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SoFi Blog
Tips and news—
for your financial moves.
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School Loans for Healthcare Students | SoFi
Grad student loans for medical and health professions.
SoFi supports your educational goals through graduate school, and your financial well-being, so you can focus on what matters.
View your rate
New! Cash bonus for good grades.
Up to $2503 with GPAs 3.0 or higher.
Learn more
Received a mailer from us?
Now with a nine-month grace period.
We get it. After graduating school in a health field, you’ll be thinking about helping people, getting a job, and maybe even moving—anything but paying back student loans. So, SoFi gives you nine full months before you have to start paying.
View your rate
Medical school loans for every kind of healthcare professional.
We’ve been passionate about supporting future professionals since the very beginning, and we’re just getting started. Let us support you as you go from a low-rate graduate student loan to a future of financial stability.
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All online. All easy.
Finish our fast and easy online application in minutes—and add a cosigner in just a few clicks. Apply even faster for your next loan with our fast track application, which will have most of your info conveniently pre-filled.
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No fees required. No fuss.
No fees required means no fees required. That means no origination fees, no late fees, and no insufficient funds fees. Period.
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Competitive rates.
You’re ambitious and probably competitive–much like our rates. Our student loans with competitive rates and flexible term options for business school can help you in the next stage of your education.
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Exclusive member benefits.
SoFi members can qualify for exclusive rate discounts. You’ll get access to financial advisors, networking events, and more—all at no extra cost.
Medical student loan rates.
Not sure which to choose?
Learn more →
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.
Repay med school loans your way.
Pick the repayment option that works for you and your budget.
Deferred
Start paying principal and interest payments nine months after you leave school.
- No payments while in school
- Highest overall cost option
Interest only
Pay only interest payments while you’re in school.
- Moderate payment while in school
- Reduces overall cost
Partial
Pay a $25 fixed monthly payment while you’re in school.
- Lowest payment option while in school
- Reduces some of the overall cost
Immediate
Start paying principal and interest payments right away.
- Highest payment option while in school
- Lowest overall cost option
View repayment examples
How to apply for private medical school loans from SoFi
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1
Apply online in just minutes.
Get your rate fast and find out if you’re pre-qualified
before you even finish the full application. Seamlessly add
a cosigner in just a few clicks. -
2
Select your rate and repayment option.
Choose from fixed or variable rates.
Then, pick from four repayment options. -
3
Sign and accept your loan.
Upload screenshots of your info, sign your paperwork
electronically, and voilà—your work is done!
We’ll handle it from here.
View your rate
Health professions loan FAQs
You can apply and get a credit decision within minutes. If approved, you would then need to accept your terms and electronically sign your loan documents. At that point, we send the loan application information to the school for certification. During this process, schools verify your enrollment status, academic progress, and your financial aid package. Every school has their own processes and timelines, so certification can take several days or sometimes weeks. Once we receive the certification back from the school, we’ll schedule the funds to be sent according to the school’s requested timeline. The entire process from application to actually sending the money to the school typically takes at least 4-6 weeks, but it can be shorter or longer than that depending on the school.
A health professions loan is a type of private student loan specifically tailored for students pursuing education in health-related fields. These loans are intended to assist with various educational expenses including tuition, fees, living expenses, and other necessary costs associated with completing a health professions program. This financial support is crucial for students who are preparing for careers in healthcare and need help covering the significant expenses of their education.
SoFi health profession loans are designed to support your educational goals through graduate school. SoFi health profession loans have flexible rate and term options, and an extended grace period of nine months so that you can focus on what matters.
However, 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.
The interest rates and fees for health professions loans can vary depending on the lender and the specific terms of the loan. You can see SoFi’s interest rates for health professions loans on this page. Generally, these loans offer competitive interest rates, which can be either fixed or variable. Fixed rates remain the same throughout the life of the loan, providing predictability in payments, while variable rates can fluctuate with market conditions, potentially lowering initial payments but introducing uncertainty in future costs.
In terms of fees, many lenders charge fees for their health professions loans—including origination fees, late fees, or insufficient fund fees. However, SoFi offers health profession loans with no fees at all.
- Social Security number or Tax Identification Number (TIN) are required from all borrowers all the time
- Proof of income: You may be required to provide proof of income if SoFi is not able to validate it automatically. We could use something similar for gov’t id.
- Government-issued ID
- Student’s school information (student’s estimated graduation date and academic term)
- Loan amount (how much you’d like to borrow)
- Financial aid you expect to receive
- Do you already have a private student loan with SoFi? We’ll use your past application to pre-fill as much information as possible in your new application
Repaying a health professions loan involves several options and features designed to accommodate the unique financial situations of those in the health professions. Typically, borrowers can choose from multiple repayment plans, which may include fixed or variable interest rates and different terms that can affect the monthly payment amount and total cost of the loan.
One of the key benefits of health professions loans is the grace period. This is a stretch of time after graduation—SoFi offers a grace period of nine-months—during which borrowers are not required to make payments. This can provide crucial financial relief as new graduates transition into their careers, possibly relocating or studying for licensing exams. Understanding these features and planning accordingly can help manage the repayment process more effectively, ensuring that it aligns with personal financial situations and career developments.
The amount you can borrow with a health professions student loan typically depends on several factors, including the cost of attendance at your chosen institution and your specific financial needs. Generally, these loans are designed to cover the full cost of your education, which can include tuition, fees, living expenses, and other necessary costs. However, the exact amount available can vary by lender and may be influenced by your credit history and other financial circumstances. It’s important to consult with the specific lender to understand their borrowing limits and ensure that the loan amount will meet your educational expenses.
SoFi’s eligible school list consists of most public and private, degree-granting institutions.
