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Mobile deposit is a fast, easy, and convenient way to deposit a check without going to the bank. You just snap a photo of your check with your smartphone and upload it to your bank’s app.

But you may have questions about this feature, even if you are already using it. For instance, how do you endorse a check for mobile deposit? How long will the check take to clear? Keep reading to find out the answer to these questions and more.

What Is Mobile Deposit and What Do You Need to Use It?

Here’s the meaning of a mobile deposit: It is a process that allows you to deposit a check into your account using your phone’s or your tablet’s camera. Typically, you open your bank’s mobile app and type in the amount of the check and take a photo of both the front and the back of the check. Before you do this, be sure to endorse the check.

Some details about mobile deposit you may want to note:

•   Banks generally let you use this feature 24 hours a day, although some banks may only make a same-day deposit up until a certain hour.

•   How long do mobile deposits take to clear? Typically, within a few days. Sometimes, a portion of the total deposited may be available initially before the remainder is fully available, depending on the rules of your bank. (Note that for most mobile check deposits with SoFi, a portion of the amount deposited will be available the business day following the business day of the deposit.)

For example, say you make a mobile deposit worth $1,000. Your bank may make $250 available initially and the remaining $750 available in a couple more business days. Each bank may have its own funds availability policy, though there are some federal regulations on how long a bank can place a hold on a deposited check. Ask your financial institution about their policies.

•   Some banks may have one-day or monthly dollar limits on mobile deposits. Others may have limits on the size of checks that they are willing to cash over mobile deposit. It can be a good idea to check with your financial institution about maximum deposit limits and other details.

How to Use Mobile Deposit in 5 Simple Steps

In terms of how mobile deposit works, it can be quite simple for the customer. Here’s a closer look.

1. Verify If Your Bank Offers Mobile Depositing

Many banks offer mobile depositing. But if you’re new to this feature or have a new bank account, make sure mobile deposit is available.

2. Check Your Daily and Monthly Deposit Limits

Some banks will have limits about mobile deposit. Perhaps your bank only allows up to $2,000 or $5,000 a day or a certain amount per month via mobile deposit. You want to know that before you attempt to deposit a check that’s over the limit. (SoFi’s daily and monthly mobile check deposit limits vary by member.)

3. Properly Endorse the Back of Your Check

How do you endorse a check for mobile deposit? That depends on your bank. Some may be fine with you signing your name on the back. Others may request that you add language such as “For Electronic Deposit at [bank name].” Familiarize yourself with your financial institution’s guidelines so you avoid any delays with your mobile deposit.

4. Take Clear Photos of the Front and Back of Your Check

Next, you’ll follow the instructions to deposit the check. They typically go something like this:

•   Log into your bank’s mobile banking app and navigate to the mobile deposit feature.

•   Select the account (say, your checking account) you want to deposit the check into.

•   Enter the amount of the check.

•   Take a photo of the endorsed check, front and back.

•   Review the details (your bank’s app may show the details, such as the check amount and account it’s heading towards and ask if everything looks correct).

•   Submit your check.

Recommended: Guide to Signing Over a Check

5. Submit the Deposit and Get a Confirmation

Just as with a check deposited at a bank’s ATM or branch, the money may not be immediately available for use. Checks typically take a bit of time to clear. Here’s how mobile deposit works:

•   When you snap that photo, a financial institution will generally produce a copy of the check as a stand-in for the physical copy. Using this facsimile, a bank will work to collect the money from the check writer’s account.

•   Even before the bank is able to retrieve the money from the check’s source, the money may show as deposited into your checking or savings account and pending. Though the technology is incredibly swift, the money itself isn’t actually moving that fast.

•   Money often becomes available in one day, but it could typically take up to several business days, depending on the bank’s policies, the bank the funds are drawn from, and other variables.

This lag time can create problems — you might spend or transfer the funds before the money has fully cleared.

What Should You Do With a Check After Making a Mobile Deposit?

It’s wise to hold onto the physical copy of your check for a few days or until you receive notification that it’s been accepted. If you need to, mark it so you know that you’ve already deposited the check. Once you know it’s cleared, shred or destroy the check so that no one can obtain the information.

Understanding Mobile Deposit Limits

Mobile deposit limits can vary by bank and by customer. For instance, at some banks, limits depend on the customer’s tier, such as one limit for standard accounts and often a higher one for premium or private client accounts. In many cases, the limits for a standard account can be between a couple and several thousand dollars.

It’s wise to check with your financial institution about your particular limits to be sure you manage this aspect of your banking well.

How Secure Is Mobile Check Deposit?

