Mad About Grad: Private Graduate School Loans for the Modern Student
One of the biggest investments a student can make is pursuing a graduate degree. Today, more than ever before, more people are taking on a larger amount of debt for master’s programs. We at SoFi believe you should be able to focus on your degree, not your debt. With our newly launched SoFiPrivate Student Loans for graduate school, we want to help you get low-rate loans that you can pay back on your own terms.
Just like our undergraduate student loans, launched earlier this year, our graduate school loans have no fees, competitive rates, flexible repayment options (deferred, interest-only, partial, and immediate), and a mobile-first experience. In addition to this, those pursuing their MBA or law degree will have access to specialty graduate pricing.
So Why Did SoFi Decide to Do Private Student Loans?
Since 2012, we have helped over 250,000 members refinance their student loans. We wanted to do more – and do it better – which is why we set out to launch Private Student Loans earlier this year. Just as we have done for student loan refinancing, we are bringing the same ease and transparency to the private student lending application process, helping students and parents make the right decision for their unique needs from the beginning.
We designed our application process for the modern student, with user-friendly features and an all-online process that takes minutes to complete. We also offer live customer support seven days a week.
In the spirit of transparency, we believe it is important to exhaust all of your federal grant and loan options as well as scholarship applications before you consider private student loans from any lender. However, if you do decide that a private student loan is right for you, you can expect a trusted, fast, and seamless experience from SoFi.
We at SoFi also believe it is important to set our members up with the resources for financial success, so as a SoFi member, you will have access to exclusive benefits like networking events, complimentary financial planning, and career coaching through our partnership with Korn Ferry. In addition, our online resource center, SoFi Learn, is home to over 500 articles, guides, budgeting tools, student debt calculators, and more that can help guide you in the decision-making process on taking out a private student loan.
In the coming weeks, we will be launching a parent product for Private Student Loans, so stay tuned. Right now, we are excited to welcome both undergrad and graduate students to the SoFi family!
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SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC), and by SoFi Lending Corp. NMLS #1121636 , a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law (License # 6054612) and by other states. For additional product-specific legal and licensing information, see SoFi.com/legal.
SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. You should exhaust all your federal student aid options before you consider any private loans, including ours. Read our FAQs. SoFi Private Student Loans are subject to program terms and restrictions, and applicants must meet SoFi’s eligibility and underwriting requirements. See SoFi.com/eligibility-criteria for more information. To view payment examples, click here. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change.