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When deciding between online classes (also called e-learning) and in-person classes, you need to consider the perks and drawbacks of each. Online learning may offer more flexibility, while in-person classes might provide better face-to-face interaction and networking opportunities.

Since the 1950s, schools have used e-learning tools, starting with slide projectors and TV-based classes. Online learning gained significant traction during the pandemic when students couldn’t attend in person, forcing schools to rethink and redesign the learning process. Although enrollment in online courses has dipped a bit recently, it’s still a popular choice, with about 52% of higher education students enrolled in online or distance learning programs in 2024.

Even though more than half of college students opt for some form of online learning, the choice between online and in-person classes ultimately depends on what works best for you.

Keep reading to learn the differences between online vs. in-person classes and find out which one might be a good fit for you.

Advantages of Online Classes

As technology advances and more schools launch online learning opportunities, the appeal of distance learning may pique your interest. So if you’re wondering whether online classes are right for you, here are some of the advantages to consider.

Flexibility

Whether you’re juggling a full-time job, raising a family, or handling a bit of everything, it can be a challenge to balance it all. This can make finding time for in-person classes feel nearly impossible. Online classes let you fit your studies into a schedule that works for you, as long as you meet the deadlines. Plus, with internet access, you can usually work on your courses from just about anywhere.

Convenience

Driving from appointments to work and then to school can quickly eat up your free time and your gas budget. Online classes can save you that commute time, giving you more time to study and do the things you enjoy.

Cost Savings

Online courses are often easier to budget for than in-person programs. A big reason is that you don’t have to worry about extra costs, such as gas, parking, and meals. Plus, some online education providers offer credits that can be transferred to universities, which can help lower your tuition bill. However, you will need to check if the online provider fulfills your desired university’s criteria for credit transfer.

Self-Paced Learning

Everyone learns differently. Some people are visual learners, while others need to listen to grasp the coursework. Online courses can give you the flexibility to learn in the way that works best for you. For example, your school might offer different options for how you receive coursework and resources, such as e-books, PDFs, and lecture recordings.

Recommended: Tips for Navigating Night Classes

Advantages of In-Person Classes

In-person classes also come with perks. Here’s a look at some of the benefits of attending classes in person.

Face-to-Face Interaction

Interactive learning can make it easier for some students to absorb and comprehend the material. Being on campus and working on projects may help you understand the content better and allow you to connect with your classmates and professors.

Structured Environment

Some students need structure to learn effectively. In-person classes in classrooms, labs, and lecture halls offer focused, distraction-free environments where you can stay fully engaged in your lessons. They’re places where you can really concentrate on your studies without worrying about car alarms, barking dogs, or ringing phones breaking your focus.

Access to Resources

When you attend school in person, you have access to a wide range of resources, such as libraries and tutoring programs. One of the most valuable resources is your professor, whom you can ask questions, get feedback from, and visit during office hours for extra support. With online classes, you might have to wait a bit to get a response, and some resources may require a visit to campus to use them.

Networking Opportunities

In-person classes offer unique networking opportunities that are hard to match online. If you thrive in a classroom setting, enjoy face-to-face interactions, and like getting involved in clubs and organizations, in-person classes could be a great fit. Being on campus helps you naturally connect with peers, professors, and guest speakers, which can build valuable relationships and a strong professional network for when you’re ready to launch your career.

Recommended: College Freshman Checklist for the Upcoming School Year

Challenges of Online Classes

While online classes offer plenty of benefits, there are also some drawbacks to keep in mind.

Self-Discipline and Time Management

Like working from home, online study requires self-discipline and time management skills. Without a set class schedule that keeps you in a specific place at a certain time each week, it can be tough to stay on track, especially if you’re prone to procrastination. If managing your time is a challenge, you might find it harder to fully benefit from what online learning has to offer.

Technical Requirements

To take online courses, you’ll usually need access to a computer and the internet. For some students, this can be a costly challenge if they need to upgrade their computer or increase storage space. Plus, if your internet goes down or your computer crashes, it can keep you from completing important coursework.

Limited Social Interaction

While online students will get to know their professors, they might never actually meet them in person. Also, it can be harder to build relationships with classmates since interactions aren’t face-to-face. Connecting with your professor and other students might require more effort, which could be a drawback for some when taking online classes.

Challenges of In-Person Classes

Here are a few drawbacks to consider if you’re thinking about enrolling in on-campus classes.

Commuting and Scheduling Conflicts

For students who don’t live on campus, commuting to in-person classes can be time-consuming, tiring, and costly, not to mention the stress of dealing with traffic every day. If you’re considering an on-campus program, it’s important to think about how the daily commute might impact your schedule and energy levels.

Potential Distractions

Being on campus can sometimes mean dealing with unexpected distractions, such as noise in common areas, interruptions from classmates, the use of devices, or other activities going on around you. Certain distractions can make it harder to stay focused during study sessions or class time.

Higher Costs

In-person classes often come with extra expenses, such as gas, parking, and on-campus meals. While these expenses can add value by providing access to facilities and resources, they are something to consider when determining what your total cost of attendance will be.

Choosing the Right Format

Even after weighing the pros and cons of online versus in-person classes, it can be hard to choose. Each has its benefits, so it really depends on your learning style, flexibility, and needs.

