PSLGen Archives

Aug

2025

Can Student Loans Be Discharged?

By Becca Stanek | Debt Payoff, Student Loans, student_loan | No Comments

Table of Contents

When You Can Discharge Student Loans
Alternatives to Discharging Student Loans
When to Refinance Your Student Loan Debt
The Takeaway

Student loans can be discharged in certain circumstances. When federal student loans are discharged, your requirement to pay back some or the entire remaining amount of your debt due is eliminated. However, this usually only happens in unique life situations, such as school closure, permanent disability, or death. However, because of a new student loans bankruptcy process, it may be possible to discharge student loans in bankruptcy.

Ahead, we explain who may qualify for student loan discharge, and other options for managing student loan debt.

When You Can Discharge Student Loans

Interested in discharging your student loans? Wondering when can student loans be discharged during bankruptcy? Here are details about some of the circumstances under which you may qualify for student loan discharge.

Total and Permanent Disability Discharge

To qualify for a federal student loan discharge due to disability, you must have a “total and permanent” disability that can be verified by the U.S. Department of Veterans Affairs, the Social Security Administration, or a qualified doctor. You also must complete a discharge application available at StudentAid.gov, which includes documentation showing you meet the government’s requirements for being considered disabled.

Veterans may be eligible for student loan discharge if they can provide paperwork from the VA demonstrating they either have a disability that is 100% disabling due to their service, or are totally disabled due to an individual unemployability rating.

For those borrowers who are eligible for Social Security Disability Insurance or Supplemental Security Income, you may also qualify for loan discharge by providing documentation of your Social Security award.

Not all private student lenders give you the option to discharge your loans if you’re permanently disabled. While you might be able to file an application to discharge your federal student loans because of disability, with private loans, you may have to consider legal action. You should speak to an attorney to determine if that’s the right course of action.

💡 Quick Tip: Get flexible terms and competitive rates when you refinance your student loan with SoFi.

Student Loan Discharge Due to Death

Federal student loan discharge may also be granted if the borrower dies. Parents who have taken out Parent PLUS loans on behalf of a student may also have these loans forgiven if the student or parent dies.

Proof of death, such as an original death certificate or certified copy, must be submitted in order for the loans to be canceled.

Declaring Bankruptcy and Discharging Student Loans

Can student loans be discharged during bankruptcy? And does bankruptcy clear student loans? The answer is yes to both questions, but the process can be lengthy and somewhat complicated.

Until late 2022, it was challenging and rare for federal student loans to be discharged through bankruptcy. But a process unveiled by the Justice Department in November 2022 makes it easier. Those filing for bankruptcy must fill out what’s called an attestation form to verify that they fit the definition of “undue hardship.” Their request is then evaluated by the bankruptcy judge under new standards, and their debt may be fully or partially forgiven.

Borrowers must pass a three-part test to prove they qualify for “undue hardship” and should have their federal loans discharged:

1. Is the borrower able to maintain a minimal standard of living while paying their student loans?

2. Have they made a good faith effort to repay the loans?

3. Will they continue to struggle to make payments during the remaining term of their loan?

It’s important to understand that filing for bankruptcy can have serious consequences. For instance, bankruptcy will impact your credit for years. It’s best to consult with a qualified professional, such as an attorney specializing in bankruptcy law, before making any decisions.

Closed School Discharge of Loans

If your school closes, you may be eligible for a 100% discharge of certain loan types, including Direct Loans, FFEL, and Federal Perkins loans. However, for this to apply, you must meet one of the following criteria:

• You must have been enrolled at the time the school closed

• You must have been on an approved leave when the school closed

• Your school closed within 180 days after you withdrew

Only federal student loans can be discharged due to school closure and other circumstances. For private loans, you must contact your lender directly to see if you will qualify with them.

Loan Discharge Because You Were Misled By Your College

If you have federal loans, and you feel your school “misled” you — for instance, by promising you’d get certain jobs or certain salaries — you may qualify to apply for Borrower Defense Discharge through the Department of Education. Note that this program has been challenged in court, but borrowers can still submit an application.

The application process is lengthy and submitting an application does not guarantee that your loans will be canceled.

False Certification Discharge

In very rare circumstances, you may be eligible for a discharge if loans were issued but they should not have been given out to you in the first place. For instance, this may apply if:

• Your school falsely certified that you had a high school diploma or GED

• You had a disqualifying status, such as a physical or mental condition, criminal record or other circumstance, at the time of the school certified your eligibility

• Someone else or your school signed your name on the loan application or promissory note

In all of the above circumstances, your loans might be discharged.

Unpaid Refund Discharge

If you leave school after getting a loan, your school may also be required to return part of your loan money. You may be eligible for a partial discharge if you withdraw from school, and the college did not return the portion it was required to under the law.

In this case, only the amount of the unpaid refund would be discharged.

Alternatives to Discharging Student Loans

Since qualifying for a student loan discharge is only permitted under certain circumstances, it’s important to look at other options for federal loans. Here are some of the other choices you may have to help you pay off your student loan debt:

Forbearance: Forbearance temporarily allows you to stop making your federal student loan payments or reduce the amount you have to pay. You may qualify if you are unable to make monthly loan payments because of financial difficulties, medical expenses, or changes in employment. Usually interest will still accrue while your loan is in forbearance.

Deferment: You may be able to defer your loans in certain circumstances, such as going back to school. Depending on your loan type, your loans may still accrue interest while in deferment. However, if you qualify for deferment on federal subsidized loans, you generally will not be charged interest during deferment. Note that deferment for economic hardship or unemployment will no longer be an option for loans issued after July 1, 2027.

