Undergraduate Student Loans

College expenses are here—get funding while there’s still time.

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Do you have school-certified costs due soon? SoFi’s got your back with a fee-free private student loan. It only takes three minutes to apply.

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Unlike with other lenders, viewing your rate with SoFi will NOT affect your credit score.✝︎

New! Cash bonus for good grades.

Up to $2501 with GPAs 3.0 or higher.

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A better way to pay for school.

We are making it fast and easy for you to pay for school with our undergraduate student loans. Easily add a cosigner. And finish
online applications in minutes. We’ll fill in the info on your next application to make it even quicker.

  • 100% covered.

    SoFi will cover all school-certified costs. That’s right—we’re got you covered.

  • No fees. No fuss

    No fees means no fees. That means no origination fees, no late fees, and no insufficient funds fees. Period.

  • Save Money

    Get extra ways to save: 0.25% rate discount with autopay5, plus another 0.125% discount^ for multiple loans to support multiple kids in college.

  • Cosign with confidence.

    Once students prove themselves with 24 straight on-time payments, they can apply to release cosigners from their loan.*‡

Choose from low fixed or variable rates.

Fixed

3.54% - 15.99% APR*

with all discounts

Variable

4.64% - 15.99% APR*

with all discounts

Not sure which to choose?
Learn more →

PRIVATE STUDENT LOANS

Earn and redeem points to pay down your SoFi student loan.

Now you can redeem your rewards points to pay down your SoFi student loan. Earning rewards points is as easy as setting up bill pay, checking your credit score, and more.

Learn more

For complete Member Rewards details, read our Terms of Service.

SoFi student loans vs. other lenders.

  • Time to get a rate quote
  • Fees
  • Ways to repay
  • Financial planning services
  • Multiple Repayment Term Options
  • Interest rate discount opportunities

  • 3 minutes

  • No fees

  • 4

  • Yes

  • Yes (5-, 7-, 10-, 15-year terms)

  • Automated payments‡ and subsequent loans^

Sallie Mae

  • 15 minutes

  • Late fee + returned check

  • 3

  • No

  • No (terms assigned by lender)

  • Automated payments

College Ave

  • 3 minutes

  • Late fee

  • 4

  • No

  • Yes

  • Automated payments

Discover

  • No longer accepting applications after January 31, 2024.

Sallie Mae

  • 15 minutes

  • Late fee + returned check

  • 3

  • No

  • No (terms assigned by lender)

  • Automated payments

Comparisons based on information obtained on lenders’ websites as of January 9, 2024

View your rate

Repay your way.

Pick the repayment option that works for you and your budget.

Deferred

Start paying principal and interest payments six months after you leave school.

  • No payments while in school
  • Highest overall cost option

Interest only

Pay only interest payments while you’re in school.

  • Moderate payment while in school
  • Reduces overall cost

Partial

Pay a $25 fixed monthly payment while you’re in school.

  • Lowest payment option while in school
  • Reduces some of the overall cost

Immediate

Start paying principal and interest payments right away.

  • Highest payment option while in school
  • Lowest overall cost option

View repayment examples

On your terms.

We now offer four different term options so you can choose a repayment timetable that works for you.

5-year

Interest: lowest, Monthly payment: highest, Time to pay off: lowest

7-year

Interest: mid low, Monthly payment: mid high, Time to pay off: mid low

10-year

Interest: mid high, Monthly payment: mid low, Time to pay off: mid high

15-year

Interest: highest, Monthly payment: lowest, Time to pay off: highest

View repayment examplesStart your application

How it works:

  • 1

    Apply online in just minutes.

    Get your rate fast and find out if you’re pre-qualified before you even finish the full application. Seamlessly add a cosigner in just a few clicks.

  • 2

    Select your rate and repayment option.

    Choose from fixed or variable rates. Then, pick from four repayment options.

  • 3

    Sign and accept your loan.

    Upload screenshots of your info, sign your paperwork electronically, and voilà—your work is done! We’ll handle it from here.

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Tools, tips, resources, and more.

Our online resource center is filled with over 500 articles, budgeting tools, guides, and more.

The Basics on How Student Loans Work

What Is the Maximum Student Loan Amount for a Lifetime?