To help you decide, consider:

•   How you like to learn

•   Your other responsibilities, like a job or family commitments

•   Whether commuting is easy for you

•   Your academic and career goals

For example, if you’re self-motivated and good at managing your own tasks, online classes might be a great fit. But if you find home distractions make it hard to focus, the structure of an in-person classroom might suit you better.

Also, remember that some schools offer hybrid learning, where you can mix both in-person and online classes. This way, you can enjoy the best of both worlds.

The Takeaway

Deciding between online and in-person classes (or a mix of both) is all about finding what works best for you. Each option has its perks and drawbacks.

Online classes might give you more flexibility and help you save money, making them a good choice if you’re on a budget or have a busy schedule. On the other hand, in-person classes often offer a more structured environment, which can be ideal if you thrive on routine. No matter your learning style, it’s all about choosing what fits your needs best and sets you up for success.

Last but not least, you’ll need to find a way to pay for your classes. Your options include cash savings, scholarships, grants, and federal and private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

Are online classes easier than in-person classes?

Online classes aren’t necessarily easier than in-person classes because they require self-discipline, time management, and motivation. While online courses offer flexibility, they often have similar workloads and expectations as traditional classes. Success depends on a student’s ability to adapt to the online learning environment and stay engaged with the material.

Can online classes be just as effective as in-person classes?

Yes, online classes can be just as effective as in-person ones, maybe even more so, depending on how you learn. If you need hands-on experiences and face-to-face interaction, in-person classes might be a better fit. But if you like working at your own pace and managing your own schedule, online classes could be the way to go.

How do I stay motivated in an online class?

To stay motivated in an online class, set clear goals and create a study schedule. Break tasks into manageable steps, participate actively in discussions, and stay organized. Find a quiet, dedicated workspace, connect with classmates for support, and reward yourself for meeting milestones to maintain engagement and accountability.

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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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Certificate programs offer a flexible, focused, and often more affordable way for individuals to gain specialized skills and knowledge without committing to a full degree program. Whether you’re a student looking to supplement your education, a working professional seeking career advancement, or someone wanting to switch industries, certificate programs provide valuable credentials in a shorter time frame than a degree.

Keep reading to learn what certificate programs are, their benefits, and how to choose the right one to meet your personal and professional goals.

What Is a Certificate Program?

Certificate programs are courses or vocational training provided by colleges or professional associations that last less than two years, and they often last less than one year. They can prepare you for work in trade, technical, and vocational careers.

Trade schools prepare you for jobs such as a welder, electrician, and cosmetologist. Vocational schools focus on in-demand jobs that can be trained for in two years or less, such as a paralegal or a dental assistant. Technical schools teach skills for one trade and typically involve hands-on, practical training. Programs include HVAC, auto repair, and some nursing certifications.

Professional certifications are typically earned by passing an exam from a third-party professional group (and may need to be renewed). Licenses are awarded by government agencies and may require meeting certain requirements to work in a specific occupation. Certificates can also be career training programs for bachelor’s degree holders to expand their expertise without earning a degree. For instance, a marketing professional can enroll in a social media marketing course, a niche area of marketing, to broaden their skill set.

Certificate Programs vs College Degrees

Certificate programs and college degrees differ in curriculum, program length, cost, and program outcome.

Curriculum: Colleges integrate general education courses with specialized study, whereas certificates teach only the skills for a trade or subject and typically have no education requirements

Length: Certificate programs are shorter. College degrees require a minimum of two to four years for full-time students. Certification can sometimes take just one month but is typically three to four months for one-off courses. Training programs for certifications are usually one to two years.

Cost: A college education has a substantial price tag. The average college tuition and fees for 2025-2026 were $11,950 for full-time in-state students at public four-year colleges and $45,000 at private nonprofit four-year institutions, according to College Board. Certificate program costs vary, but they generally have lower program costs than degrees.

Program outcome: Program outcomes differ. Certificates train students for a specific skill and immediate placement in careers with those skills, while college programs provide an extensive and expansive education that can provide opportunities in multiple disciplines within a field. For instance, someone who earns a bachelor’s in economics can enter finance analytics, business consulting, and various disciplines in finance-related fields.

Recommended: A Guide to Choosing the Right College Major

How Long Are Certificate Programs?

Certificate programs can range from a few weeks to two years. The University of San Diego’s paralegal program can take four to eight months to complete, for example. A cosmetology program at Fullerton College in California requires 1,600 hours of instruction, so the program length depends on you and the field you are planning on studying.

Types of Certificate Programs

The two most common types of certificate programs are undergraduate and graduate. They follow compulsory education, and outside of a degree, provide education needed for specific fields such as business, administration, and healthcare.

Undergraduate

Undergraduate programs build technical skills and subject mastery via career training programs or one-off courses. Enrollees usually must have a high school diploma for certain courses. They can often be completed in one academic year or less.

Some programs, such as cosmetology, can lead to state licensure at the end of the program. Ensure your program is formally accredited by the state or professional organization and will prepare you for required licensing exams.