Just like mobile banking in general, mobile deposit is typically very safe. However, there are a few steps you can take to enhance that security.

•   Verify that you are using your bank’s app; fraudulent apps do exist and are a way that scammers try to commit bank fraud.

•   Avoid doing any banking via a public wifi connection.

•   When making a mobile check deposit, double-check that you have entered the check amount properly. Otherwise, there might be issues processing the deposit.

•   Be sure you’ve endorsed the check for mobile deposit properly.

•   Follow best practices for the security of your banking app. Never share passwords or other login information.

•   Keep checks secure and private, and make sure to shred them when they’ve been deposited and the funds have cleared.

Benefits of Mobile Deposit

Now that you know how the mobile deposit process works, here’s a guide to the benefits of mobile deposits.

Save Yourself a Trip to the ATM

This is a major benefit of mobile banking. Having to take a trip to a bank branch or find an ATM to deposit a check can be a real hassle. With this kind of deposit (and online banking in general), you don’t need to budge from wherever you are to get that check into your bank account.

Deposit Money Later in the Day

For lots of working people, getting to the bank before it closes at 5:00 pm on a weekday is difficult to do. With mobile banking, checks can be deposited at any time of day, any day of the week. You can be at your laptop working or in your pjs, watching a streaming series, and quickly get that money deposited.

Deposits Are Credited Quickly

Because of the extended hours offered by mobile deposits, it may be possible to deposit a check and see the money available in your account faster than if you had to wait until you make it to a branch location. If you deposit the check during mobile deposit hours and the amount is, say, $275 or under, it is possible to see your funds soon after. But, as mentioned above, it’s always wise to make sure the check has fully cleared before transferring or spending it. Remember, it’s not the same as depositing cash into your account.

Deposit a Check From Anywhere

Sometimes, you’re simply not anywhere near a branch or appropriate ATM but need to deposit a check. One of mobile banking’s biggest benefits is being able to deposit a check from anywhere in the world, whether you’re on vacation, attending a business meeting out of town, or otherwise not at your home base.

Deposits Are Secure

In terms of security, typically mobile banking is very safe. Depositing your checks through your mobile app can be as secure as any other digital banking process. Most banks and credit unions use enhanced security processes and encryption to protect their customers.

Also, if you are worried that your phone might be stolen and the image of your check could potentially fall into the wrong hands, don’t be. The image of a check that is deposited via mobile banking isn’t stored on your phone.

A Few Downsides to Mobile Deposit

Now that you’ve heard about the benefits of mobile banking when it comes to depositing checks, let’s acknowledge that there are also a few downsides. A couple to consider:

•   If you want to cash your check and get those physical bills in hand, you will not be able to do so via mobile deposit. The funds must go into your account.

•   Your mobile deposit might wind up bouncing, just as a check can bounce when deposited via other means. Don’t assume that just because it’s deposited, you can go and spend it.

•   There are mobile deposit frauds that occur, often in which a person or organization you don’t know well sends you a check and asks for you to deposit it and then send a portion back to them. Consider verifying a check before you deposit it, and keep your guard up!

Recommended: How Mobile Wallets Work

The Takeaway

Mobile deposit is a feature that allows you to deposit a check from virtually anywhere and at any time, using an app on your smartphone. There are many advantages to mobile banking, such as saving you time and energy vs. taking the check to a bricks-and-mortar branch or an ATM. It’s one of the ways that mobile banking can help make managing your personal finances more convenient.

Interested in opening an online bank account? When you sign up for a SoFi Checking and Savings account with eligible direct deposit, you’ll get a competitive annual percentage yield (APY), pay zero account fees, and enjoy an array of rewards, such as access to the Allpoint Network of 55,000+ fee-free ATMs globally. Qualifying accounts can even access their paycheck up to two days early.

FAQ

Can someone mobile deposit money into my account?

In order to make a mobile deposit to your account, you need to be logged into your account on your device. For this reason, it is unlikely someone could make a mobile deposit to your account.

Can I mobile deposit a check that’s not in my name?

There are some financial institutions that will permit a mobile deposit of someone else’s check (which you may hear referred to as a third-party check or a check that’s been signed over to you), but others prohibit this.

How long does it take for a mobile deposit to go through?

Mobile deposits typically become available within one or a couple of business days, but a portion can be available sooner. Factors that can impact availability include whether the deposit is made prior to the bank’s cutoff time or on a weekday vs. a weekend or holiday.

Are mobile deposits instant?