Income-based repayment: With income-driven repayment, you may be able to reduce your monthly student loan payments if you can’t afford your monthly payments on a Standard Loan Repayment plan. With an IDR plan, you’ll make monthly payments of 10% to 20% of your monthly discretionary income. The Income-Based Repayment plan will forgive your remaining balance after 20 or 25 years. Note that two current options, PAYE and ICR, are set to close in the coming years. Existing borrowers will still be able to use IBR or switch to the new Repayment Assistance Plan (RAP).

Cancellation: If you have a federal Perkins Loan, you may qualify for up to 100% cancellation if you served full-time in a public or nonprofit elementary or secondary school system as a teacher serving low income students or students with disability or teach in a certain field. In addition to teachers, the following jobs may qualify you for partial or whole Perkins Loan cancellation: early childhood education provider, employee at a child or family services agency, faculty member at a tribal college or university, firefighter, law enforcement officer, librarian with master’s degree at Title I school, military service, nurse or medical technician, professional provider of early intervention (disability) services, public defender, speech pathologist with master’s degree at Title I school, volunteer service (Americorps Vista or Peace Corps).

Forgiveness: For borrowers working certain qualifying public service jobs, student loan forgiveness may be an option. With this option, your remaining student loan balance will be forgiven after you make 120 qualifying monthly payments while working full-time for a qualifying employer, which can include government organizations and certain not-for-profit organizations.

When to Refinance Your Student Loan Debt

Unlike student loan forbearance or deferment, which are temporary, short-term solutions, student loan refinancing can be a long-term debt solution. If you don’t qualify for the options mentioned above, refinancing can help simplify your repayment process since all of your loans can be taken care of with one monthly payment. If you refinance with a private lender, you can also change the term length on your student loans.

Should you refinance your student loans? You’ll need to weigh the pros and cons. One very important consideration is that if you refinance your federal student loans with a private lender, you will forfeit your eligibility for federal loan benefits, including student loan forgiveness or deferment. Using a student loan refinance calculator can show you how much you might save.

Recommended: Student Loan Refinancing Guide

The Takeaway

As you can see, it is possible to discharge student loans, but only in unique life circumstances, such as disability or false certification. If you do qualify, you may not have to pay some or all of your student loans, though you may have to pay taxes on the discharged balance.

If you don’t qualify for student loan discharge or one of the alternatives programs, refinancing your student loans with a private lender like SoFi can help get you a potentially lower interest rate, or a lower monthly payment if you extend your loan term. (You may pay more interest over the life of the loan if you refinance with an extended term.) Refinancing federal student loans also means losing access to federal discharge programs and other benefits.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

SoFi Student Loan Refinance
Terms and conditions apply. SoFi Refinance Student Loans are private loans. When you refinance federal loans with a SoFi loan, YOU FORFEIT YOUR ELIGIBILITY FOR ALL FEDERAL LOAN BENEFITS, including all flexible federal repayment and forgiveness options that are or may become available to federal student loan borrowers including, but not limited to: Public Service Loan Forgiveness (PSLF), Income-Based Repayment, Income-Contingent Repayment, extended repayment plans, PAYE or SAVE. Lowest rates reserved for the most creditworthy borrowers. Learn more at SoFi.com/eligibility. SoFi Refinance Student Loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

This article is not intended to be legal advice. Please consult an attorney for advice.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

SOSLR-Q325-037

Aug

2025

What Happens When Someone Pays My Student Loans?

By Anna Davies | Fresh Out of School, Going to College, Student Loans, student_loan | Comments Off

Can you pay off someone else’s loan? As a general rule, yes — so if you’re a student loan borrower and someone offers you assistance in paying off your loans, you may want to take them up on it.

However, it’s important to understand the implications. While a parent, grandparent, or even a mysterious benefactor could pay off your student loans, they may be responsible for a gift tax if they contribute more than the annual limit. The gift could also come with emotional strings attached.

Read on to learn about the tax implications of paying off someone else’s student loans — and how to repay your loans if the responsibility is all yours.

Table of Contents

Student Loan Repayment
Can Parents Pay Off Their Child’s Student Loans?
How the Gift Tax Works
What Happens When Someone Pays Off Student Loans For You?
Other Options to Pay Off Student Loans
Refinancing Student Loans With SoFi

Key Points

• If someone pays off your student loans, they may face a gift tax if the amount exceeds the annual IRS exclusion limit.

• Employers can contribute to your student loans without it counting as taxable income, up to a certain amount per year.

• Payments made by parents or others directly to the loan servicer do not count as taxable income for the recipient.

• Gift tax implications apply if a single individual gifts more than $19,000 in one year, but actual tax liability may depend on lifetime gift amounts.

• Ways to pay off your student loans include student loan consolidation, student loan forgiveness, student loan refinancing, and income-driven repayment plans.

Student Loan Repayment

Repaying student loans is a significant financial commitment that requires careful planning and management. After graduation, most federal student loans enter a grace period, typically lasting six months, during which no payments are required. This grace period allows you to get settled into your post-graduation life and start preparing for regular monthly payments. Once the grace period ends, you will begin making payments according to the repayment plan you have chosen.

The standard repayment plan is a fixed monthly payment over 10 years, but there are several other options available to accommodate different financial situations, including income-driven repayment plans.

Common Repayment Scenarios Involving Third Parties

Third parties, such as family members, friends, or employers, can play a significant role in helping borrowers pay off their student loans.

For instance, parents or grandparents might choose to make payments directly to the loan servicer, or they could gift money to the borrower to be used for loan repayment.

Employers may offer student loan repayment assistance as part of their benefits package, contributing a set amount each month or year toward the borrower’s loans. Through CARES Act legislation, employers can contribute up to $5,250 per employee per year toward student loans without the payment counting toward the employee’s taxable income, through 2025.

While these third-party contributions can be a huge relief, it’s important for borrowers to communicate clearly with their servicers and ensure that payments are applied correctly to avoid any administrative issues.