Graduate

Graduate courses enhance a college degree. Students test and earn a certificate to satisfy course completion without earning a degree. Some courses require prior knowledge of a topic. For example, students employed in computer engineering can earn a certificate in a new computer language.

They are offered by universities and colleges, and programs are credit-based. Some programs’ credits can be transferred to other colleges.

Online Certificate Programs

Online certificate programs offer multiple advantages, with convenience being at the top of the list. The online universe has a library of extensive certificate programs, and prestigious courses are accessible to everyday learners. For example, Coursera and edX offer online courses from university partners. Also, MOOCs (massive open online courses) offer free and paid programs from universities, nonprofits, and for-profit companies.

Online courses also offer flexibility. Asynchronous courses, those without a specific meeting time, allow students to take a course at their own pace. You can access pre-recorded content anytime and follow class discussion on comment boards. On the other hand, synchronous online programs are more restricted to a schedule. They work like in-person courses where students attend live online lectures, meet due dates, and engage in online class activities.

Finally, online courses may be less expensive than in-person ones. Cutting the commute and certain campus fees can result in lower overall prices than in-person learning.

Not all certificate programs offer online learning. Hands-on vocations, such as landscaping, plumbing, and electrical engineering, often require apprenticeships to demonstrate material understanding and to meet minimum requirements.

Is a Certificate Program Right for You?

Certificate programs might be a good fit if you want to try a trade career. They are a lower-cost way to test out vocations than a degree program. And college credits from some courses can be put toward a formal college degree if you decide to pursue a bachelor’s.

If you want to learn a new skill for work, graduate certificate courses are one alternative to a master’s or professional degree. For instance, some companies will pay employees to get a Project Management Professional (PMP) certificate to better equip their employees and improve workforce productivity.

Certificate programs are a great way to kick-start a career change. Some popular certificate programs for career changes include business analysis, law, human resources, and accounting. They are offered by professional organizations, such as the American Institute of Certified Public Accountants for accounting.

Program Type	Certificate Programs	Certification Programs	College Degrees
What do you gain?	Add skills with specific courses for your current job	Fast-track into trade careers or career advancement	Gain career opportunities not limited to trade vocations
How long do you study?	Programs last a few weeks to a few months	Programs last a few months and up to two years	Programs for full-time students last two to four years
How many credits are programs?	15-30 credits, though requirements may vary	4-30 credits, requirements may vary	60 for associate, 120-130 for bachelor’s, and 30-60 credits for graduate programs
This program is good for…	Kick-starting a career change; adding skills to your existing job	Starting a new career (usually in trade vocations); advancing careers into management	Starting a new career or changing a career

Benefits of a Certificate Program

Certificates can propel students directly into the workforce with in-demand skills. Future success in earnings depends on the trade field you choose. For instance, the median annual earnings for a dental hygienist were $94,260 in 2024, according to the Bureau of Labor Statistics (BLS). In comparison, the median wage for cosmetologists was $35,420 in 2024, according to the BLS.

Certificates can also complement a college degree or help a professional acquire skills to advance upward within a field. A marketing professional can expand their skillset with niche training. And it pays to learn. In Coursera’s 2025 Learner Outcomes Report, 91% of learners reported at least one positive career outcome after completing a course or program.

Certificate programs can also save time and money. Programs are fewer credits than full degrees and are shorter in length, so cost substantially less than a degree.

Drawbacks of a Certificate Program

Certificates alone can increase income value modestly — and the gains can be diminished in a rapidly evolving workplace. Some studies even show negative returns for certificate holders without a college degree, according to the nonprofit New America.

One BLS report shows bachelor’s degree holders earn median weekly earnings of $1,541, while “some college or associate degree” earners make $1,057 per week on average.

Furthermore, more vocations require a college degree. According to BLS, a bachelor’s degree is required for 178 occupations while an associate degree or a postsecondary nondegree award is required for only 99 occupations.

While certificate programs equip you with skills to land an entry-level job after a short time, they may not pay off in the long run.

What to Look for in a Certificate Program

Evaluate programs by accreditation: Quality courses are accredited by the U.S. Department of Education or the Council for Higher Education Accreditation. They might also be verified by certifying bodies within that industry, such as HRCI for Professional Human Resources certification.

Determine flexibility: Some learners might benefit more from in-person courses, while an online course can give busy learners an opportunity to gain valuable expertise and skills. Furthermore, an asynchronous program can provide further flexibility for students who have unpredictable schedules.

Look out for for-profit institutions: For-profit programs can be more expensive, and outcomes vary. Use tools such as the College Scorecard to compare costs, graduation rates, and typical earnings.

What Certificate Programs Are in Demand in 2026?

There’s no shortage of demand for certificate programs. The National Center for Education Statistics says the proportion of all certificates conferred by public institutions increased from 53% to 70% from 2011-12 to 2021-22.