Mobile deposits are not instantaneous. The check may take from one day to several days to clear, although the fact that you deposited the check may pop up on your banking app very quickly. Also, it’s important to pay attention to cutoff times. If you use mobile deposit at, say, 11pm, that may be after the bank’s cutoff time, and the check won’t start processing until the next business day.

What is the average mobile deposit limit for most banks?

The average mobile deposit limit is commonly around $2,000 to $5,000 per day, but that can vary by bank and by banking customer. It’s wise to check with your financial institution for details.

What should I write on my check after a mobile deposit?

You don’t necessarily have to write anything on a check after making a mobile deposit, but some banks suggest that you write “mobile deposit” and the date on the check to help you keep track of and reconcile your finances.

Why would a mobile check deposit be rejected?

Mobile check deposits may be rejected for such reasons as a blurry image, improper endorsement, and the amount entered in the app not matching what’s on the check. In addition, if the check is a third-party check, money order, in a foreign currency, or in an amount exceeding the limit, it may not be accepted.

Can you deposit any type of check with mobile deposit?

Not all kinds of checks can be accepted with mobile deposit. For instance, money orders, third-party checks, and checks in a foreign currency may not be accepted.

SoFi Checking and Savings is offered through SoFi Bank, N.A. Member FDIC. The SoFi® Bank Debit Mastercard® is issued by SoFi Bank, N.A., pursuant to license by Mastercard International Incorporated and can be used everywhere Mastercard is accepted. Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.

Annual percentage yield (APY) is variable and subject to change at any time. Rates are current as of 3/31/26. There is no minimum balance requirement. Fees may reduce earnings. Additional rates and information can be found at https://www.sofi.com/legal/banking-rate-sheet

Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network every 31 calendar days.

Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you're earning the APY for account holders with Eligible Direct Deposit, we encourage you to check your APY Details page the day after your Eligible Direct Deposit posts to your SoFi account. If your APY is not showing as the APY for account holders with Eligible Direct Deposit, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start earning the APY for account holders with Eligible Direct Deposit from the date you contact SoFi for the next 31 calendar days. You will also be eligible for the APY for account holders with Eligible Direct Deposit on future Eligible Direct Deposits, as long as SoFi Bank can validate them.

Deposits that are not from an employer, payroll, or benefits provider or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, Wise, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. There is no minimum Eligible Direct Deposit amount required to qualify for the stated interest rate. SoFi Bank shall, in its sole discretion, assess each account holder's Eligible Direct Deposit activity to determine the applicability of rates and may request additional documentation for verification of eligibility.

See additional details at https://www.sofi.com/legal/banking-rate-sheet.
*Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

We do not charge any account, service or maintenance fees for SoFi Checking and Savings. We do charge a transaction fee to process each outgoing wire transfer. SoFi does not charge a fee for incoming wire transfers, however the sending bank may charge a fee. Our fee policy is subject to change at any time. See the SoFi Checking & Savings Fee Sheet for details at sofi.com/legal/banking-fees/.
^Early access to direct deposit funds is based on the timing in which we receive notice of impending payment from the Federal Reserve, which is typically up to two days before the scheduled payment date, but may vary.

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.

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SOBNK-Q425-034

Typically, student loan borrowers cannot refinance their debt until they graduate or withdraw from school. At that point, federal student loans and the majority of private student loans have a grace period, so it can make sense to refinance right before the grace period ends.

Depending on your financial situation, the goal of refinancing may be to get a lower interest rate and/or have lower monthly payments. Doing so can alleviate some of the stress you may feel when repaying your debt. In this guide, you’ll learn how soon you can refinance student loans, and what options are available, plus the potential benefits and downsides of each.

What Do Your Current Loans Look Like?

Before deciding whether or not to refinance your student loans, you need to know where your loans currently stand. Look at the loan servicers, loan amounts, interest rates, and terms for all loans before making a decision.

Contact Info for Most Federal Student Loans

The government assigns your federal student loans to a loan servicer after they are paid out. To find your loan servicer, visit your account dashboard on StudentAid.gov, find the “My Loan Servicers” section, and choose “View loan servicer details.” You can also call the Federal Student Aid Information Center at 800-433-3243.

Loans Not Owned by the Education Department

For federal loans that aren’t held by the Education Department, here’s how to get in touch:

•   If you have Federal Family Education Loan Program loans that are not held by the government, contact your servicer for details. Look for the most recent communication from the servicer, or check your billing statements for their contact information.

•   If you have a Federal Perkins Loan that is not owned by the Education Department, contact the school where you received the loan for details. Your school may be the servicer for your loan.

•   If you have Health Education Assistance Loan Program loans and need to find your loan servicer, look for the most recent emails or communication about these loans, or check your billing statements.