6 Ways to Pay for College

SoFi's Money Management Guide for Students

Visit SoFi Learn

FAQs

SoFi is different, and we’re not just saying that. Our loans offer competitive rates and flexible terms with no fees, an easy all-online application, flexible repayment plans, and U.S. based support when you need it. And you can check your rate in just 3 minutes.
Undergraduate student loans allow young people to borrow the money they need to pay for their education. Student loans can be used to pay for qualified educational expenses like tuition, room and board books, supplies for classes, etc. Student loans can be borrowed by the student, or in some cases, by their parents. You can find more information on how student loans work here.
No, but rates for undergrads are typically higher without a cosigner. Most undergraduate students have limited credit history and income; having a cosigner with a solid financial history and good, established credit may help improve your chances of loan approval. It might even help you qualify for a lower interest rate. With SoFi’s online application process, you and your cosigner can see what rates and terms you pre-qualify for before submitting your full loan application—and it won’t impact your credit score.
  • Social Security number or Tax Identification Number (TIN) are required from all borrowers all the time
  • Proof of income: You may be required to provide proof of income if SoFi is not able to validate it automatically. We could use something similar for gov't id.
  • Government-issued ID
  • Student’s school information (student’s estimated graduation date and academic term)
  • Loan amount (how much you’d like to borrow)
  • Financial aid you expect to receive
  • Do you already have a private student loan with SoFi? We’ll use your past application to pre-fill as much information as possible in your new application
To be eligible for a SoFi loan, you must be a U.S. citizen, permanent resident, or non-permanent resident alien. You do not need to be a full time student, but you must be enrolled at least half-time in a degree-seeking program at an eligible school. Check out our full eligibility requirements to learn more.
This will depend on the loan terms that are selected. If you choose the deferred repayment option, full principal and interest payments can be deferred as long as the student remains enrolled at an eligible school at least half-time. For undergraduate and graduate loans, full principal and interest payments would begin 6 months after the student graduates or drops below half-time enrollment. Borrowers working toward their undergraduate degree have up to 60 months to complete their degree. Borrowers who have selected immediate repayment and Parent Loan borrowers will begin full principal and interest payments upon full disbursement of the loan. To learn how different repayment options can affect your monthly payment amount and what you might pay overall for the loan, check out oureligibility requirements page.
Yes, as long as you meet SoFi’s other eligibility requirements. Check out our full eligibility requirements to learn more.
No, SoFi does not require Satisfactory Academic Progress (SAP).

Learn more: What Is Satisfactory Academic Progress (SAP)?
The minimum amount that you can borrow is $1,000. You can borrow up to the total cost of education.
Yes. You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.
SoFi’s undergraduate student loan fixed and variable rate ranges can be found on this page. We also have loan options for Graduate, Law, MBA, Health Professions, and Parent. Full rate range information can be found on each respective web pages.
Putting one kid through college can be a challenge--let alone two, or more. SoFi is here to help with the Family Discount. Cosigners who take out SoFi Private Student loans for multiple student borrowers will receive a 0.25% rate discount on the second (or third, etc.) loans they're cosigning.
The family discount is applied to second and subsequent private student loans that have the same cosigner after the second loan is funded. The discount will stay on the loan for the duration of the loan and cannot be lost, whether the cosigner is released from the loan or not. This discount cannot be combined with other rate discounts, with the exception of the 0.25% autopay rate discount and the SoFi Member Discount.
Cosigners who are cosigning more than one SoFi Private Student Loan will receive the discount on the second and all subsequent loans. The discount will stay on the loan for the duration of the loan and cannot be lost, whether the cosigner is released from the loan or not.

See more FAQs

Get started in minutes.

Find your loan rate in just a few clicks.

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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. See SoFi.com/eligibility for more information. View payment examples. 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 3/16/25 and is subject to change.

* Interest Rates: Eligibility and Important Details. Fixed rates range from 3.54% APR to 15.99% APR with all discounts. Variable rates range from 4.64% APR to 15.99% APR with all discounts. Unless required to be lower to comply with applicable law, Variable Interest rates are capped at 17.95%. SoFi rate ranges are current as of 6/1/23 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 monthly principal 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.