Top certification categories in demand in 2024, according to the International Association of Career Coaches, included:

•   Information Systems and Cybersecurity: ($73K to $123K average salary)

•   Project Management: ($99K to $122K average salary)

•   Healthcare: ($41K to $203K average salary)

•   Finance and Accounting: ($72K to $111K average salary)

•   Human Resources: ($65K to $128K average salary)

The top-paying certifications included:

•   Certified Registered Nurse Anesthetist: $203K

•   Google Cloud Professional Data Engineer: $129K

•   Global Professional in Human Resources: $128K

•   AWS Certified Solutions Architect: $123K

•   Chartered Financial Analyst: $104K

•   Certified Professional in Healthcare Quality: $100K

Coursera offers Professional Certificate programs, including Google Cybersecurity, Google Data Analytics, Google IT Support, Google Project Management, Google UX Design, IBM Data Analyst, IBM Data Science, and Microsoft Power BI Data Analyst.

How to Pay for Certificate Programs

When deciding how to pay for certificate programs, it’s important to explore all your options. Some might include savings, student loans, and other forms of financial aid.

To get a student loan for a certificate program, you can fill out the Free Application for Federal Student Aid (FAFSA®). The FAFSA will tell you what you qualify for, including federal student loans, grants, and scholarships.

You can also look into private student loans. Private student loans are given by banks, credit unions, and online lenders. While they don’t offer the same benefits and protections as federal student loans, they can be a good option for students who need funding to pay for their certificate program.

Recommended: Guide to Student Loans for Certificate Programs

The Takeaway

Certificate programs can start, enhance, or change careers for learners. They can prepare students for immediate placement in a specific trade without a college degree. They can also boost your career by providing specialized skills, enhancing your qualifications, and demonstrating expertise to employers.

Certificate programs are less expensive and shorter in duration than college degrees. To pay for a certificate program, you can look into employer assistance programs, use cash savings, or rely on federal or private student loans.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What does a certificate program mean?

A certificate program is a short-term educational course designed to provide specialized skills or knowledge in a certain field. It typically takes a few months to two years and is aimed at enhancing career opportunities, professional development, or gaining expertise in a particular subject.

Is a certificate program worth taking?

A certificate program can be valuable for gaining specialized knowledge quickly and affordably. However, it’s important to consider the program’s relevance to your field and potential return on investment.

What are the benefits of attending a certificate program?

Attending a certificate program offers three key benefits: It provides specialized skills and knowledge in a short time, enhances your qualifications to improve job prospects, and offers a flexible, cost-effective alternative to a degree, allowing you to advance your career or switch fields efficiently.

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Photo credit: iStock/PeopleImages

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

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It’s no secret that college is pricey these days. However, there are colleges that will pay you to attend. Some of these schools cover the full cost of attendance, others waive tuition fees, and some offer substantial scholarships to a large number of students each year.

If you’re looking for a college that pays you to attend, read on for our list of colleges that help students afford their higher education goals.

What It Means for a College to Pay You

Many students struggle to figure out how to pay for college. Luckily, there are colleges that are sympathetic to how challenging it is to afford the cost of higher education.

There’s no specific formula that colleges follow to cover the cost of attendance for students. While some colleges cover the entire cost of attendance, others may choose just to cover some of the more substantial costs, such as tuition. Online colleges can cover tuition while also helping students save money by living at home with their parents.

Recommended: 20 Ways to Save Money in College

Finding Colleges That Will Pay You

Paying for college with no savings — or even with savings — can be difficult. You’ll need to do some digging to find a college that offers the program you’re looking for, is in the right location, and makes attendance affordable. To help you kickstart your research, these are some colleges that take part or all of the financial strain off students hoping to earn a degree.

Curtis Institute of Music

If you’re musically inclined, you’ll appreciate that all students at the Curtis Institute of Music qualify for merit-based, full-tuition scholarships. Located in Philadelphia, Pennsylvania, this is a tricky school to get into — it has only a 4% acceptance rate — but those who get in will enjoy a 4:3 student-to-faculty ratio.

Mizzou University of Missouri

If you’re an undergraduate with Pell Grant eligibility and have an interest in attending the University of Missouri, home to the world’s first school of journalism, you may be able to attend tuition-free. During the 2023-24 academic year alone, the University of Missouri spent $207 million on scholarships and other forms of gift aid.

Deep Springs College

Deep Springs College is a two-year liberal arts college near Big Pine, California. Each student offered admission receives a full scholarship, valued at over $50,000, that covers both the cost of tuition and room and board.

Davidson College

If you earn the Belk Scholarship as a Davidson College attendee, it fully covers tuition, fees, housing, and meals, along with stipends for exploring opportunities on and off campus. Thanks to the John M. Belk Endowment, 32 Belk Scholars are enrolled, with eight new students chosen each year. Davidson College is located in Davidson, North Carolina, just outside of Charlotte.

Recommended: 10 Most Common Types of Scholarships for College

Berea College

Since 1892, all Berea College students have paid $0 in tuition. In addition to saving on tuition, during the fall 2025 semester, 85% of incoming students attended at no cost, with Berea covering tuition, housing, meals, and fees. The catch? You need to demonstrate strong academic potential to earn acceptance to Berea College. Students need a minimum ACT score of 19 and must rank in the top three-fifths of their high school class.

Online Colleges That Will Pay You to Attend

While many students are eager to attend college in person to enjoy all that campus life has to offer, some prefer the convenience of online college. The good news is there are online colleges that pay you to attend — some of which also offer in-person learning opportunities.

