With a SoFi Parent Loan, you can help finance your child's education with low monthly payments and great rates. Borrowers can save $3,637* on average over the lifetime of the loan in comparison to a federal Direct Parent PLUS Loan. It's a smart and easy way to give your child the future they deserve.
Cover up to the cost of attendance, less other federal financial assistance, with our low rate loans.
No origination fees or prepayment penalties. That’s more money in your pocket.
Our coaches can help advance careers, build a personal brand, negotiate salaries, and more.
The licensed advisors with SoFi Wealth LLC are here to help you make sense of it all.
Get a 0.125% rate discount on an additional SoFi loan—just for being a member.✝✝
Choose from our competitive fixed and variable rates.
Whether you’re looking to pay off the loan quickly or get a low monthly payment, we offer a range of rates and terms so you can choose what works for you. No origination fees, no prepayment penalties.
Rates start from 4.020% APR to 7.445% when you enroll in AutoPay7
Rates start from 4.250% APR to 8.000% when you enroll in AutoPay7
See how SoFi Parent Loans compare to federal Direct Parent PLUS loans.
|SoFi Parent Loan||Federal Parent PLUS Loan|
|Fixed Rates||4.250% APR (with AutoPay)7||7%**|
|Variable Rates||4.020% APR (with AutoPay)7||N/A|
If you have questions, our friendly customer support team is standing by—seven days a week—to help you through the process.
Our quick pre-approval process lets you know if you qualify before you complete the full application.
Compare the plans available to you with specific payments, rates, and terms.
Easily upload documents via screenshots or snapshots, then sign your paperwork electronically.