SoFi offers private student loan options with no fees.

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Checking your rate will not affect your credit score. 

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SoFi is here to help with your student loan needs.

Six reasons to love your private student loan.

With benefits that help lower your student debt and monthly student loan payment, there's a lot to love about SoFi Private Student Loans.

All online. All easy.

Repay your way.

Rate discounts.

We're making it easy to apply and add a cosigner to your application in minutes.

Find the monthly student loan payment and rate that fits your budget.

Get a 0.25% discount when you set up autopay,4 and returning in-school customers are eligible for an additional 0.25% rate discount.

Private student loans that work for you.


SoFi helps undergrads pay for college without the hassle. See rates and terms in just minutes—and get access to tips, tools, and resources along the way,.

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Graduate Loans

Go to grad school and focus on your degree—not your debt. SoFi helps graduate students get low-rate loans and pay them back on their own terms.

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Law & MBA Loans

Now future lawyers and tomorrow's leaders of industry can pay for law or business school with premium, low-rate loans offered by SoFi.

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Parent Loans

Parents rejoice: now you can pay your child's tuition with a flexible, low-rate loan. SoFI's application is quick and easy—and the repayment plans are flexible. 

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Secure private student loan funding in three easy steps.

Understanding student loans: tools, tips, resources, and more.

Want to learn more about private student loans? Our online resource center is filled with over 5,000 articles, budgeting tools, guides, and more.

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Q: What are SoFi Private Student Loans?

SoFi Private Student Loans launched in 2019 with a goal to create private student loan products that help students pay for school easily. SoFi helps students and parents make smart financial decisions through transparency, tons of resources and support, and modern customer-first solutions.

Q: Which are better, federal loans or private loans?

In the spirit of transparency, SoFi strongly believes you should exhaust all of your Federal grant and loan options before you consider SoFi as your private loan lender.

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 $5,000.

Q: How much of my education cost can a SoFi Private Loan cover?

Q: What options do I have for reducing the overall cost of my loan?

The faster you pay, the more you can save. Making payments while in school (even if you choose to defer during school, you still have the option to make payments when you can) and picking shorter loan terms can help you pay the loan off as quickly as possible. That can help you save on your overall interest charges, which helps reduce your total payments on your loan.

Q: What discounts do you offer?

You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account.4 You can also qualify for a 0.25% interest rate discount on subsequent loans with the Continuing Scholar Discount. If you've taken out a private student loan with us before, we'll give you a 0.25% discount on your next loan.

See more FAQs

Q: Do SoFi Private Student Loans have any fees?

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 leads 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 and must meet SoFi's underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan requirements may be higher than $5,000 in specific states due to legal requirements. See for more information. 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 01/31/2022 and is subject to change. 

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 private loans, including ours. Read our FAQs.

† 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 customers ("members") may be eligible for a Member Rate Discount on certain loan types if they meet the eligibility criteria and any other applicable terms and conditions. SoFi reserves the right to discontinue or modify the Member Rate Discount at any time and without notice. Such changes or modifications will only apply to applications begun after the effective date of the change. If you have questions, please see our FAQs.

4 The SoFi 0.25% autopay interest rate reduction requires you to agree to make your schedule monthly payments by an automatic monthly deduction (ACH) 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. The discount will not reduce the monthly payment; instead, the discount is applied to the principal loan balance and is intended to help you pay the loan down faster. Enrolling in autopay is not required to receive a loan from SoFi.

1 SoFi Rewards Points: If you elect to redeem points for cash deposited into your SoFi Checking and Savings or SoFi Money account, fractional shares in your SoFi Invest account, or as a payment to your SoFi Personal Loans or SoFi student loans, your points will redeem at a rate of 1 cent per every point. If you elect to redeem points as a statement credit to your SoFi Credit Card account, your points will redeem at a rate of 0.5 cents per every point. For more details, please visit the Rewards page. Brokerage and Active investing products offered through SoFi Securities LLC, member FINRA/SIPC.

SoFi loans are originated by SoFi Lending Corp. or an affiliate (dba SoFi), a lender licensed by the Department of Financial Protection and Innovation under the California Financing Law, license number 6054612; NMLS #1121636 ( Terms, conditions, and state restrictions may apply.

©2023 Social Finance, Inc. All rights reserved.

Job Code: 20220131PSL_Gen

There are zero fees for SoFi Private Student Loans. Zero. That means no late fees, no origination fees, no application fees, no insufficient fund fees or any fees of any kind. When we say zero fees, we mean zero fees.

No fees. Period.

What you see is what you pay back with SoFi Private Student Loans.

Six-month grace period.

Give your postgrad self some extra runway by forgoing monthly student loan payments until six month after graduation.

Whether you're looking for private loans for college, grad school, law school, or your MBA - SoFi has you covered.

If no fees, low fixed and variable rates, and flexible repayment terms weren't enough, SoFi also makes it quick and easy to get the money you need for school.

Provide some basic info like first and last name, school information, degree type, loan terms, etc.

Enter your info.

View your rate options and estimated monthly payment, then select your loan terms.

Check out rates and terms.

Fund your student loan.

Sign your loan, wait for your school's approval, then it's time to hit the books!

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There are zero fees for SoFi Private Student Loans. Zero. That means no late fees, no origination fees, no application fees, no insufficient fund fees or any fees of any kind. When we say zero fees, we mean zero fees.

Rewards points.

Now, points can be redeemed to pay down SoFi student loans1it’s never been easier!

SoFi offers private student loan options with no fees.

SoFi is here to help with your student loan needs.