Tax Implications of Employer Student Loan Assistance

Employer-provided student loan assistance can offer significant financial relief, but it also comes with potential tax implications. As of 2023, the first $5,250 of employer contributions toward an employee’s student loans is tax-free. Any amount above this threshold is considered taxable income and must be reported on the employee’s W-2 form. This means that the employee will owe income tax on the additional amount, which could affect their overall tax liability.

Can Parents Pay Off Their Child’s Student Loans?

Yes, they can. But can parents pay off student loans without a gift tax? It depends. If a parent is a cosigner, paying the student loans in full will not trigger a gift tax. In the mind of the IRS, the parent is not providing a gift but is paying off a debt.

However, if a parent is not a cosigner, a gift tax could be triggered, depending on how much they pay.

How the Gift Tax Works

The gift tax applies to the transfer of any type of property (including money), or the use of income from property, without expecting to receive something of at least equal value in return, the IRS says — adding that if you make an interest-free or reduced-interest loan, you may be making a gift.

There are some exceptions. Gifts between spouses aren’t included in the gift tax. That means if you are married and your spouse pays off your loans, that would not trigger a gift tax event.

Tuition paid directly to qualifying educational institutions in the United States or overseas is also not subject to gift tax, but student loans are different.

The annual exclusion for gifts is $19,000 in 2025. That means an individual can give you up to $19,000 without triggering the gift tax, which the givers, not receivers, generally pay. If your parents file taxes jointly, they would be able to give a combined $38,000 a year, which could include paying down loans. Borrowers who have the good fortune to snag $19,000 from mom, dad, granddad, and grandma could get a total of $76,000 without any family member having to file a gift tax return.

Recommended: How Do Student Loans Work?

Annual Gift Tax Exclusion and Limits

As stated, the annual gift tax exclusion for 2025 is $19,000. However, a gift of more than $19,000 towards your student loans doesn’t mean that your benefactor is on the hook for paying a tax on their gift.

The excess amount just gets added to the lifetime exclusion — currently set at $13.99 million. As long as the benefactor’s total lifetime gifts are below that amount, they don’t have to worry about paying a gift tax. Still, if bumping against that lifetime exclusion is a concern, they can spread out their support over the years to avoid gifting you more than $19,000 in a calendar year.

Filing Requirements for Gifts Over the Limit

When an individual gives a gift that exceeds the annual exclusion limit, they are required to file a gift tax return, Form 709, with the IRS.
If the total value of gifts given over the years, including the current gift, does not exceed this lifetime exemption of 13.99 million, no gift tax will be due. However, failing to file the required return can result in penalties and interest. Therefore, it’s essential for individuals who make large gifts to stay informed about these requirements and to consult with a tax professional to ensure compliance and manage their tax obligations effectively.

What Happens When Someone Pays Off Student Loans For You?

A person can pay off graduate and undergraduate student loans for you by either:

• Paying the lender directly

• Paying you, with the expectation you will pay the lender

But if someone pays off your debt, is that income? Once another person has paid off your student loans, it’s as if you had paid them off yourself. You would not have any tax liability.

Financial and Tax Consequences

When someone pays off a student loan on your behalf, the financial and tax consequences can vary. Financially, the immediate benefit is the reduction or elimination of your debt, which can build your credit score, free up cash flow, and reduce financial stress.

However, from a tax perspective, the situation is a bit more complex. If the payment is made by a family member or friend, it is generally considered a gift and is not taxable to you, provided it does not exceed the annual gift tax exclusion limit, which is $19,000 per recipient as of 2025. If the gift exceeds this limit, the giver may need to file a gift tax return, but this typically does not result in immediate tax for the recipient.

If the payment is made by an employer, up to $5,250 of the assistance is tax-free, but any amount above this threshold is considered taxable income to you and must be reported on your W-2.

Impact on Credit and Loan Balances

When someone pays off your student loan, the impact on your credit and loan balances is generally positive. Your loan balance will decrease or be completely eliminated, which can significantly improve your debt-to-income ratio and reduce your monthly financial obligations.

The timely payment of your student loan can have a positive effect on your credit score, as it demonstrates responsible debt management. However, it’s important to ensure that the lender reports the payment to the credit bureaus, as this will help reflect the positive change in your credit report.

Other Options to Pay Off Student Loans

Not everyone has a benefactor, of course. While someone taking your student loan balance down to zero can seem like a dream, there are realistic ways to ease the burden of student loans, no third party required.

The one thing that won’t help: if you stop paying your student loans. Ignoring your student loan payments will result in an increased balance, additional fees, and a lower credit score.

If you hold federal student loans and stop paying them, part of your wages could be garnished, and your tax refund could be withheld. If you default on a private student loan, the lender might file a suit to collect from you.

In other words, coming up with a repayment plan is crucial. Strategies to pay off undergraduate and graduate student loans include student loan consolidation, student loan refinancing, student loan forgiveness, and income-driven repayment plans.

Student Loan Consolidation

If you have federal student loans, you may consider consolidation, or combining multiple loans into one federal loan. The interest rate is the weighted average of all the loans’ rates, rounded up to the nearest one-eighth of a percentage point.

Federal student loan consolidation via a Direct Consolidation Loan can lower your monthly payment by giving you up to 30 years to repay your loans. It can also streamline payment processing.

Consolidating federal loans other than Direct Loans may give borrowers access to programs they might not otherwise be eligible for, including additional income-driven repayment plan options and Public Service Loan Forgiveness.

