SoFi Parent Loan – Terms and Conditions

SoFi is not affiliated with colleges and universities listed on Colleges and universities listed on do not endorse, promote or recommend SoFi loan products. Loans under this program are made by SoFi Lending Corp. and not by any of the schools listed on


Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. CHECK SOFI.COM FOR THE MOST UP-TO-DATE PRODUCT INFORMATION. To qualify, a borrower must be a U.S. citizen or permanent resident and meet SoFi’s underwriting requirements. This information is current as of June 2, 2014 and is subject to change. SoFi loans are originated by SoFi Lending Corp (dba SoFi) California Finance Lender #6054612. NMLS #1121636. NMLS Consumer Access

Parent loans

Fixed rates from 4.500% APR (with Autopay) to 7.750% APR (without Autopay). Variable rates starting from 2.930% APR (with AutoPay) to 5.430% APR (without Autopay), capped at 9.950% APR. Choose from available terms. If approved for a loan, the fixed or variable interest rate offered will depend on the borrower’s credit history and the term of the loan, and will be within the ranges of rates listed above. Lowest rates are reserved for the best borrowers. For the SoFi variable rate product, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and changed monthly. APRs for variable rate loans may increase after origination if the LIBOR index increases. The SoFi 0.25% Autopay interest rate reduction requires you to agree to make monthly principal and interest payments by an automatic, monthly deduction from a savings or checking account. This benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account.

Explore federal loans and compare to ensure you understand the terms and features. Federal Parent PLUS loans offer graduated repayment plans and deferment benefits, which other student loans are not required to provide. Federal Parent PLUS loans have origination fees and the fixed interest rate for Parent PLUS Loans made from July 1, 2014 through June 30, 2015 is 7.21% per annum. The SoFi Parent Loan is an immediate repayment loan and there is no deferment while your child or dependent is in school.

« Back to Parent Loans
SSL Encrypted
Equal Housing Lender