Recommended Partner · Private Student Loans

SoFi® Private Student Loans Can Cover Up to 100% of School-Certified Costs

When scholarships and federal aid aren't enough, SoFi Private Student Loans offer flexible terms, no hidden fees, and rewards for students who earn good grades.

✓ No origination fees
✓ Soft credit check only
✓ Up to $250 good grades reward
View your rate →
Checking your rate won't affect your credit score
Featured Partner
SoFi® Private Student Loans
$0
Fees — ever
$250
Good Grades Reward
0.25%
Autopay rate discount
4 terms
5, 7, 10, or 15 yrs
✓ Borrow from $1,000 up to full cost of attendance
✓ 3.0+ GPA? Earn up to $250 cash back
✓ Defer payments until 6 months after graduation
✓ SoFi Private Student Loans Member Rewards on every on-time payment
Get your actual rate — no credit impact →
Soft pull only. Takes about 2 minutes.
Borrow smart: We always recommend exhausting scholarships, grants, and federal aid before considering private loans. SoFi Private Student Loans are best used to fill any remaining gap in your school-certified costs.
Find Free Scholarships First →
Why SoFi Private Student Loans

What makes SoFi Private Student Loans different

Many private lenders charge fees or offer limited perks. SoFi Private Student Loans do neither.

🚫

Truly no fees

No origination fee, no late fee, no insufficient funds fee, no prepayment penalty. What you borrow is what you owe.

$0 fees
🎓

Good Grades Reward

Maintain a 3.0 GPA or higher and earn a one-time cash bonus — $100 for single-semester loans or $250 for full-year loans.

Up to $250
📉

Autopay rate discount

Enroll in autopay and get 0.25% off your interest rate for the life of the loan. Small savings that compound over time.

−0.25% APR
⚡

Soft credit check

See your rate in minutes without a hard inquiry. Your credit score is unaffected while you compare your options.

No impact
📅

Flexible repayment

Choose from 5, 7, 10, or 15-year terms. Start repaying immediately — or defer until 6 months after you graduate.

4 term options
🎁

SoFi Private Student Loans Member Rewards

Earn points for on-time payments, checking your credit score, and other actions. Redeem for cash — your choice how to use it.

Ongoing perks
Loan Calculator

Estimate your monthly payment

Adjust the sliders to see how your choices affect what you'll pay each month.

Loan Amount $25,000
Interest Rate 6.5%
Repayment Term 10 years
SoFi Private Student Loans offer 5, 7, 10, and 15-year terms. Shorter terms mean higher monthly payments but less interest overall. Enroll in autopay to shave 0.25% off your rate.
Estimated Monthly Payment
—
—
Total Repaid
—
Total Interest
—
Principal
—
Interest %
—
Get your actual rate →
How It Works

Applying with SoFi Private Student Loans takes minutes

The process is fast, transparent, and doesn't affect your credit to check rates.

1

Check your rate

Takes about 2 minutes. Soft credit pull only — zero impact on your score.

2

Choose your terms

Pick your loan amount, repayment term, and whether to pay now or defer until graduation.

3

Get certified

SoFi Private Student Loans works with your school to certify the loan amount and disburse funds directly.

4

Earn rewards

Make on-time payments, maintain a 3.0+ GPA, and start earning SoFi Private Student Loans Member Rewards.

Repayment Flexibility

Four term options, two repayment styles

SoFi Private Student Loans let you choose the combination that fits your budget and timeline.

5 yr
Shortest term
Highest monthly payment, lowest total interest. Best if you expect strong income after graduation.
7 yr
Balanced option
A middle ground — manageable payments without dragging out the payoff too long.
10 yr
Most popular
Matches the standard federal repayment term. Lower monthly payment, more total interest than 5 or 7 year.
15 yr
Lowest monthly payment
Maximum flexibility for tighter budgets. You pay more in interest over time — but it's easier month to month.
Start paying immediately or defer until 6 months after graduation. Paying in school — even just the interest — reduces your total loan cost significantly. Use the calculator above to compare.
FAQ

Questions about SoFi Private Student Loans

How much can I borrow with SoFi Private Student Loans? ▼
You can borrow from $1,000 up to the full school-certified cost of attendance — which includes tuition, housing, books, and other eligible expenses. Your school's financial aid office certifies the amount before SoFi Private Student Loans disburses the funds.
Do I need a cosigner? ▼
SoFi Private Student Loans evaluates each application individually. Many students without an established credit history benefit from a creditworthy cosigner (such as a parent or guardian) to qualify or secure a lower rate. Some borrowers qualify on their own. Check your rate — it's a soft pull and costs nothing to see your options.
How exactly does the Good Grades Reward work? ▼
If you maintain a cumulative GPA of 3.0 or higher, you can earn a one-time cash bonus: $100 for single-semester loans and $250 for full-year loans. The reward is deposited into a SoFi Checking and Savings account. Additional terms apply — see SoFi Private Student Loans' site for full details.
Should I use SoFi Private Student Loans before or after federal loans? ▼
Always exhaust federal student loans first. Federal loans come with income-driven repayment plans, loan forgiveness programs, and standardized deferment options that private loans don't offer. SoFi Private Student Loans are best used to cover the gap between your federal aid and your total cost of attendance.
When do I have to start repaying? ▼
You can choose to start making payments immediately (which saves the most on interest), make interest-only payments while in school, or defer all payments until 6 months after you graduate or drop below half-time enrollment. SoFi Private Student Loans let you pick the option that fits your situation.
Does checking my rate hurt my credit? ▼
No. SoFi Private Student Loans use a soft credit inquiry to show you your rate — this has no impact on your credit score. Only if you choose to proceed and formally apply will a hard inquiry be made.

Ready to see your rate?

It takes about 2 minutes and won't affect your credit score. No commitment required.

Get your actual rate → Or find free scholarships first — every dollar you win is money you don't have to borrow.
Disclosure: Scholarships.com may receive compensation from SoFi Private Student Loans when users click on links or apply for student loans through our site. This compensation does not influence our editorial content. We encourage students and parents to evaluate all available federal student aid options before considering any private loan, including SoFi Private Student Loans. Please borrow responsibly. Read SoFi's FAQs. SoFi Private Student Loans are originated by SoFi Bank, N.A., Member FDIC.

Good Grades Reward: If eligible, you may receive one cash reward to a SoFi Checking and Savings account. The cash reward offered is $100 for single-semester loans and $250 for full-year loans. Additional terms and conditions apply, see https://www.sofi.com/private-student-loans/rewards-for-good-grades/ for details.