Before you commit to all the expenses that come with a dorm room, check out these colleges that pay you to attend online. Who doesn’t love a college with free tuition and classes you can attend in your pajamas?

Barclay College

If you want to live in a dorm but are struggling to afford the costs of both tuition and room and board, Barclay College may be the right fit for you. If you choose to live on campus full-time at Barclay College, located in Haviland, Kansas, you qualify for a $20,000 scholarship that balances out the cost of the tuition. Barclay College also offers scholarship and grant opportunities for its online students, including a $600-per-semester scholarship for full-time students, so you don’t necessarily have to live on campus to benefit from Barclay’s financial aid opportunities.

University of the People

University of the People advertises its school as the “world’s first tuition-free accredited, 100% online university.” Its tuition-free model makes earning a college degree more affordable, but you will need to budget for some minimal fees. However, you may qualify for a scholarship to cover those costs.

Recommended: 10 Most Affordable Online Colleges in the United States

Finding Generous Financial Aid Packages

Before going to college, you need to do some serious research on how you will pay for it. One way to avoid taking on high-interest private student loans at any school is to apply for financial aid packages (both need-based and merit-based).

Need-Based Aid

If you can demonstrate financial need, you may qualify for need-based aid such as grants. College grants don’t need to be paid back. So unlike a loan, you can enjoy the money completely free of charge and can use it to pay for school.

Merit-Based Scholarships

Unlike grants, scholarships aren’t typically based on need but are merit-based instead. Time to get organized and start applying for scholarships. Like grants, you don’t need to pay scholarship money back.

Tuition-Free College Options

If you’re looking to attend college for free, joining the military can be a great way to give back to your country while also avoiding taking on student loan debt. Some employers also cover the cost of employee education.

Military Service Incentives

Each branch of the military provides college scholarships to qualified students, covering tuition, books, and fees, along with offering stipends. In exchange for the scholarship, students commit to serving in the military. After graduating, they begin their careers as commissioned officers.

The military also offers various programs to help veterans pay for college. The Post-9/11 GI Bill covers tuition, housing, and supplies, while the Montgomery GI Bill and Tuition Assistance programs offer additional funding. Some programs also support dependents, making higher education accessible for veterans and their families.

Recommended: Student Loans for Military Dependents

Employee Benefit Programs

If you work for a large company, you may be surprised by the education benefits that are available, such as tuition assistance programs. Why would an employer be willing to pay for your degree? Companies offer tuition assistance because college courses help employees gain valuable general and specialized skills, such as communication and data analysis, that increase their market value and earning potential. Although this investment can be costly for employers, it allows workers to obtain degrees or credentials that benefit both the employee and the company by improving job performance and career prospects.

The Takeaway

When searching for the right college, money matters. Between tuition, room and board, transportation, and books and supplies, attending college can be expensive. It can take quite a bit of research and effort to find the perfect fit, but there are colleges out there that do their best to make attending more affordable. Between tuition-free programs, grants, and scholarships, there are ways you can avoid taking on too much debt as you earn a college degree.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What are the requirements to receive pay at college?

A variety of colleges — both in-person and online — pay students to study. You can contact the admissions and financial aid offices at the schools you apply for to learn more about how you can receive financial support.

Are there tax implications for pay from colleges?

If you earn a scholarship or fellowship to pay for college, you won’t have to worry about paying taxes on that money as long as you meet two criteria. You must be a candidate for a degree at an eligible educational institution and use those funds to pay qualified education expenses.

Are there limits on how much colleges will pay?

Yes, there are limits on how much colleges will pay through financial aid. Federal student loans, grants, and scholarships have annual and lifetime caps. Colleges may also limit institutional aid based on financial need or merit. Students may need to seek additional private loans or funding sources.

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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

photocredits: iStock/ferrantraite
SOISL-Q126-051

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Reserve Officers’ Training Corps (ROTC) offers college scholarships to students who commit to serving in the U.S. Armed Forces after graduation. ROTC college scholarships can cover significant college costs, including tuition and other fees. While in college, you get to experience campus life just like any other student. However, once you graduate, you step into a role in the U.S. Armed Forces.

Keep reading to learn about ROTC eligibility requirements, service commitments, and how to apply.

What Are ROTC College Scholarships?

In 1916, Congress passed the National Defense Act to strengthen the military reserve and National Guard. This led to the creation of ROTC scholarships, encouraging more students to join and introducing many young people to military opportunities.

Today, the ROTC program stands as a unique educational path, blending military science courses with traditional college classes and preparing students to become officers in the U.S. military after graduation. ROTC scholarships may cover college costs, such as room and board, fees, and tuition, but they aren’t guaranteed upon joining. Like other scholarships, they’re competitive and require students to earn them.

If you get an ROTC college scholarship, you’re committing to serve in the military after college — for at least 3-10 years, depending on the program. Some candidates might even have the chance to serve part-time in the U.S. Army Reserve or Army National Guard while kick-starting their civilian careers.

Recommended: What Types of Scholarships Are There?

How Much Does ROTC Pay for College?

ROTC offers scholarships lasting 2-4 years, depending on your remaining time until graduation. Eligible students can receive up to full coverage for tuition, room and board, and fees.