Student Loan Forgiveness

Student loan forgiveness is a program designed to alleviate the financial burden of student debt for eligible borrowers. These programs are often aimed at individuals who have pursued specific careers in public service, teaching, or other fields that benefit society. To qualify, borrowers typically need to meet certain criteria, such as making a set number of on-time payments and working in a qualifying job for a specified period. The most well-known program is the Public Service Loan Forgiveness (PSLF) program, which forgives the remaining balance of federal student loans after 120 qualifying payments.

Borrowers who take out loans on or after July 1, 2026 can still benefit from PSLF so long as they choose the RAP and not the standard repayment plan.

Another way students can get their loans forgiven is through a disability discharge. Disability discharge is a provision that allows borrowers with total and permanent disabilities to have their federal student loans forgiven. To qualify, borrowers must provide documentation from a physician or the Social Security Administration (SSA) confirming their disability status. Once approved, the borrower’s remaining loan balance is forgiven, and they are no longer responsible for making payments.

Student Loan Refinancing

With student loan refinancing, a borrower takes on one new, private student loan to pay off previous federal and/or private student loans. Ideally, the goal is a lower interest rate. The repayment term might also change.

However, refinancing federal loans means that borrowers will no longer be eligible for federal repayment plans, forgiveness programs, and other benefits. If a borrower needs access to those programs, student loan refinancing won’t make sense.

But for borrowers who have no plans to use the federal programs, a lower rate could make refinancing worthwhile. Using a student loan refinancing calculator can help a borrower see how much money they might save by refinancing one or all of their loans.

Recommended: Consolidate Student Loans vs Refinance

Income-Driven Repayment Plans

Income-driven repayment (IDR) plans are federal student loan repayment options designed to make monthly payments more affordable by basing them on a borrower’s income and family size. These plans typically cap your monthly payment at 5% to 20% of your discretionary income and extend the loan term to 20 or 25 years, depending on the specific plan.

Starting on July 1, 2026, income-driven repayment plans PAYE, ICR, and SAVE will be replaced by a new Repayment Assistance Plan (RAP). The existing IDR plans will be eliminated by July 1, 2028. With RAP, payments range from 1% to 10% of adjusted gross income with terms up to 30 years. After the term is up, any remaining debt will be forgiven.

Refinancing Student Loans With SoFi

Even if your parents, grandparents, or others in your life are not in a position to pay off your student loans for you, understanding your options for potentially lowering your monthly payments or saving money over the life of a loan can give you multiple avenues to explore as you work toward taking control of your finances.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

With SoFi, refinancing is fast, easy, and all online. We offer competitive fixed and variable rates.

FAQ

Can I pay off my child’s student loans?

Yes, you can pay off your child’s student loans. But, depending on the amount, there may be tax implications.

Is paying off a child’s student loans considered a gift?

Yes. Paying student loans for someone else is considered a gift and would incur a gift tax for any gift above $19,000, which is the gift exclusion cutoff for 2025. That means both parents can contribute $38,000 per calendar year toward their child’s student loans without owing gift tax.

Can I pay off my sibling’s student loans?

Yes. You can absolutely win sibling of the year and pay off your sibling’s student loans. Just know that any gift above $19,000 in 2025 will trigger a gift tax that you will be responsible for paying.

Do I owe taxes if someone else pays my student loans?

If someone else pays your student loans, the amount paid may be considered taxable income, especially if it exceeds the annual gift tax exclusion. However, if the payments are made directly to the lender, they are generally not taxable. Always consult a tax professional for specific advice.

Can paying off someone’s loans impact their eligibility for forgiveness programs?

Paying off someone’s loans can impact their eligibility for forgiveness programs, as these programs often require a specific amount of unpaid debt and a history of consistent payments. If the loans are fully paid off, the individual may no longer qualify for forgiveness. Consult the specific program’s rules for details.

Photo credit: iStock/Halfpoint

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Tax Information: This article provides general background information only and is not intended to serve as legal or tax advice or as a substitute for legal counsel. You should consult your own attorney and/or tax advisor if you have a question requiring legal or tax advice.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOSLR-Q325-035

Aug

2025

Examining the True Cost of An MBA Degree

By Kevin Brouillard | Debt Payoff, Fresh Out of School, Student Loans, student_loan | No Comments

A Master of Business Administration (MBA) is a highly valued degree in the business world and can put you on a path to a successful and high-paying career. However, these degrees don’t come cheap. In fact, the total cost of an MBA can range from $30,000 to more than $200,000.

Is it worth it? The answer depends on myriad factors, including what school you go to, your financial situation, what financial aid you qualify for, and your future career goals. Read on for a closer look at the real costs and benefits of getting an MBA.

Key Points

• The total cost of an MBA includes tuition, books, and living expenses, which can range from $30,000 to over $200,000.

• Top-tier MBA programs often come with higher price tags but may offer better return on investment through enhanced career opportunities.

• Financial aid, scholarships, and assistantships can significantly reduce the financial burden of pursuing an MBA.

• Opportunity costs, such as lost income and career advancement, should also be considered when evaluating the true cost.

• Students can also rely on private student loans to fill in the gaps when scholarships and federal aid aren’t enough.

MBA School Costs

How much an MBA costs will depend on a variety of factors, such as school ranking, tuition structure, enrollment status, cost of living, and fees. MBA costs are also influenced by a student’s ability to qualify for financial aid, scholarships, and employer assistance.

It’s helpful to consider these factors and your chance of acceptance when evaluating MBA programs.

MBA School Requirements

To be accepted into an MBA program, students typically need to submit proof of a bachelor’s degree from an accredited institution, a personal statement, letters of recommendation, and a resume. Some schools require the GMAT or GRE and/or set GPA minimums for admission.

Working with an MBA application consultant could help fine-tune your writing and communication style to improve your candidacy for competitive programs.

Once enrolled, MBA students generally complete between 30 to 60 credits over two years of full-time study. Some accelerated MBA programs may be completed in as little as one year.