Private Student Loans

Private student loans are not given by the government, but rather by banks, credit unions, and online lenders. You’ll need to find your specific lender or servicer in order to find out your loan information. Your lender may also be your loan servicer, but not necessarily. Check your most recent communication, including emails, from the lender for their contact information. If they are not the servicer for your loan, ask them who is.

How to Find Out Who Services Your Loan

As noted above, you can find the servicer for your federal student loans on your account at StudentAid.gov in the “My Loan Servicers” section. For loans not owned by the Education Department (except Perkins Loans), check recent billing statements or communications about the loans for your servicer’s contact information. If you have Perkins Loans, contact your school for information about your servicer.

For private student loans, contact your lender for details. They may also be the servicer of your loan, and even if they aren’t they can tell you who is.

Can You Refinance Student Loans While Still in School?

Although it’s not common, you may be able to refinance your student loans while still in school with certain lenders. However, doing so may not make the most sense for your situation.

When you refinance student loans, you exchange your current loans with a new loan from a private lender, preferably with a lower rate. This rate is based on such factors as current market rates and your credit profile.

Pros and Cons of Refinancing Before Graduation

Some of the advantages of refinancing your student loans while still in school include potentially getting more favorable loan terms, such as a lower interest rate on your loans if you qualify, which could lower your monthly payments.

Refinancing also allows you to consolidate all your loans into one loan, which can make them easier to manage.

However, there are disadvantages to refinancing while still in school. For one thing, it can be difficult to qualify for refinancing without a job and a steady income. You may need a creditworthy cosigner in order to qualify. Not only that, many lenders require borrowers to have a bachelor’s degree to be eligible for refinancing.

It’s also important to be aware that refinancing federal loans makes them ineligible for federal benefits and programs, such as income-driven payment plans and forgiveness.

In addition, once you refinance, you will need to start making loan payments, which may be challenging while you’re still in school.

Which Loans Can Be Refinanced While Enrolled?

You can refinance any type of student loan while enrolled in school, assuming that the lender allows it. If you’re still in school and want to refinance, a lender will typically want to make sure you have a job or job offer on the table, are in or near your last year of school, and have a solid credit profile. As noted above, you could also consider refinancing your student loans with a cosigner if you do not meet the lender’s requirements on your own.

A couple of important points if you are considering refinancing federal student loans with a private lender:

•   Doing so means you will forfeit federal benefits and protections, such as forbearance and forgiveness, among others.

•   If you refinance for an extended term, you may have a lower monthly payment but pay more interest over the life of the loan. This may or may not suit your financial needs and goals, so consider your options carefully.

Which Loans Can’t Be Refinanced While Enrolled?

If you find a lender willing to refinance your student loans while still in school, they may not exclude certain types of loan. However, it is generally best not to refinance federal student loans while enrolled. Federal Subsidized Loans, for example, do not start earning interest until after the grace period is over. Since you aren’t paying anything in interest, it doesn’t make sense to refinance and have to start paying interest on your loans immediately.

Federal Loans With Active Deferment or Forgiveness Benefits

If you’re in school at least half-time, your federal loans are automatically in deferment, meaning you don’t have to make payments on them. If you refinance your loans, you lose that benefit, and you need to start making payments on your refinanced loans.

Also, if you plan to pursue student loan forgiveness like Public Service Loan Forgiveness after you graduate, refinancing student loans isn’t the best option for you. Refinancing gives you a new private loan with a new private lender, thereby forfeiting your eligibility for forgiveness and other federal benefits and protections.

Is It Worth Refinancing Only Some of Your Loans?

It may be worth refinancing only some of your loans in certain situations. Here are some instances in which you might want to consider this option.

When Partial Refinancing Might Make Sense

The student loans it may make sense to refinance might include:

•   Loans that have a variable interest rate (if you’d prefer a fixed rate)

•   Loans with a relatively high interest rate, since refinancing may save you money. A student refinance calculator can come in handy when estimating what you might save over the life of the loan.

When you might want to think twice about refinancing:

•   If you have federal loans and plan on using an income-driven repayment (IDR) plan, for example, it makes sense not to include those loans in the refinance (see more about IDR payment plans below).

•   If you have a low, fixed interest rate currently, you should probably keep those loans as is. The main reason to refinance is to secure a lower interest rate or a lower payment.

Examples of Refinancing Before Earning a Degree

Some borrowers might want to refinance before earning their bachelor’s degree. Others might choose to wait until they are graduate students.

Case Studies: Undergraduate vs Graduate Borrowers

Undergraduate students may have a challenging time refinancing their student loans without a strong credit profile and a job with a steady income. They might need a cosigner in order to qualify for refinancing.