Yes, there are several programs and initiatives that offer student loan forgiveness or repayment assistance for health care workers who have taken out health professions loans. Programs like the National Health Service Corps provide loan repayment assistance to healthcare professionals who work in underserved areas. Similarly, the Public Service Loan Forgiveness program is available to those who work in public service jobs, including certain healthcare positions, and make consistent payments on their loans for a set period. Additionally, the National Institutes of Health (NIH) Loan Repayment Programs offer to repay a portion of student loan debt for qualified researchers in biomedical or biobehavioral research fields. Each of these programs has specific eligibility requirements and conditions, so it’s important for borrowers to thoroughly research and understand these options to take full advantage of available loan forgiveness opportunities.
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Get started in minutes.
Find your loan rate in just a few clicks.
View your rate
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., and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. View payment examples. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 12/15/25 and is subject to change.
* Interest Rates: Eligibility and Important Details. Fixed rates range from 3.18% APR to 14.83% APR with all discounts. Variable rates range from 4.39% APR to 15.86% APR with all discounts. Unless required to be lower to comply with applicable law, Variable Interest rates are capped at 17.95%. SoFi rate ranges are current as of 6/1/23 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term and type of repayment option you select, evaluation of your creditworthiness, income, presence of a co-signer (if applicable) and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. Check out our eligibility criteria at https://www.sofi.com/eligibility-criteria/. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR index increases. The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.
Apr
05
2022
Level Up: SoFi Checking & Savings Raises APY for All Members
Today, SoFi Checking & Savings is thrilled to help people earn more off their hard-earned money by raising our annual percentage yield (APY) for all members. Members with direct deposit will now earn 1.25% APY¹ on their balances, which is 41 times the current national average². For members without direct deposit, all balances will now earn a competitive 0.70%, 23x the national average³.
For SoFi direct deposit members, they will now earn more in interest in 9 days at SoFi than they would at other banks in an entire year. Notably, SoFi allows members to earn interest on their funds whether they are sitting in a checking account for upcoming bills or tucked away in savings for a rainy day. Additionally, SoFi has removed the $50,000 cap on account balances, which means that members can earn 1.25% APY on every dollar in their checking and savings accounts.
To help people kick start funding their accounts, SoFi is offering a $300 cash bonus for new members who sign up and set up direct deposit or existing members who set up direct deposit before May 31, 2022⁴.
Interested in earning more? Sign up for SoFi Checking & Savings. Already a member? Set up your SoFi direct deposit.
1 SoFi members with direct deposit can earn up to 1.25% annual percentage yield (APY) interest on all account balances in their Checking and Savings accounts (including Vaults). Members without direct deposit will earn 0.70% APY on all account balances in Checking and Savings (including Vaults). Interest rates are variable and subject to change at any time. Rate of 1.25% APY is current as of 04/05/2022. Additional information can be found at https://www.sofi.com/legal/banking-rate-sheet
2 41x based on FDIC monthly interest checking rate as of March 21, 2022.
3 23x based on FDIC monthly interest checking rate as of March 21, 2022.
4 The following describes the terms that apply to participation in the SoFi the SoFi Checking and Savings direct deposit program (“Program”) offered by SoFi Bank, N.A Member FDIC(“SoFi”).
Eligible Participants: All new members who open a SoFi Checking and Savings account during the Promotion Period and all existing SoFi Checkings and Savings customers who have not previously set up Direct Deposit transactions (“Direct Deposit”) into their SoFi Checking and Savings account as of the beginning of the Promotion Period are eligible for the Program.
Promotion Period: The Program will be available from 4/5/22 12:01AM ET to 5/31/22 11:59PM ET.
Bonus Terms: In order to qualify for eligibility for a bonus, SoFi must receive at least one Qualifying Direct Deposit from an Eligible Participant during the Promotion Period. Qualifying Direct Deposits are defined as deposits from enrolled member’s employer, payroll, or benefits provider via ACH deposit. Deposits that are not from an employer (such as check deposits; P2P transfers such as from PayPal or Venmo, etc.; merchant transactions such as from PayPal, Stripe, Square, etc.; and bank ACH transfers not from employers) do not qualify for this promotion. The amount of the bonus, if any, is described below. No bonuses shall be paid for qualifying Direct Deposits of less than $1,000 during the Evaluation Period (defined below).
Evaluation Period: The bonus amount will vary based on the total amount of Qualifying Direct Deposits received during the Evaluation Period. The Evaluation Period is defined as 30 days from the date your first Qualifying Direct Deposit is received. For example, if you receive $1,000-$1,999 in Qualifying Direct Deposits in the Evaluation Period, you will receive a cash bonus of $50. A member may only qualify for one bonus tier and will not be eligible for future bonus payments if inflows subsequently increase beyond the Evaluation Period.
| Total Qualifying Direct Deposit amount in 30-day Evaluation Period | Cash bonus |
|---|---|
| $1,000 – $1,999 | $50 |
| $2,000 – $4,999 | $100 |
| $5,000 or more | $300 |
Payment timeline: SoFi will credit members who meet qualification criteria within 14 days of the end of the Evaluation Period.
This offer cannot be combined with the SoFi Checking and Savings Direct Deposit rate discount on a SoFi personal loan. Bonuses are considered miscellaneous income, and may be reportable to the IRS on Form 1099-MISC (or Form 1042-S, if applicable). SoFi reserves the right to exclude any Members from participating in the Program for any reason, including suspected fraud, misuse, or if suspicious activities are observed. SoFi also reserves the right to stop or make changes to the Program at any time.
Read moreApr
01
2022
Not Ready to Invest? Here’s What Financial Advisor Manisha Thakor Wants You to Know
What holds you back from investing? This compelling Q&A with financial advisor Manisha Thakor explains why we don’t always act in our best interests when it comes to money.
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