Private and Public MBA Tuition

Excluding scholarships and financial aid, public in-state tuition can be a student’s more cost-effective option for higher education. This rings true for prospective MBA students in certain states. For instance, the total MBA program cost for 2025-26 at the University of Washington’s Foster School of Business is $84,810 for in-state students, compared to $119,148 for out-of-state students.

However, the difference between in-state tuition and out-of-state or private tuition can be marginal at some high ranking public MBA programs. For example, 2025-26 tuition at the University of Michigan is $76,152 for in-state students vs. $81,152 for non-residents.

Total Cost of an MBA

The total cost of an MBA degree means more than just tuition expenses. Many MBA students will have to pay for textbooks, transportation, extracurricular activities, and other living expenses as part of their education. This more comprehensive expense list is used to calculate the cost of attendance.

A student’s enrollment status also impacts MBA cost. Studying part-time can allow students to pay per credit hour and continue working, though dropping below full-time enrollment status may impact eligibility for some scholarships.

To understand the true cost of an MBA, you also need to factor in the opportunity cost of not working, and not earning a salary, for the (typically) two years you are attending school full-time.

Recommended: Is Getting an MBA Worth It?

How Much Does an Online MBA Cost?

Relocating or commuting may not be feasible for all prospective MBA students. Choosing an online MBA program can offer more flexibility and a lower overall cost for some students.

Keep in mind that the cost of online MBA programs can vary greatly. Top ranking online MBA programs — UNC and Carnegie Mellon — cost over $125,000 and $140,000 in total tuition and fees, respectively. There are more affordable options, however. For example, an online MBA at Auburn University Harbert College of Business runs $39,250.

Recommended: The 14 Best Jobs for MBA Graduates

Cost-Benefit Analysis of Getting an MBA

At the lower end, tuition costs for business schools may come in around $52,000 a year (for an in-state student at a public university); at the higher end, it’s around $80,000 a year. Top schools like Yale and Duke University can leave students with over $100,000 in debt.

Even considering the increase in salary for those who went to prestigious programs — Yale graduates make a median base salary of $175,000 a year — those upfront costs of tuition can be intimidating. And let’s not forget, there are still costs that don’t factor into tuition.

Clubs, for instance, might be a necessary networking tool, and they come with a price tag that’s hard to factor in. And how about a trip to study in India? Traveling abroad pushes your costs up even further.

When weighing costs and benefits, you’ll want to also consider that many MBA programs offer scholarships, based both on merit and need. NYU reports awarding merit-based scholarships to up to 25% of students, while around 50% of MBA students at Stanford receive fellowship funds averaging $47,000 per year.

Keep scholarship availability in mind when researching schools, since aid varies widely. Stanford, for instance, has one of the highest costs of attendance (around $135,771 a year), but students can graduate with far less debt than most top-tier MBA programs due to their need-based financial aid.

Ways to Pay for Your MBA

Assuming you don’t have six figures in savings you can tap to pay for business school, you may need to get creative to cover the costs. Beyond scholarships and fellowships, mentioned above, here are some other options to help pay for your MBA.

Employer Sponsorship

Sponsorship through a company is possible but relatively rare, and it can come with strings attached. For instance, you may be contractually obligated to stay with the company sponsoring you for a certain number of years, which may prove limiting if you don’t see a future with that company or in that field.

Many students choose to work summers or even while in school. However, some schools advise students not to take on part-time work due to the workload and the importance of extracurricular activities.

Student Loans

Depending on your financial situation, chances are it might be necessary to consider applying for MBA loans, whether private or federal, to pay for your MBA.

The interest rates for Federal Direct Plus Loans for graduate students disbursed between July 1, 2025, and July 1, 2026 is fixed at 8.94%.

Interest rates on private student loans may be fixed or variable and will vary depending on multiple factors, including the applicant’s credit history. These loans, which are available through banks, credit unions, and online lenders, are not need-based and generally require a credit check. Borrowers (or cosigners) with excellent credit tend to qualify for the lowest rates.

Keep in mind that private student loans may not offer the same borrower protections that federal student loans offer, such as Public Service Loan Forgiveness.

Note that Grad PLUS Loans will no longer be available as of July 1, 2026. Borrowers who already received a Grad PLUS loan before June 30, 2026, can continue borrowing under current terms through the 2028-29 academic year.

The Takeaway

In the business world, people with MBAs generally earn much higher salaries than those in comparable roles who don’t have an MBA. The average starting salary offered to 2024 MBA grads was $121,324. However, graduates from top business schools were offered significantly more — an average base salary and signing bonus of $207,434.

When thinking about whether the cost of an MBA is worth it, you’ll want to tally up all the expenses involved in attending a business school program, tap any sources of financial aid you are eligible for, plus do some research into how much graduates from your selected school tend to earn in the business world.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

How much does it cost to get an MBA?

The cost of an MBA varies widely, ranging from $30,000 to over $200,000, depending on the program, school, and location. Public universities and online programs tend to be less expensive, while top-tier private institutions can be significantly more costly. Financial aid and scholarships may help offset these expenses.

Is an MBA worth it?

An MBA can be worth it if it aligns with your career goals, provides valuable skills, and offers strong networking opportunities. It often leads to higher salaries and better job prospects, but the return on investment depends on the program’s reputation and your personal career trajectory.

Is an MBA worth it after 40?

An MBA after 40 can be worth it if it aligns with your career goals, offers networking opportunities, and enhances your skills. It can lead to higher salaries and new job prospects, but consider the time and financial investment carefully.

SoFi Private Student Loans
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. 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 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q325-053

Aug

2025

How Much Does Culinary School Cost?

By Kevin Brouillard | Growing Wealth, Student Loans, student_loan | Comments Off

If you’re passionate about food, a career in the culinary arts may be right for you. Going to culinary school can help you acquire the knowledge, skills, and hands-on experience required to work in the field.

