A competitive-rate, no-fee private student loan from SoFi

Students with cosigners are 5x more likely to be approved.^*

See rates in 3 mins with no credit impact, unlike other lenders.

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Why SoFi?

Apply your way: All online. Or with SoFi customer service by chat or phone call.

Cover up to 100% of school-certified costs.

A smarter financial jumpstart: We’ve got private student loans, checking and savings accounts, and expert advisors who can make it all make sense.

Flexible repayment options include no student loan payments for six months after graduation--so you can focus on moving expenses, a new work wardrobe, or other needs.

Interest Rates: Eligibility and Important Details

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 ourFAQs, opens in new window. 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. SeeSoFi.com/eligibility, opens in new windowfor more information.View payment examples., opens in new windowLowest 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 10/12/2024 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891. (www.nmlsconsumeraccess.org, opens in new window).

UNDERGRADUATE LOANS: Fixed rates range from 3.99% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 5.99% APR to 15.86% APR with a 0.25% autopay discount.

GRADUATE LOANS: Fixed rates range from 3.99% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 5.99% APR to 15.86% APR with a 0.25% autopay discount.

LAW LOANS: Fixed rates range from 3.99% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 5.99% APR to 15.86% APR with a 0.25% autopay discount.

MBA LOANS: Fixed rates range from 3.99% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 5.99% APR to 15.86% APR with a 0.25% autopay discount.

HEALTH LOANS: Fixed rates range from 3.99% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 5.99% APR to 15.86% APR with a 0.25% autopay discount.

PARENT LOANS: Fixed rates range from 6.50% APR to 14.83% APR with a 0.25% autopay discount. Variable rates range from 6.32% APR to 15.86% APR with a 0.25% autopay discount.

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. Interest rates for variable rate loans are capped at 17.95%, unless required to be lower to comply with applicable law. Lowest rates are reserved for the most creditworthy borrowers. If approved for a loan, the interest rate offered will depend on your creditworthiness, the repayment option you select, the term and amount of the loan and other factors, and will be within the ranges of rates listed above. 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. The benefit will discontinue and be lost for periods in which you do not pay by automatic deduction from a savings or checking account. Information current as of 10/12/2024. Enrolling in autopay is not required to receive a loan from SoFi. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org, opens in new window).

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.

SoFi does not offer a cosigner release program for Refinanced Student Loans or In-School Student Loans disbursed prior to May 1, 2019. For In-School Student Loans disbursed after May 1, 2019 the borrower may apply for cosigner release after making 24 consecutive on-time full principal and interest payments, unless fewer payments are required in accordance with applicable law. Borrowers still must pass an underwriting review and meet all other requirements. Requirements subject to change.

0.125% Family Rate Discount: Terms and conditions apply. Offer good for SoFi private student loan cosigners who have previously borrowed a private student loan from SoFi and are taking out a subsequent loan only, select a term and repayment type that is eligible for the discount, and is subject to lender approval. To receive the offer, you must: (1) complete a loan application with SoFi; (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 0.125% rate discount because you have borrowed a private student loan from SoFi in the past. Offer good for existing private student loan cosigners only. Cannot be combined with other rate discounts, with the exception of the 0.25% autopay rate discount and the SoFi Member Discount. Once the family discount benefit is earned, it cannot be lost. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.

0.125% Continuing Scholar Discount: Terms and conditions apply. Offer good for private student loan customers who have previously borrowed a private student loan from SoFi and are taking out a subsequent loan only, select a term and repayment type that is eligible for the discount, and is subject to lender approval. To receive the offer, you must: (1) complete a loan application with SoFi; 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 0.125% rate discount because you have borrowed a private student loan from SoFi in the past. Offer good for existing private student loan borrowers only. Offer cannot be combined with other rate discounts, with the exception of the 0.25% AutoPay rate discount. SoFi reserves the right to change or terminate the Rate Discount Program to unenrolled participants at any time with or without notice.

*Approval rate based on SoFi Undergraduate Student Loans applications between Jan 2023 — Sep 2023.

**Approval rate based on SoFi Graduate Student Loans applications between Jan 2023 — Sep 2023.

Good Grades Rewards Terms and Conditions:

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.

In the event your SoFi Checking and Savings account application is declined, we will email instructions to credit you the rewards amount via Automated Clearing House (ACH). We may request additional documentation to verify the GPA (or equivalent) provided on the redemption form. If any information provided on the redemption form is inaccurate, SoFi reserves the right to end your consideration for the promotion.

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.

SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.