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for your financial moves.

May
27
2020

Law & MBA Student Loans

By | 1_Web_ISL | Comments Off on Law & MBA Student Loans


Law School & MBA Student Loans

Low-rate loans for

advanced degrees.

SoFi makes it fast and easy to pay for grad school so you

can focus on what matters: your degree. Get a rate quote
in 3 minutes.


View your rate

Checking your rate will not affect your credit score.

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Here to help you pay for your MBA or law degree.

We’ve refinanced over $7.5 billion in MBA and law school student loans—and we know that hard work pays off. Now you can pay for business school or law school with premium, competitive-rate graduate student loans.

All online. All easy.

Finish our simple online application in minutes—and finish it even quicker for your next loan with our fast track application, which will pre-fill your info. Plus, get access to live customer support 7 days a week.

No fees. No fuss.

No fees means no fees. That means no origination fees, no late fees, and no insufficient funds fees. Period.

Competitive rates.

You’re ambitious and probably competitive–much like our rates. Our low-interest loans can help you in the next stage of your education.

Exclusive member benefits.

SoFi members can qualify for exclusive rate discounts. You’ll get access to career services, financial advisors, networking events, and more—all at no extra cost.

Law & MBA loan rates.

Fixed

3.18% – 14.83% APR*

with autopay

Variable

4.39% – 15.86% APR*

with autopay


Not sure which to choose?

Learn more.→

PRIVATE STUDENT LOANS

NEW! Earn and redeem points to pay down your SoFi student loan.

Now you can redeem your SoFi Points to pay down your SoFi student loan. Earning points is as easy as logging into the SoFi app, setting up direct deposit, checking your credit score, and more.


Learn more

For complete Member Rewards details, read our Terms of Service.

SoFi student loans vs. other lenders.

4‘,
‘Multiple Repayment Term Options’,
]}
sofiCard={[
‘Sofi’,
‘3 minutes’,
‘No fees’,
‘4’,
‘Yes’,
‘Yes’,
‘Yes (5,7,10,15 year terms)’,
]}
competitorCards={[
[
‘Sallie Mae’,
’15 minutes’,
‘Late fee + returned check’,
‘3’,
‘No’,
‘No’,
‘2’,
],
[
‘Discover’,
’15 minutes’,
‘No fees’,
‘3’,
‘No’,
‘No’,
‘No (15 year terms)’,
],
]}
/>

Comparisons based on information obtained on lenders’ websites as of July 11, 2021


View your rate

Repay your way.

Pick the repayment option that works for you and your budget.

Deferred

Start paying principal and interest payments six 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 Law repayment examples


View MBA repayment examples

NEW!

You got the job—

now get the loan.

Now you can use your job offer letter as proof of income when applying for a Law or MBA Loan. As long as your start date is within 1 year, you’ll be good to go.1


View your rate

How it works:

  1. 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. 2

    Select your rate and repayment option.

    Choose from fixed or variable rates.
    Then, pick from four repayment options.

  3. 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

FAQs


How long can I defer the loan? Can I defer payments until I’m done with school?
If you choose the deferred repayment option, full principal and interest payments can be deferred as long as undergraduate students remain enrolled at an eligible school at least half-time. For graduate student loans, full principal and interest payments would begin 6 months after the student graduates or drops below half-time enrollment. To learn how different repayment options can affect your monthly payment amount and what you might pay overall for the loan, check out our repayment options and examples page.


How long does the application process take? How quickly can I get my loan?

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.

What information do I need to apply?

  • Social Security number
  • Proof of income (for some)
  • Government-issued ID (for some)
  • 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




I don’t see my school listed in the application. What does that mean?

SoFi’s eligible school list consists of most public and private, degree-granting institutions.


See more FAQs

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 MBA payment examples. View Law 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.


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May
27
2020

HBO Max Launches Today

By | Lifestyle | Comments Off on HBO Max Launches Today

HBO Max launches today, becoming the third major streaming service to enter the market during the coronavirus pandemic.

Read more
May
22
2020

Pandemic May Accelerate Use of Contactless Payments

By | Money | Comments Off on Pandemic May Accelerate Use of Contactless Payments

Despite reports from health experts that say the risk of contracting coronavirus from cash transactions is small, contactless payments have increased across businesses around the world since the beginning of the pandemic.

Read more
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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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