Parent Loans

Your kids are your world.
Expand theirs with a SoFi Parent Loan.

Fixed rates start at 4.250% APR and variable rates
start at 3.450% APR (with AutoPay)7.

Checking your rate will not affect your credit score.

Freedom to focus on what matters

With the SoFi Parent Loan, you can help finance your child's education that you laid the foundation for so many years ago. There are no origination fees. Flexible rate and term options. Now you can achieve your own financial freedom.

Why SoFi?


Cover up to the cost of your child's attendance with our compelling fixed and variable rate loans.

No Fees.
No Catch.

No origination fees or pre-payment penalties. That’s more money in your pocket.


Get a 0.125% rate discount✝✝ on an additional SoFi loan—just for being a member.

of Mind

Enable your child the opportunity to focus on their education and to succeed.

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Rates and Terms

We offer a range of options so you can optimize your monthly payments, lifetime cost, or payoff speed. There are no origination fees or prepayment penalties. Choose the plan that fits your needs.

Variable Rate

Rates start from 3.450% APR to 6.875% APR (with AutoPay)7

Fixed Rate

Rates available from 4.250% APR to 8.000% APR (with AutoPay)7

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Parent Loan Comparison

Here’s how the SoFi Parent Loan compares

SoFi (Fixed Rate) Federal Parent PLUS Loan
APR range 4.250% - 8.000% (includes additional 0.25% AutoPay discount)7 6.31%
Fees No Fees 4.272% Origination Fee
Term 5 or 10 years 10 - 25 years
Amount Up to cost of attendance (less other financial assistance) Up to cost of attendance (less other financial assistance)
Career Strategy Yes No

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So Easy

Get approved in as little as 15 minutes.

Online Pre-Approval

Our quick pre-approval process lets you know if you qualify before you complete the full application.

Select a Loan

Compare the plans available to you with specific payments, rates, and terms. Choose a plan that best fits your needs.

Upload Documents & Sign

Upload documents to verify your identity. Screenshots or smart phone photos are acceptable. Sign documents electronically.

Get Started

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