Parent Loans

The smarter alternative
to financing their college education.

Low fixed rates start at 4.250% APR and variable rates
start at 3.690% APR, when you enroll in AutoPay7.

Checking your rate will not affect your credit score.

HELP YOUR KIDS GO FAR

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.

Why SoFi?

Serious
Savings

Cover up to the cost of attendance, less other federal financial assistance, with our low rate loans.

No Hidden
Fees

No origination fees or prepayment penalties. That’s more money in your pocket.

Career
Support

Our coaches can help advance careers, build a personal brand, negotiate salaries, and more.

Wealth
Advisors

The licensed advisors with SoFi Wealth LLC are here to help you make sense of it all.

Member
Discount

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

Fixed
and Variable Terms

Choose from our competitive fixed and variable rates.

Find My Rate

Rates and Terms

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.

Variable Rate

Rates start from 3.690% APR to 7.115% when you enroll in AutoPay7

Fixed Rate

Rates start from 4.250% APR to 8.000% when you enroll in AutoPay7

Find My Rate Learn More

SOFI PARENT LOAN & PARENT PLUS LOAN COMPARISON

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 3.690% APR (with AutoPay)7 N/A
Origination Fees None 4.276%**

THREE EASY STEPS TO A SOFI PARENT LOAN

If you have questions, our friendly customer support team is standing by—seven days a week—to help you through the process.

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.

Upload & Sign

Easily upload documents via screenshots or snapshots, then sign your paperwork electronically.

Get Started
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