Types of ROTC Scholarships

Here’s a breakdown of the scholarship options and the qualifications you need to meet.

Army ROTC Scholarships

The Army ROTC Scholarship program offers financial support for students who want to become U.S. Army, Army Reserve, or Army National Guard officers after earning their bachelor’s degree. Scholarships are available for two, three, or four years, depending on how much time you have left in school.

These scholarships cover full tuition and provide additional financial support. You’ll receive up to $420 monthly during the school year to help with living expenses and $1,200 annually for books.

You’re not required to commit to serving as an Army officer until your junior year. When you sign a contract, you can serve part-time in the Army Reserve for eight years or full-time on active duty for 3-4 years, depending on whether you receive an ROTC scholarship.

Army ROTC also offers a nursing program for candidates considering a nursing degree.

Navy and Marine Corps Scholarships

The Navy ROTC (NROTC) college scholarship program is designed to help you become a strong leader and successful Navy or Marine Corps officer. With this program, you’ll have the chance to participate in three summer training cruises with Navy surface ships, aviation squadrons, and submarines. You can use your scholarship money to cover tuition and fees or room and board, and you’ll receive a monthly stipend starting at $250, which increases each year.

The program allows you to explore a variety of career paths, including nursing, aviation, surface warfare, submarine warfare, and special warfare, all while enjoying a traditional college experience.

For those on an NROTC scholarship, the service obligations are pretty straightforward. Navy midshipmen must serve at least five years of active duty, with additional requirements for certain roles. The Marine Corps and Navy Nurse Corps must serve at least four years on active duty.

Air Force ROTC Scholarships

The Air Force ROTC (AFROTC) program can cover full college tuition and authorized fees at any qualifying institution, setting you up to become a leader in the U.S. Air Force or Space Force. Depending on your scholarship, you may also receive a monthly stipend for living expenses and a $900 annual book stipend. The monthly stipend ranges from $300-$500 during the academic year.

If you’re a high school scholarship recipient, your travel expenses from home to college are covered, with reimbursement typically arriving about 30 days after school starts. However, the scholarship doesn’t cover room and board.

After completing the AFROTC program and earning your degree, you’ll be commissioned as a second lieutenant in the Air Force or Space Force. Service commitments vary by career — most officers serve four years, pilots serve 10, and combat system officers and air battle managers serve six years.

JROTC Scholarships

If you’re interested in starting a military career early, consider joining the JROTC while still in high school. Eligible cadets can begin earning school-specific scholarships as early as 9th grade.

Some schools offer up to $6,000 per year for JROTC participants, with additional funds of up to $3,375 annually for cadets in leadership roles. It’s a great way to kick-start your path toward a military education and leadership experience.

Many cadets may use the JROTC program as a springboard to qualify for the ROTC scholarship. However, it’s not a requirement.

Eligibility Requirements and Service Commitment

To qualify for an ROTC college scholarship, you need to:

•   Be a U.S. citizen

•   Be at least 17 years old

•   Have a high school diploma or equivalent

Each ROTC program has specific qualifications, requirements, and service commitments. Here’s an overview of what each scholarship program requires.

ROTC Program	Army ROTC	Navy and Marine Corps ROTC	Air Force ROTC
Eligibility Requirements	Pass the Army Combat Fitness Test (ACFT) Complete one Army ROTC elective and lab each semester	Pass Navy ROTC Applicant Fitness Assessment (AFA)	Pass the Physical Fitness Assessment Complete Physical Fitness Test within your first semester of college
Service Commitment	Complete 3-8 years depending on program	Complete 4-5 years depending on program	Complete 4-10 years depending on the program
Academic requirements	GPA of at least 2.5 Must take the SAT or ACT	GPA of at least 2.5 SAT scores of 550 EBRW, 540 Math, combined 1100, or the minimum ACT scores of 21 Math, 22 English (44 combined)	GPA of at least 2.5 SAT score of 1310 or ACT score of 28 or higher

How to Apply for ROTC

Once you confirm your eligibility, you can begin the application process with a few straightforward steps:

•   Create an account to get started with your application.

•   Complete the online application.

•   Submit required materials and documentation, such as your work history, extracurricular activities or achievements, planned college major, and a few scholarship application essays.

If you receive a scholarship, you might have to undergo a medical exam and a test to make sure you meet ROTC physical standards.

For all the details and to ensure you’ve got everything you need, it’s best to visit the official websites of the Army ROTC, AFROTC, and NROTC programs. That’s also where you’ll find the online application.

Pros of ROTC

Here are some of the benefits of qualifying for an ROTC scholarship and completing the program.

•   Leadership Development: As an ROTC cadet, you’ll learn essential leadership skills, such as setting examples, counseling, strategizing, and motivating others. These leadership skills are valuable in many career paths, including corporate management roles.

•   Military Training: ROTC gives you hands-on training in leadership, military skills, and exciting activities. You’ll learn in classrooms and out in the field while managing your college life.

•   Financial Aid: Whether you’re getting ready for college or already there, ROTC scholarships provide financial help. This support lets you pursue your education and career goals without taking on a lot of student debt.

Cons of ROTC

Here are some drawbacks worth considering before you apply for an ROTC program.