But how much does it cost to go to culinary school compared to trade school or traditional college? It depends on where you go and the type of degree you pursue. Getting a bachelor’s degree at a private school can run as high as $120,000. However, going to an in-state public culinary school and/or pursuing a shorter (associate) degree can cost significantly less.

Getting a bachelor’s degree at a private school can run more than $100,000. However, going to an in-state public culinary school and/or pursuing a shorter (associate) degree can cost significantly less.

This guide will examine culinary school cost factors and payment options to help you decide if it’s the right move for your future.

Key Points

• Culinary school tuition can range from just a few thousand to over $100,000, depending on the program and institution.

• Students should budget for additional costs like books, uniforms, and tools, which can add several thousand dollars to the total expense.

• Many students can reduce costs through scholarships, grants, and federal financial aid.

• Shorter programs are generally less expensive, but may offer fewer comprehensive skills.

• In addition to federal aid, students can apply for private student loans to help cover the costs of culinary school.

Tuition Rates for Culinary Schools

The cost of culinary school will depend on what degree you pursue and whether you go to a private or public college.

Getting an associate degree at a public school may cost less than $10,000 if you live in-state, or $30,000 or more if you live out-of-state.

An associate degree at a private culinary school, on the other hand, can run $50,000 to $56,000.

Pursuing a bachelor’s degree in the culinary arts generally comes with a higher price tag. At a public school, it can cost $47,000 to $50,000 (if you live in-state) and $50,000 to $100,000 (if you live out-of-state). The cost of getting a bachelor’s degree at a private school can run around $120,000.

When evaluating a program’s sticker price, keep in mind that tuition pricing may reflect a standalone semester, rather than the entire program cost. Depending on your field of study and type of degree you pursue, you may need anywhere from four to eight semesters to finish a program or degree.

Why Is Culinary School So Expensive?

Culinary schools can have an intensive structure. Condensed schedules can translate to more time spent in both the classroom and kitchen than typical college students.

Whereas a lecture hall can accommodate hundreds of students for a course, culinary students typically receive more one-on-one instructions in smaller class sizes. Also, culinary coursework that involves cooking and baking has the added cost of buying ingredients and materials.

Culinary school costs might also include purchasing cooking equipment, such as knives, cutting boards, and a kitchen uniform. Depending on the program, these may be automatically factored into the tuition price or tacked on as an additional fee.

Types of Culinary Degrees Available

You have a variety of options to choose from for a culinary degree. The types of schools offering culinary degrees include technical schools, community colleges, four-year colleges, and independent culinary institutes.

Students can choose from certificate programs, an associate degree, or a bachelor’s degree in culinary arts.

Certificate programs are usually the shortest to complete with one to two semesters of coursework and training. Associate programs generally last two years and may incorporate a mix of hands-on training, internships, and coursework. Bachelor’s degrees require more time ― generally four years ― to complete but can help further develop culinary skills and knowledge in related subjects like business and nutrition.

Culinary degrees can also focus on a specific discipline, such as baking and pastry arts or hospitality and restaurant management.

How Can You Pay for Culinary School?

A combination of funding sources may be required to cover tuition, equipment, and related expenses. Prospective students and parents can consider the following options to pay for culinary school.

Grants and Scholarships

Figuring out how much culinary school is going to set you back starts with filling out the Free Application for Federal Student Aid (FAFSA®) to determine eligibility for federal financial aid. You may qualify for assistance in the form of grants if you have significant financial need.

There are also numerous culinary-specific scholarships that you can apply for. The National Restaurant Association awards merit-based scholarships between $2,500 to $10,000 for students pursuing undergraduate degrees in culinary arts and related fields.

Some additional grant and scholarship opportunities include:

• The James Beard Foundation: This nonprofit organization awards scholarships, tuition waivers, and work-study grants to students attending accredited culinary schools.

• The American Institute of Wine and Food (AIWF): Full-time students attending accredited culinary schools can apply for an AIWF scholarship from local chapters in California and Kansas.

• Rachel Ray, Yum-o!: The famous Food Network chef’s nonprofit funds culinary scholarships in partnership with the National Restaurant Association Education Foundation.

You can also explore grants for college from state government and private organizations for additional funding.

Federal Student Loans

Students may need to use student loans when scholarships and grants aren’t sufficient, and they cannot afford to pay out of pocket.

Through the Federal Direct Loan Program, you can access both subsidized and unsubsidized loans to pay for school. Subsidized loans are awarded based on a student’s financial need. The Department of Education pays the interest on subsidized loans while you are studying at least half-time and during the six-month grace period after leaving school. You may be eligible to defer loan payments further if you attend graduate school, join the military, or experience financial hardship.

Unsubsidized loans don’t require financial need to be eligible. Schools determine how much students can borrow based on the cost of attendance and a student’s total financial aid package. Interest on unsubsidized loans begins accruing as soon as the loan is disbursed.

Recommended: Types of Federal Student Loans

Employment

If financial aid isn’t enough to cover culinary school costs in full, working while studying could help pay the remainder.

Students with financial need may qualify for part-time employment through the Federal-Work Study Program. Work-study jobs are typically geared towards a student’s area of study or community service. Awards can vary according to the student’s need, the timing of application, and how much total funding is available at a given participating school.

Finding part-time work at a restaurant or food-related enterprise is another funding option that also supports professional development.

Private Student Loans

If financial aid and other sources aren’t enough to pay for culinary school in full, you can consider a private student loan.

You can obtain private student loans from banks, credit unions, and online lenders. Some students may need a cosigner to qualify for private student loans due to a lack of credit history and income.

