice and flexibility with your benefits.

This Annual Enrollment Decision Guide will help you navigate the robust benefits that Grainger offers and support you in making your elections for 2022. Annual Enrollment will run from October 11 to 29, 2021. Now is the time for you to take action for you and your family’s wellbeing. We have more plans underway to continue to enhance our wellbeing offerings and we’re excited to share these with you soon.
As always, thank you for all you continue to do for each other, our organization, and our customers.

Stay well,
Kathleen Carroll
SVP & Chief Human Resources Officer

LinkedIn: Kathleen Carroll
Instagram: @KathleenSCarroll
Firstup: @kathleen.carroll8