•   Scholarship Commitment: When you accept an ROTC scholarship, you’re committing to serve in the U.S. Armed Forces for a specified number of years after graduation. If you can’t fulfill this commitment, you might have to repay the scholarship funds you received, which could put a strain on your finances.

•   Service Obligation: ROTC prepares you to become an officer in the Armed Forces, so you’ll have a service commitment of 4-10 years, depending on your scholarship. This could affect your plans after college and limit your flexibility in choosing a career path.

•   Extra Academic Requirements: In addition to regular classes, ROTC programs often include extra coursework, labs, and leadership training. These can be demanding and require good time management to balance your studies and personal life.

Alternative Options

If you don’t qualify for an ROTC scholarship, there are other options available.

GI Bill

The GI Bill provides financial well-being programs for military members, veterans, and their families. Eligible individuals can receive financial support covering college tuition, fees, housing, books, supplies, and relocation costs for rural residents.

To find out the benefits you may qualify for, you can use the GI Bill Comparison Tool from the U.S. Department of Veterans Affairs. It helps you estimate what you qualify for based on your military background, the type of school you plan to attend, and whether you’ll be studying in-person or online. It’s a helpful resource for understanding the range of support available to you.

Student Loans

The U.S. Department of Education administers various types of federal student loans. For undergraduates, subsidized loans are based on financial need, with the Department covering interest during school and certain periods afterward. Unsubsidized loans are also available, where interest accrues from the beginning.

If federal loans don’t cover your needs, look into private student loans from banks, credit unions, or online lenders. These loans aren’t need-based and may require a credit check or cosigner. Compare rates and terms carefully before deciding.

Recommended: Guide to Military Student Loan Forgiveness

Out of Pocket

If you’ve been saving for college, now’s the time to make those savings count. You might have a 529 savings plan in your name, which is a special account designed for college expenses and comes with tax benefits. When you contribute money to this plan, it gets invested, and you can withdraw it later without paying taxes as long as it’s used for education-related costs. It’s a smart way to make your college savings work for you.

The Takeaway

Qualifying for an ROTC scholarship can help with college costs, tuition, and more. Just keep in mind that it also means you’re signing up for military service after college, which could be 3-10 years, depending on which program you choose. It’s a significant commitment, but it comes with valuable leadership training and sets you up for a career as a military officer.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

Can I join ROTC after starting college?

Yes, undergraduate students with at least three years remaining in their studies can typically join the Reserve Officers’ Training Corps (ROTC) program. This includes second-semester freshmen, sophomores, and other eligible students.

What GPA is required for an ROTC college scholarship?

The GPA requirement depends on the type of Reserve Officers’ Training Corps (ROTC) scholarship you are applying for. You must generally maintain a GPA of 2.5 for most of the college scholarships.

How many years of service are required after ROTC?

The service requirements depend on the Reserve Officers’ Training Corps (ROTC) program you join. The requirement usually ranges from 3-10 years.

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SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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Scholarships for African American and Black students can help them cover a portion or all of their college costs and give them more opportunities. Unlike student loans, scholarships allow students to focus on their goals without worrying about repaying the money.

Keep reading to find out what the best scholarships for African American students are, get tips for applying, and learn about different types of scholarships available.

Eligibility Requirements

Before you start applying for African American scholarships, it’s important to understand the qualifications you need to receive this gift aid. Every scholarship has its own specific requirements, but here are a few common ones you might see:

•   Strong academic performance

•   Involvement in community service

•   U.S. citizenship or residency status

•   Demonstrated leadership skills

•   Enrollment at an accredited college or university

•   Special talents or unique personal traits

•   Financial need

Recommended: How College Financial Aid Works

How to Find African American Scholarships

With so many scholarship opportunities available for African American students, there are plenty of resources to help you find ones you may qualify for. Here are some great places to start your search:

•   Your college’s financial aid office

•   Your high school counselors

•   Scholarship search tools, such as SoFi’s Scholarship Search Tool

•   State grant and federal agencies

•   Religious groups and community organizations

•   The U.S. Department of Labor’s scholarship search tool

•   Professional associations tied to your career interests

•   Nonprofit organizations, neighborhood associations, small businesses, and clubs

Types of Scholarships Available for African Americans

There are many types of scholarships available to African American students, ranging from those based on athletic achievements to extracurricular activities. However, the two most common types are need-based and merit-based scholarships.

Need-Based Scholarships

Need-based scholarships help students who can’t cover the full cost of their education. To qualify, students typically need to show that their family’s income is below a certain amount.

Scholarship committees review factors such as family income, assets, and household size to figure out how much financial help a student needs. They might ask for proof of income or Free Application for Federal Student Aid (FAFSA) details. This process ensures that scholarships go to those who need them most, making education more affordable. You can explore more about how to complete the FAFSA step by step to prepare better.

Merit-Based Scholarships

Merit-based scholarships, commonly called academic scholarships, are offered to students who perform exceptionally well in academics or possess distinct skills, often determined by grade point average (GPA) or talent. Schools, federal agencies, and local organizations often offer these scholarships to high-achieving students.

