How long can I defer the loan? Can I defer payments until I’m done with school?

If you choose the deferred repayment option, full principal and interest payments can be deferred as long as undergraduate students remain enrolled at an eligible school at least half-time. For graduate student loans, full principal and interest payments would begin 6 months after the student graduates or drops below half-time enrollment. To learn how different repayment options can affect your monthly payment amount and what you might pay overall for the loan, check out our repayment options and examples page.

How long does the application process take? How quickly can I get my loan?

You can apply and get a credit decision within minutes. If approved, you would then need to accept your terms and electronically sign your loan documents. At that point, we send the loan application information to the school for certification. During this process, schools verify your enrollment status, academic progress, and your financial aid package. Every school has their own processes and timelines, so certification can take several days or sometimes weeks. Once we receive the certification back from the school, we’ll schedule the funds to be sent according to the school’s requested timeline. The entire process from application to actually sending the money to the school typically takes at least 4-6 weeks, but it can be shorter or longer than that depending on the school.

What information do I need to apply?

Social Security number, Proof of income (for some), Government-issued ID (for some), Student’s school information (student’s estimated graduation date and academic term), Loan amount (how much you’d like to borrow), Financial aid you expect to receive, Do you already have a private student loan with SoFi? We’ll use your past application to pre-fill as much information as possible in your new application.

I don’t see my school listed in the application. What does that mean?

SoFi’s eligible school list consists of most public and private, degree-granting institutions.

Am I eligible for a SoFi Graduate Loan for a graduate-level certificate?

To be eligible for a SoFi Graduate Loan, you as a borrower: Must have an undergraduate degree, Must be enrolled at least half time, Must be attending a certificate program at an approved, degree-granting institution.

Graduate Student Loans with Low Interest Rates and No Fees

Please borrow responsibly. SoFi Private Student Loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student’s at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Not all repayment options may be available for all loans. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information.View payment examples: https://www.sofi.com/undergraduate-student-loans-rates/, https://www.sofi.com/graduate-student-loans-rates/. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is current as of 4/23/25 and is subject to change.

SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org). Terms and conditions apply.

✝ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

^ Partial Payments-Negative Amortization: Certain repayment options, including Deferred (where you make no payments while in school) and Partial repayment ($25 per month while in school), may not pay all of the interest due each month during the deferment period, which may lead to negative amortization and an increased principal balance. Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.

** SoFi Member Rewards: All terms and conditions applicable to the use of SoFi Member Rewards apply. To learn more about SoFi Member Rewards, please see the Rewards page. No points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. When you elect to redeem rewards points toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA /SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.

1 Reward Eligibility

If eligible, you may receive one cash reward to a SoFi Checking and Savings account. The cash reward offered is $100 for single-semester loans and $250 for full-year loans.

You will be eligible to receive the cash reward to a SoFi Checking and Savings account on the school-certified loan amount if:
-You must be a US citizen or permanent resident
-Must be 18 years of age or older
-Your cumulative Grade Point Average (GPA) for the academic period in which your loan was taken out is at least a 3.0.
-Must have applied for and/or have an existing SoFi Checking and Savings account under the same name listed on your SoFi Private Student Loan
-Your SoFi Private Student Loan is for Fall 2024, Spring 2025, Summer 2025, or the full ‘24-25 academic year.
-You signed your loan agreement for a SoFi Private Student Loan during the promotional period.
-The first disbursement on your eligible student loan has been sent to your school.

Please note: If you apply for and are approved for multiple loans, you will be eligible to receive the reward once for the academic year associated with your loan(s). For example, if you took out a loan for Fall 2024 and Spring 2025, only one of those loans would be eligible for Good Grades Rewards.

Your final reward amount will be determined by the length of your loan period.

This reward is considered taxable income and may be reported on IRS Form 1099-MISC. We recommend you consult a tax professional for advice.

It is your responsibility to notify us if you do not receive an expected cash reward, once you complete and submit the redemption form. You can contact SoFi at (855) 456-SOFI (7634) or via the chat function in the app.

Reward Redemption
To redeem the reward, you must log in to your SoFi account and fill out the redemption form. The form should be completed after accepting the loan and receiving your cumulative GPA for the academic period associated with the loan. The redemption form will become available after the first disbursement of your loan has been received by your school.

Upon self-attestation of your cumulative GPA, a credit of $100 or $250 will be added to the SoFi Checking and Savings account registered under your name.

If you do not have a SoFi Checking and Savings account, you must first apply and be approved for an account under the same name listed on your SoFi Private Student Loan.

In the event your SoFi Checking and Savings account application is declined, we will give you the equivalent of the bonus amount that you qualify for in SoFi Member Reward points**. You must be enrolled in the SoFi Members Rewards program to receive rewards points.

SoFi Member Rewards: All terms and conditions applicable to the use of SoFi Member Rewards apply. To learn more about SoFi Member Rewards, please see the Rewards page. No points will be earned with respect to reversed transactions, returned purchases, or other similar transactions. When you elect to redeem rewards points toward active SoFi accounts, including but not limited to, your SoFi Checking or Savings account, SoFi Money® account, SoFi Active Invest account, SoFi Credit Card account, SoFi Personal Loan, Private Student Loan, Student Loan Refinance, or toward SoFi Travel purchases, your rewards points will redeem at a rate of 1 cent per every point. Brokerage and Active investing products offered through SoFi Securities LLC, Member FINRA/SIPC. SoFi Securities LLC is an affiliate of SoFi Bank, N.A.

We may request additional documentation to verify the GPA (or equivalent) provided on the redemption form.

Changes to These Terms and Conditions
The Student Loan Rewards for Good Grades Program may end at any time. These Terms and Conditions are subject to change without notice. Changes may include, but are not limited to, changing the redemption methods or imposing additional conditions.

^{^^} Signed offer letters for employment may be accepted as proof of income for applicants enrolled in their final year of eligible MBA programs or law school (JD or LLM). All offer letters are subject to SoFi’s verification and approval process, terms subject to change. Start date must be within 12 months of the date on the signed offer letter and SoFi will require written or verbal confirmation of employment from the employer.

Awards or rankings from (insert award or company name) are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.]

² New Borrower & Continuing Scholar Discount
Terms and conditions apply. Offer good for new and repeat borrowers that apply for and are approved for a SoFi Private Student Loan. To receive the offer, you must: (1) complete a loan application with SoFi between 5/21/2026 12:01AM PT to 9/3/26 11:59PM PT; and (2) meet SoFi’s underwriting criteria. Once conditions are met and the loan has been disbursed, the interest rate shown in the Final Disclosure Statement will include an additional 0.25% rate discount. Offer cannot be combined with any other rate discounts, with the exception of the 0.25% autopay rate discount or 0.125% Member Rate discount. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.

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