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Unlike with other lenders, viewing your rate with SoFi will NOT affect your credit score.
Disclosure: Fixed rates range from 4.12% APR to 16.73% APR with 0.25% autopay discount and a 0.125% SoFi Plus discount for parent loans only. Variable rates range from 5.95% APR to 16.73% APR with the same discounts. Action must be taken to obtain discounts. Rate ranges are current as of 2/10/26 and are subject to change at any time. Rates depend on a variety of factors. Lowest rates reserved for the most creditworthy borrowers. Autopay is not required to obtain a loan.
See here for more details.
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Parent college loans made fast and easy.
SoFi’s parent student loans help parents (and sponsors!) pay for their student’s education without any fees or fuss. Paying for college can be confusing, but SoFi has the resources to guide you through it all.
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Finish your loan application 100% online in just a few minutes. Apply even faster for your next parent loan with our fast track application.
Learn how simple it is to apply. →
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No required fees. No fuss.
When we say our college loans for parents have no fees, we really mean it. No origination fees, no late fees, no insufficient funds fees—zilch, zip, nada.
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With variable rates as low as 5.95% with autopay*, you can save more versus other private lenders.
Find the rate that works for you. →
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Exclusive member benefits.
SoFi members can qualify for exclusive rate discounts.‡^ Plus get access to financial advisors, networking events, and more—all at no extra cost
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With multiple repayment options for parent loans, you can find the payment and rate plan that fits your budget.
Learn how to repay your way. →
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Use your SoFi Points to pay down your debt.
You can redeem rewards points to pay down SoFi parent student loans. Earning rewards points is as easy as setting up bill pay, checking your credit score, and more.
Learn how to get started. →
Parent student loan rates.
Fixed
4.12% – 16.73% APR*
with all discounts
Variable
5.95% – 16.73% APR*
with all discounts
Not sure which to choose?
Learn more.→
PRIVATE STUDENT LOANS
Earn and redeem points to pay down your SoFi student loan.
Now you can redeem your rewards points to pay down SoFi parent student loans, and earning rewards points is as easy as setting up bill pay, checking your credit score, and more. No need to pinch yourself—it really is that easy.
Learn more
For complete Member Rewards details, read our Terms of Service.
How do I apply for a parent
loan for college?
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1
Apply online in just minutes.
Get the rate for your parent loan fast and find out if you’re pre-qualified before you even finish the full application.
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2
Select your rate and repayment option.
Choose from fixed or variable rates. Then, select from the available repayment options.
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3
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.
View your rate
Interest-only payments
Pay only interest payments while they’re in school.
• Reduces overall cost
Full immediate repayment
Make principal and interest payments as soon as the parent loan is completely disbursed.
• Lowest overall cost option
View repayment examples
Parents loans for college on
your terms.
You’ve got the choice of four different term options for parent student loans. Pick the rate and schedule
that feels right for you.
5-year
7-year
10-year
15-year
View repayment examples
Start your application
Let’s find a loan that fits you.
Take a short quiz for a recommendation on a loan that meets your money needs now.
Parent Loan Resources
Got more questions about college loans for parents? Our online resource center covers parent loans and more with over 500 articles, budgeting tools, and guides.
Visit SoFi Learn
FAQs
What’s the difference between cosigning a loan for my student and taking out a parent student loan?
The key difference lies in who is taking responsibility for the loan. When you cosign, both parent and student are responsible for the loan. For a parent student loan, the parent takes full responsibility. Cosigning may help your student qualify for a lower rate and may help their chances of approval since they typically don’t have a credit history. On the other hand, a parent loan will have no impact on your student’s credit. Parent student loans also help reduce the debt burden on students.
What are the advantages of a private parent student loan versus a Parent PLUS loan?
Parent PLUS is a federal loan program with a generous deferment and forbearance availability and a less rigorous credit screen compared to most private loans. However, parents with strong credit and income may find much lower rates in the private loan market, especially after considering fees associated with Parent PLUS loans.
How much of my student’s education costs can a SoFi Private Student Loan cover?
SoFi Private Student Loans can cover up to 100% of the school-certified cost of attendance, which typically includes things like tuition and food, books and supplies, room and board, transportation and personal expenses. The minimum you can borrow is $1,000 (may be higher in specific states due to legal requirements—learn more here).
What information do I need to apply?
- Social Security number or Tax Identification Number (TIN) are required from all borrowers all the time
- Proof of income: You may be required to provide proof of income if SoFi is not able to validate it automatically. We could use something similar for gov’t id.
- Government-issued ID
- 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
Does my student have to attend full-time to obtain a SoFi Private Student Loan?
No they don’t, but they must be enrolled in a degree-seeking program at an eligible school and be attending classes at least half-time. Check out our full eligibility requirements to learn more.
When do my payments begin for the parent student loan?
If you choose the interest-only repayment option, your interest-only payments will begin 30-45 days after the loan is fully disbursed. Your full principal and interest payments will begin 30-45 days after the student has graduated or left school. If you choose the immediate repayment option, your full principal and interest payments will begin 30-45 days after the loan is fully disbursed.
The school determines the number of disbursements. The school may disburse the loan all at once, or they may divide the loan into multiple disbursements.
See more FAQs
Find your parent loan in minutes.
View your rate
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 subject to change. This information is current as of 2/10/26 and is subject to change.
* Interest Rates: Eligibility and Important Details. Fixed rates range from 4.12% APR to 16.73% APR with all discounts. Variable rates range from 5.95% APR to 16.73% APR with all discounts. 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 6/1/23 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 https://www.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.
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