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.
Cover up to the cost of your child's attendance with our compelling fixed and variable rate loans.
No origination fees or pre-payment penalties. That’s more money in your pocket.
Simple online application and access to live customer support 7 days a week.
Enable your child the opportunity to focus on their education and to succeed.
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.
Rates start from 2.95% to 5.83% APR (with AutoPay).7
Rates available from 4.50% APR to 7.50% APR (with AutoPay).7
Here’s how the SoFi Parent Loan compares
|SoFi (Fixed Rate)||Federal Parent PLUS Loan|
|APR range||4.50 - 7.50% (includes additional 0.25% AutoPay discount)7||6.84%|
|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)|
Get approved in as little as 15 minutes.
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. Choose a plan that best fits your needs.
Upload documents to verify your identity. Screenshots or smart phone photos are acceptable. Sign documents electronically.