SoFi Private Student Loans are one of the top options for those looking to invest in their future. In addition to offering flexible credit solutions to help cover education costs, SoFi stands out for providing lending options tailored to fit each borrower’s unique profile. Learn more about the details and available categories to access a flexible credit line for your college expenses.
About Private Student Loans
The private loans offered by SoFi Bank, N.A., are available to a wide range of individuals—including undergraduate and graduate students, healthcare professionals, MBA and law students, and even parents looking to help finance their child’s education.
These loans offer flexible financing options that aren’t limited to top-tier universities in the U.S. They’re also designed to support families choosing institutions that better match their personal and financial realities. This loan option is available to residents across all 50 states and is backed by FDIC-insured branches.
Borrowers can apply for loans starting at $1,000 and up to 100% of the total certified cost of attendance, including tuition, fees, housing, books, and more.
Benefits and Key Features
SoFi Private Student Loans are known for being accessible, transparent, and cost-effective. There are no origination fees or late payment penalties, and all terms are clearly stated upfront—limited to interest charges and the principal loan amount.
Borrowers can also receive a 0.25% interest rate discount by enrolling in automatic payments through direct debit. It’s a simple way to stay organized and consistent with repayment while saving money over time.
During the academic year, students may also qualify for a performance-based bonus—up to $250 per semester—if they maintain a GPA of 3.0 or higher. This bonus is deposited directly into the borrower’s SoFi account.
On top of that, SoFi’s Member Rewards program allows borrowers to earn points by using SoFi products. These points can be redeemed to help pay down the loan balance, or used for discounts, exclusive offers, and even cashback in some cases.
Finally, SoFi provides free financial planning sessions for its members, helping borrowers manage their private student loans and avoid overwhelming debt. There’s also a co-signer release option available after 24 consecutive on-time monthly payments (subject to approval), giving students more independence and easing the responsibility for co-signers.