Private student loan interest rates and loan terms vary by lender, which gives borrowers more choice in term length. However, private student loans do not carry the same borrower protections as federal student loans, such as income-driven repayment plans, deferment or forbearance, or the Public Service Loan Forgiveness program. You may want to consider private student loans as an option only after you have exhausted all other sources of aid, including federal student loans.

The Takeaway

While many food service and restaurant jobs don’t require education beyond a high school diploma, completing culinary school could lead to a higher-paying career. According to the Bureau of Labor Statistics, the average salary in 2024 for chefs and head cooks at restaurants was $60,990. With experience, you can earn considerably more. According to Glassdoor, the average annual pay for an executive chef in New York City is $80,000.

There are numerous ways to cover the cost of culinary school, including federal and private student loans, work-study, financial aid, and scholarships.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

FAQ

What additional expenses are there beyond culinary school tuition?

Additional costs include chef uniforms, knife sets, textbooks, kitchen tools, and lab/technology fees, which often total between $1,000 and $4,000.

Are financial aid and financing options available for culinary school students?

Yes — students can pursue federal and private loans, scholarships, grants, and payment plans to help offset tuition and related expenses.

How can students save money on culinary school?

Students can save money on culinary school by applying for scholarships, grants, and financial aid, choosing affordable institutions, enrolling in part-time or online programs, and seeking out apprenticeships or internships that offer hands-on experience and potentially reduce tuition costs.

Photo credit: iStock/visualspace

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q325-047

Aug

2025

5 Smart Ways to Pay for Law School

By SoFi Editors | Debt Payoff, Fresh Out of School, Student Loans, student_loan | No Comments

When you realize that the average tab for law school tuition approaches $50,000 a year (more than double the average cost of other graduate schools) you may wonder — how will I ever be able to pay for law school?

Fortunately, there are numerous programs that can cover part, or even all, of your legal education, including scholarships, grants, and loans. Read on to learn more about how to pay for law school without going broke.

Key Points

• Law school tuition averages around $50,000 annually, significantly exceeding other graduate programs, leading to total tuition costs of nearly $150,000 for a three-year program.

• Federal aid, grants, and scholarships are vital resources; completing the FAFSA can help determine eligibility for various financial support options and law school-specific aid.

• Working part-time or temp jobs during law school can reduce debt, with opportunities available in legal settings or roles that enhance professional experience.

• Military veterans may access educational benefits through programs like the Post-9/11 GI Bill, which can significantly offset law school costs.

• Private student loans can fill funding gaps after exhausting federal options, but borrowers should consider the differences in protections and repayment terms compared to federal loans.

Average Cost of Law School

The cost of law school will vary depending on where you study. According to the Education Data Initiative, the average total cost of law school (including living expenses) is $217,480.

Tuition alone runs, on average, $138,088 (or $46,029 per year), while living expenses average $79,391(or $26,464 per year).

And the cost of law school keeps going up. In fact, law school tuition costs have risen by about $4,352 every four years since 2011. Based on that inflation rate, the average yearly cost of tuition for the 2026-27 academic year is expected to be $51,016.

Private and Public Law School Tuition

Public law schools generally run about $25,409 a year less per year than private law schools. If you attend a traditional three-year law program, the gap between public and private schools increases to around $76,227.

Based on tuition alone, the most expensive law school is Columbia University at $81,292 a year, while the least expensive is University of Puerto Rico at $9,750 a year.

However, when you include living expenses, the most expensive law school is Stanford University, ringing in at $47,832 a year, while the least costly school is Oklahoma City University, at $12,600 a year for tuition and living expenses.

How to Pay for Law School

1. Apply for Federal Aid, Grants, and Scholarships

Filling out the Free Application for Federal Student Aid (FAFSA®) allows you to find out whether you qualify for federal grants, work-study programs, federal student loans, as well as student aid from your state or school.

The FAFSA may be a familiar presence since your undergrad days, but now you may be considered an independent student. You may be eligible for a Direct Unsubsidized Loan (current rate: 7.94%), Direct PLUS Loan (current rate: 8.94%), or the Federal Work-Study program.

Keep in mind that the aggregate federal student loan limit, which includes federal loans for undergraduate study, is $138,500 for graduate or professional students.

Law schools also typically offer some form of need-based financial aid based on information you provide on your FAFSA.

In addition to submitting the FAFSA, you may also want to seek out law school scholarships and grants from non-government sources. Grants and scholarships can be particularly helpful because they don’t require repayment. The Law School Admission Council’s website is a good resource for possible scholarship opportunities.

If you’re going into public interest law, you may also want to research the many programs that offer tuition assistance or law school loan forgiveness for working in eligible legal areas.

You can also check whether your school offers graduate student assistantships, which would cover some of your tuition in exchange for helping with research or teaching.

Recommended: Guide to Law School Scholarships

2. Consider a Part-Time Job or Temp Work

It can be challenging to make a side job jibe with your academic responsibilities, but if you can manage it, making some money while you’re still in school can be one of the best ways to reduce the debt you take on.

It might be a good idea to see if you can get a job that also boosts your résumé, such as working for a professor or as a paralegal.

Even if you can’t commit to a consistent job, you might consider temping during breaks, slow periods, and summers. A staffing agency may be able to quickly set you up with work that lasts just a few weeks or months. Short-term work can include customer service, data entry, or serving as an executive assistant.

If you have additional skills, such as a background in accounting or IT, you may be able to qualify for more specialized roles that demand higher pay. Some temp agencies even specialize in staffing for legal organizations.

3. Attend Law School Part Time

It’ll take longer to complete your degree, but working full time while you go to law school part time is another way to support yourself as you go.

Part-time programs usually allow you to earn your J.D. in four years rather than three. The downside is that you might miss out on opportunities such as clinics, summer clerkships, and student organizations.

