†To check the rates and terms you may 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.
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., and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. View payment examples. 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 4/8/25 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org).
1Good Grades Rewards:
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.
1 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 5/21/25 12:01AM PT to 09/3/25 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, 0.125% SoFi Plus Parent discount, and MBA/Law 0.25% discount running until 6/9/25. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.
20.25% Specialty Rate Discount: Terms and conditions apply. Offer good for new Law or MBA SoFi private student loan borrowers. This rate discount is only available to students pursuing an MBA or JD at an approved institution. To receive the offer: (1) You must complete a loan application with SoFi from May 1, 2025 to June 9, 2025 at 11:59PM PT; (2) You must be approved by SoFi for the loan meeting all 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 the 0.25% rate discount. This offer cannot be combined with any other rate discounts, with the exception of the 0.25% autopay rate discount, the 0.125% family rate discount, and the 0.125% continuing scholar discount. SoFi reserves the right to change or terminate this Rate Discount Program to unenrolled participants at any time without notice to you.
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 Automated 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.
Interest Rates: Eligibility and Important Details. Fixed rates range from 3.54% APR to 14.83% APR with 0.25% autopay discount. Variable rates range from 4.64% APR to 15.86% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates are capped at 17.95%. SoFi rate ranges are current as of 4/8/25 and are subject to change at any time. Your actual rate will be within the range of rates listed above and will depend on the term and type of repayment option you select, evaluation of your creditworthiness, income, presence of a co-signer (if applicable) and a variety of other factors. Lowest rates reserved for the most creditworthy borrowers. Check out our eligibility criteria at SoFi.com/eligibility-criteria/. For the SoFi variable-rate product, the variable interest rate for a given month is derived by adding a margin to the 30-day average SOFR index, published two business days preceding such calendar month, rounded up to the nearest one hundredth of one percent (0.01% or 0.0001). APRs for variable-rate loans may increase after origination if the SOFR 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. The benefit lowers your interest rate but does not change the amount of your monthly payment. This benefit is suspended during periods of deferment and forbearance. Autopay is not required to receive a loan from SoFi.
3Signed 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.
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