Scholarships for African American Students

Here are some scholarships for African American students to consider:

The Sphinx Competition

Scholarship amount: $3,000 to $50,000

Application deadline: October 20, 2026, for 2027

The Sphinx Competition is an annual national event in Detroit, MI, for Black and Latino string musicians, offering career opportunities and addressing barriers in these communities. Finalists get the chance to perform with the Sphinx Symphony Orchestra and compete for over $100,000 in prizes, including the top Robert Frederick Smith Prize. To apply for this scholarship, you need to submit a video audition, a biography, and a headshot.

Scholarship for Diversity in Media

Scholarship amount: $10,000

Application deadline: January 15, 2026 (closed)

The Chronicle of Higher Education’s Scholarship for Diversity in Media is for students from HBCUs and minority serving institutions who are interested in a media career. Besides the $10,000 award, winners also have the chance to join the Chronicle’s Summer Editorial Reporting Internship.

Jackie Robinson Foundation Scholarship

Scholarship amount: Up to $35,000

Application deadline: January 7, 2026 (closed)

The Jackie Robinson Foundation Scholarship honors the first African American to play in Major League Baseball by offering four-year scholarships and support services to motivated college students who need financial help. This scholarship aims to ensure award winners succeed in school and grow as leaders.

Diversity Advancement Scholarship

Scholarship amount: Up to $20,000

Application deadline: January 10, 2026 (closed)

The Diversity Advancement Scholarship is geared toward students striving to make a big difference in architecture through creativity, hard work, and support from others. To apply, you need to write an essay explaining how you think architecture can help improve communities and why this makes you excited to become an architect. You must also be planning to attend a National Architectural Accrediting Board-accredited architecture program.

Minority Natural Resource Scholarship

Scholarship amount: $1,000

Application deadline: January 31, 2026 (closed)

The Conservation Foundation’s Minority Natural Resource Scholarship offers $1,000 to minority students interested in careers like wildlife, forestry, and water conservation. It aims to increase diversity in Missouri’s natural resource agencies. To be eligible, you must be enrolled in a Missouri college and majoring in a natural resource field.

The NAACP x Society Awards Scholarship

Scholarship amount: $1,000 and $2,000

Application deadline: Spring 2026

The NAACP x Society Awards Scholarship is for students who want to pursue careers in fields such as film, theater, fashion, photography, graphic design, dance, music, journalism, or mass communications. To qualify, you must be a National Association for the Advancement of Colored People member and have a GPA of 3.0 or higher.

Frank M. Snowden Jr. Undergraduate Scholarships

Scholarship amount: $4,500

Application deadline: February 23, 2026

The Society for Classical Studies is offering scholarships for summer 2026 to undergraduate students from groups that have seen underrepresentation in the past. These scholarships offer award money to students studying classics or classical archaeology through summer programs and language training. To apply, you must be enrolled in a degree program.

Recommended: Enter SoFi’s Monthly $2,500 Scholarship Sweepstakes

Tips for Applying for Scholarships

Applying for scholarships can feel overwhelming, but with a bit of preparation and organization, it becomes much more manageable. The key is to start early and stay organized. Additionally, a guide to unclaimed scholarships and grants can help you explore all your options. Here are some simple tips to help you through the process and increase your chances of success.

•   Check who can apply: Each scholarship has different eligibility requirements. Make sure you meet all the criteria before you apply.

•   Explore all your options: There are many scholarships out there, including scholarships for current college students, and the more research you do, the more opportunities you’ll find. In fact, nearly $100 million in scholarships goes unclaimed each year because of a lack of applicants.

•   Start applying early: It’s never too early to start applying. Some scholarships are even available as early as grade school. Also, understanding how grades affect financial aid can help you prepare in advance to get your desired scholarship.

•   Take the time to prepare: Many scholarship applications require essays, transcripts, letters of recommendation, and FAFSA® information. It’s best to gather these materials ahead of time and understand how to fill out the FAFSA form so you don’t rush at the last minute and risk missing an important deadline.

•   Get (and stay) organized: Try sorting your applications by deadline so you can focus on the ones with upcoming due dates. Also, double-check that your essays meet the requirements if they’re part of the application. Scholarship workshops are available to help your application stand out.

The Takeaway

If you need extra money to pay for college as an African American student, there are many scholarships that you can apply for. Even if you’re still in high school, it’s a good idea to start looking for scholarships now. Remember that the earlier you begin, the more chances you’ll have to find the right scholarships to help with your college expenses.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

.
Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

Are there scholarships for specific African American groups?

Yes, there are scholarships for different African American groups. For example, the Diversity Advancement Scholarship is ideal for students who want to become architects, while the Conservation Foundation’s Minority Natural Resource Scholarship provides aid to students interested in environmental conservation.

Do I need to have a certain GPA for a scholarship?

Some scholarships require you to have a certain GPA, but there are others that give money to students who require financial help, are active in their community, or belong to a specific group. There are also sweepstakes scholarships you can enter simply by filling out a few basic details about yourself.

Can I apply for multiple scholarships?

Yes, you can apply for as many scholarships as you like. The more you apply for, the better your chances of receiving money to help pay for your college education. Just make sure you check the eligibility requirements of each scholarship and take your time with each application.

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About the author

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photocredits: iStock/dragana991

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 3/2/2026 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

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