Graduate students are typically eligible to refinance their undergraduate student loans, assuming they meet the lender’s requirements or use a cosigner. Parents with Parent PLUS Loans are also typically allowed to refinance their loans prior to their child graduating.

Rules will vary by lender, so make sure to do your research and choose a lender that will work with your unique situation.

Alternatives to Refinancing

If refinancing your student loans isn’t the right option for you, there are some alternatives to refinancing you can explore.

Income-Driven Repayment Plans

Income-driven repayment plans for federal student loans base your monthly payments on your discretionary income and family size and extend your loan term to 20 or 25 years. These plans can make your monthly payments more affordable. However, you may pay more interest overall on an IDR plan.

There are currently three IDR plans — the Income-Based Repayment (IBR) Plan, the Pay As You Earn (PAYE) Plan, and the Income-Contingent Repayment (ICR) Plan. On the IBR plan, any remaining balance on your loans is forgiven when your repayment term ends.

Due to the One Big Beautiful Bill, however, changes are coming to IDR plans in July 2027, when most of the plans, except IBR, will no longer accept new enrollees.

Federal Loan Consolidation

Another alternative to refinancing is consolidating student loans. Consolidation combines your federal student loans into one loan with one monthly payment. One of the main differences between consolidation and refinancing is the interest rate on a federal loan consolidation is the weighted average of the rates of the loans you are consolidating, rounded up to the nearest one-eighth of a percentage.

You typically won’t save on interest, but you can lower your monthly payment by extending the loan term. Doing this, however, means you’ll probably pay more in interest over the life of the loan. Consolidating can make your loans easier to manage because you’ll have just one loan payment to make.

Weighing Perks and Interest Rates

Before deciding whether refinancing is right for you, it’s important to consider what you might gain and what you would give up.

Losing Federal Protections vs Lower Monthly Payments

Essentially, you need to consider the cost of losing federal benefits against the perk of potentially securing a lower interest rate through refinancing. Remember,if you refinance your federal student loans with a private lender, those loans will no longer be eligible for federal protections and programs like income-driven repayment plans, federal forbearance, and student loan forgiveness. If you think you might need those programs, refinancing likely doesn’t make sense for you.

But if you can qualify for a lower interest rate, refinancing may be a good fit. Your monthly payments would probably be lower in that case and you also might get a more favorable loan term. Just remember that shortening or elongating your loan term can affect your monthly payment and the total cost over the life of your loan.

For some borrowers, lengthening the term and lowering the monthly payment will be a valuable option, even though it can mean paying more interest over the life of the loan. Only you can decide if this kind of refinancing makes sense for your personal financial situation.

The Takeaway

It’s possible to refinance student loans as soon as you establish a financial foundation or bring a creditworthy cosigner aboard. You can even refinance your student loans while in school, although not all lenders offer this option and it may not make sense for your situation.

It’s also important to understand the implications of refinancing federal student loans with a private lender. If you don’t plan on using federal benefits and protections and you can land a lower interest rate, it might be a move worth considering.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

FAQ

How soon after taking out a loan can you refinance?

You can refinance a student loan as soon as you meet a lender’s specific eligibility requirements. Many lenders prefer borrowers to have graduated before they refinance and to have a stable job and steady income. However, some lenders do allow students to refinance while they are still in school, though the student may need a creditworthy cosigner in order to qualify.

Can I refinance student loans before graduation?

It’s possible to refinance student loans before graduation, though it can be challenging. While many lenders don’t offer the option to refinance while you’re still in school, there are some that do. Keep in mind that you may need a creditworthy cosigner to qualify for refinancing.

What are the risks of refinancing federal student loans early?

Risks of refinancing federal student loans early include losing access to important federal benefits and programs such as income-driven repayment plans, deferment, and forgiveness. For example, while you’re in school, your federal loans are automatically in deferment, meaning you don’t have to make payments on them. If you refinance your loans, you lose that benefit and need to start making payments on your refinanced loans once they are disbursed.

Can I refinance just some of my student loans?

Yes, you can refinance just some of your student loans. With refinancing, you can pick and choose the specific loans you’d like to refinance. For instance, you could choose to refinance only your private student loans, and keep your federal loans to preserve access to federal benefits and protections. You might also choose to refinance only your student loans with high interest rates. It’s completely up to you.

Will refinancing affect my credit score?

Refinancing requires a hard check of your credit, which typically causes a slight dip in your credit score. However, the drop is generally just a few points and it’s temporary. Making on time loan payments may help build your credit again over time.

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

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.