Most undergrad students have limited credit history and income. Adding a cosigner with a solid financial history
and good credit may help improve your chances of loan approval—and sometimes even a lower interest rate. You and
your cosigner can see what rates and terms you pre-qualify for before submitting your full application—and it
won’t impact your credit score.✝︎
Comparisons based on information obtained on lenders’ websites as of April 29, 2020
Repay your way.
Pick the repayment option that works for you and your budget.
Start paying principal and interest payments six months after you leave school.
No payments while in school
Highest overall cost option
Pay only interest payments while you’re in school.
Moderate payment while in school
Reduces overall cost
Pay a $25 fixed monthly payment while you’re in school.
Lowest payment option while in school
Reduces some of the overall cost
Start paying principal and interest payments right away.
Highest payment option while in school
Lowest overall cost option
How it works:
Apply online in just minutes.
Get your rate fast and find out if you’re pre-qualified
before you even finish the full application. Seamlessly add
a cosigner in just a few clicks.
Select your rate and repayment option.
Choose from fixed or variable rates.
Then, pick from four repayment options.
Sign and accept your loan.
Upload screenshots of your info, sign your paperwork
electronically, and voilà—your work is done!
We’ll handle it from here.
Get started in minutes.
Find your loan rate in just a few clicks.
Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org)
✝︎ 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.