4. Look Into Military Aid

The Department of Veterans Affairs (VA) has many educational benefit programs. One of the most popular is the Post-9/11 GI Bill program (Chapter 33), which provides eligible veterans and members of the Reserves with funding for tuition, fees, books, and housing.

Law schools that participate in the Yellow Ribbon Program provide additional funding to veterans, or their children, who are eligible for the Post-9/11 GI Bill benefits. The Department of Veterans Affairs matches these schools’ contribution, which could potentially help you to attend law school at a significantly reduced price.

5. Think About Private Student Loans or Refinancing

After grants, scholarships, and federal student loans, you may want to consider a private student loan to fill any gaps. If you have good or excellent credit (or can recruit a cosigner who does), you may be able to get a lower rate than some federal graduate school loans.

If you have loans from your undergraduate education or your first year or two of law school, refinancing your student loans with a private lender may allow you to take advantage of a lower interest rate and, depending on the loan term you choose, could lower your monthly payment or put you on track to repay your loans faster. (Note: You may pay more interest over the life of the loan if you refinance with an extended term.)

Just keep in mind that private student loans don’t offer the same protections you get with federal loans, such as forbearance, income-based repayment plans, and loan forgiveness programs. However, some private refinance lenders provide flexible options while you’re in school or experiencing economic hardship.

When we say no required fees we mean it.
No late fees, & insufficient fund
fees when you take out a student loan with SoFi.

Paying for Bar Exam Expenses

Sitting for the bar exam, a two-day affair, requires preparation (and often a bar review course), exam registration fees, and possibly travel expenses.

You may want to hunt around for bar preparation scholarships to help cover these costs. If you’re working for a law firm, your employer will usually cover the cost of the prep course, and many firms will pay review course fees for prospective employees.

Still, if you find yourself short, you could take out a “bar loan” in your final semester of law school or up to a year after graduating. A bar loan is a type of private loan you can use to cover all the costs associated with taking the bar. While rates can be high, they are generally lower than what you would pay with a credit card.

The Takeaway

While earning a law degree may lead to a lucrative career, figuring out how to pay for law school can be challenging. The good news is that there are numerous programs, including financial aid, work-study, scholarships, grants, and loans that can help you cover the cost of your legal degree.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

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FAQ

How can I save money on law school?

To save money on law school, consider attending a public institution, applying for scholarships and grants, working part-time, and choosing a school with affordable tuition and living costs. Financial aid and work-study programs can also help.

What is the average cost of law school?

The average cost of law school can range from $20,000 to $60,000 per year, depending on whether the school is public or private and whether the student is in-state or out-of-state.

What are the main factors that affect the cost of law school?

The main factors affecting the cost of law school include the type of institution (public or private), the student’s residency status (in-state or out-of-state), and the availability of financial aid.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

SOISL-Q325-037

Can Student Loans Be Discharged?

When You Can Discharge Student Loans

Total and Permanent Disability Discharge

Student Loan Discharge Due to Death

Declaring Bankruptcy and Discharging Student Loans

Closed School Discharge of Loans

Loan Discharge Because You Were Misled By Your College

False Certification Discharge

Unpaid Refund Discharge

Alternatives to Discharging Student Loans

When to Refinance Your Student Loan Debt

The Takeaway

What Happens When Someone Pays My Student Loans?

Student Loan Repayment

Common Repayment Scenarios Involving Third Parties

Tax Implications of Employer Student Loan Assistance

Can Parents Pay Off Their Child’s Student Loans?

How the Gift Tax Works

Annual Gift Tax Exclusion and Limits

Filing Requirements for Gifts Over the Limit

What Happens When Someone Pays Off Student Loans For You?

Financial and Tax Consequences

Impact on Credit and Loan Balances

Other Options to Pay Off Student Loans

Student Loan Consolidation

Student Loan Forgiveness

Student Loan Refinancing

Income-Driven Repayment Plans

Refinancing Student Loans With SoFi

FAQ

Can I pay off my child’s student loans?

Is paying off a child’s student loans considered a gift?

Can I pay off my sibling’s student loans?

Do I owe taxes if someone else pays my student loans?

Can paying off someone’s loans impact their eligibility for forgiveness programs?

Examining the True Cost of An MBA Degree

MBA School Costs

MBA School Requirements

Private and Public MBA Tuition

Total Cost of an MBA

How Much Does an Online MBA Cost?

Cost-Benefit Analysis of Getting an MBA

Ways to Pay for Your MBA

Employer Sponsorship

Student Loans

The Takeaway

FAQ

How much does it cost to get an MBA?

Is an MBA worth it?

Is an MBA worth it after 40?

How Much Does Culinary School Cost?

Tuition Rates for Culinary Schools

Why Is Culinary School So Expensive?

Types of Culinary Degrees Available

How Can You Pay for Culinary School?

Grants and Scholarships

Federal Student Loans

Employment

Private Student Loans

The Takeaway

FAQ

What additional expenses are there beyond culinary school tuition?

Are financial aid and financing options available for culinary school students?

How can students save money on culinary school?

5 Smart Ways to Pay for Law School

Average Cost of Law School

Private and Public Law School Tuition

How to Pay for Law School

1. Apply for Federal Aid, Grants, and Scholarships

2. Consider a Part-Time Job or Temp Work

3. Attend Law School Part Time

4. Look Into Military Aid

5. Think About Private Student Loans or Refinancing

When we say no required fees we mean it. No late fees, & insufficient fund fees when you take out a student loan with SoFi.

Paying for Bar Exam Expenses

The Takeaway

We’ve Got You Covered

Need to payfor school?

Already have student loans?

FAQ

When we say no required fees we mean it.
No late fees, & insufficient fund
fees when you take out a student loan with SoFi.

Need to pay
for school?

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