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SoFi® offers a full range of private student loan services and refinancing options with flexible terms, and competitive rates. It's designed to help students and parents cover educational expenses with ease.
Plus, SoFi's refinancing solutions could help you save thousands by paying off your student debt sooner or reducing your interest rate. Whether you're looking to secure a new student loan, refinance an existing student loans, or need a more manageable repayment plan, SoFi offers the flexibility and financial support you need.
Visit SoFi ➜by SoFi Bank, N.A. Member FDIC
SoFi covers up to 100% of school-certified costs, including tuition, room and board, books, supplies, and other educational expenses. There’s no limit to what SoFi will cover as long as your school certifies the expenses, making it ideal for a wide range of academic pursuits. Visit SoFi's student loan page to see how much financing you can qualify for.
SoFi offers a variety of loan terms to fit different financial needs, including 5-year terms (lowest interest rates, higher monthly payments), 7-year terms, 10-year terms, and 15-year terms (higher interest rates, lower monthly payments)
SoFi offers several repayment options tailored to different financial situations. The 'deferred plan' allows you to start payments six months after graduation, but it comes with the highest overall cost. The 'interest-only option' lets you pay just the interest while you’re still in school. For those who prefer to manage small payments during school, the 'partial repayment option' provides a fixed amount to pay monthly. If you're looking to minimize overall costs, the 'immediate repayment plan' begins both principal and interest payments right away, resulting in the lowest overall cost.
SoFi provides valuable additional benefits beyond its loan services. SoFi offers exclusive member perks, including financial planning tools and invitations to special events.
Refinancing your student loans with SoFi offers significant benefits, including the potential to lower your interest rate and save thousands over the life of your loan. SoFi has refinanced over $30 billion in student loans for more than 450,000 members, making them a leader in student loan refinancing.
With competitive rates, and flexible terms, SoFi makes it easy to refinance both federal and private student loans. You can check your rate in just two minutes, giving you a fast and simple way to see how much you could save.
To qualify for SoFi's private student loans or refinancing options, applicants need a solid credit score and a stable income. However, SoFi doesn’t rely solely on credit scores. They take a more holistic approach, considering factors like career experience and education background, giving borrowers with diverse qualifications a chance to apply.
For students, having a cosigner significantly improves approval chances—up to six times more likely for undergraduates and twice as likely for graduate students. Once you’ve made the qualifying amount of consecutive on-time payments, you can apply to release your cosigner from the loan, giving you greater financial independence as you progress in your career.
>Applying for SoFi’s student loans or refinancing is quick and user-friendly. The online prequalification process takes just two minutes, providing you with your rate almost instantly. For repeat borrowers, SoFi offers the added convenience of saving your information, making future applications even faster. If you're a returning customer, you can also take advantage of a rate discount on future loans, whether you're a repeat cosigner or a continuing student securing subsequent financing.
View your personalized loan estimate and see what rates you qualify for.
SoFi offers a comprehensive range of private student loans and refinancing options tailored to meet the needs of students, parents, and graduates. With flexible repayment terms, and competitive rates, SoFi makes managing educational costs and student debt easier.
Whether you're starting your academic journey, seeking to fund it, or looking to refinance and save on interest, SoFi’s personalized approach and user-friendly application process provide the support you need. With the ability to cover up to 100% of school-certified costs and refinancing options that cater to diverse professional programs, SoFi stands out as a trusted partner for managing your educational finances.
Before committing to private loans, its recommended that students first exhaust all federal and school-funded aid options. These resources often come with more favorable terms, and it’s important to take advantage of them before turning to private lending. However, if you’ve already tapped into those resources and still need financial assistance, private student loans can provide flexible payment options and comprehensive refinancing coverage. This makes it easier for borrowers to secure lower interest rates and manage their debt repayment in a way that aligns with their financial goals.
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. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. View payment examples.
Interest Rates: Eligibility and Important Details. Fixed rates range from 3.43% APR to 15.99% APR with 0.25% autopay discount. Variable rates range from 4.64% APR to 15.99% APR with a 0.25% autopay discount. Unless required to be lower to comply with applicable law, Variable Interest rates arecapped at 17.95%. SoFi rate ranges are current as of 1/28/2026 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 monthlyprincipal 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.SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
SoFi does not offer a cosigner release program for In-School Student Loans disbursed prior to May 1, 2019. For In-School StudentLoans disbursed on or after May 1, 2019 the borrower may apply for cosigner release after making 12 consecutive on-time full principal and interest payments or the equivalent thereof through a lump sum payment or 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.
Autopay Discount: The SoFi 0.25% autopay interest rate reduction requires you to agree to make monthly payments as outlined in your loan agreementby 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. When the autopay interest rate deduction is added or removed, the next time the loan is re-amortized (quarterly for fixed rate loans; monthly for variable rateloans), the principal balance of your loan will be spread over the remaining loan term, and your monthly payment amount will change. This benefit is suspended during periods of deferment, grace period, orforbearance. Autopay is not required to receive a loan from SoFi.
Eligible Direct Deposit means a recurring deposit of regular income to an account holder’s SoFi Checking or Savings account, including payroll, pension, or government benefit payments (e.g., Social Security), made by the account holder’s employer, payroll or benefits provider or government agency (“Eligible Direct Deposit”) via the Automated Clearing House (“ACH”) Network during a 30-Day Evaluation Period (as defined below). Although we do our best to recognize all Eligible Direct Deposits, a small number of employers, payroll providers, benefits providers, or government agencies do not designate payments as direct deposit. To ensure you’re receiving the Student Loan Refinance discount, we encourage you to check your SoFi Plus status in the Membership & Rewards Center the day after your Eligible Direct Deposit arrives. If your SoFi Plus status is not reflected in the Membership & RewardsCenter, contact us at 855-456-7634 with the details of your Eligible Direct Deposit. As long as SoFi Bank can validate those details, you will start receiving the Student Loan Refinance discount from the date you contact SoFi for the rest of the current 30-Day EvaluationPeriod. You will also be eligible for the Student Loan Refinance discount on future Eligible Direct Deposits, as long as SoFiBank can validate them. Deposits that are not from an employer, payroll or benefits provider, or government agency, including but not limited to check deposits, peer-to-peer transfers (e.g., transfers from PayPal, Venmo, etc.), merchant transactions (e.g., transactions from PayPal, Stripe, Square, etc.), and bank ACH funds transfers and wire transfers from external accounts, or are non-recurring in nature (e.g., IRS tax refunds), do not constitute Eligible Direct Deposit activity. SoFi Bank shall, in its sole discretion, assess each account holder’s Eligible Direct Deposit activity to determine eligibility and may require additional documentation to complete this verification. The 30-Day Evaluation Period refers to the “Start Date” and “End Date” set forth on the APY Details page of your account, which comprises a period of 30 calendar days (the “30-Day Evaluation Period”). You can access the APY Details page at any time by logging into your SoFi account on the SoFi mobile app or SoFi website and selecting either (i) Banking > Savings > Current APY or(ii) Banking > Checking > Current APY. SoFi Plus member benefits will be lost during periods in which the customer has turned off EligibleDirect Deposit into their account. If you are a joint account holder of a SoFi Checking and Savings account and either you or yourjoint account holder receives Eligible Direct Deposit into your SoFi Checking and Savings account, then you will be eligible for all SoFi Plus benefits, including on accounts you hold in your own name.
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