Loans (US)
How to apply for the SoFi Private Student loans?
SoFi Private Student loans offer competitive rates, many repayment term options, and some exclusive benefits other lenders don’t. Check out how to apply for a loan!
Applying for SoFi Private Student loans: online and straightforward
SoFi Private Student loans features an application process fast and easy. But it is not only that. This lender is known for its competitive rates, zero fees, and flexible repayment options.
It offers an autopay option for those who want a 0.25% discount on their variable or fixed APR.
Also, it provides you with some exclusive benefits, like perks and access to educational and resourceful tools worth $266, a six-month grace period, and an online resource center filled with over 5,000 articles, guides, budgeting tools, and more.
Although it doesn’t disclose all eligibility criteria, you can pre-qualify without impacting your credit score. Plus, if you have a limited credit history or if you are an international student, you can pre-qualify with a cosigner.
Learn how to apply for a loan below.
Apply online
Access the SoFi website and click on View my Rate.
Fill in the forms and pre-qualify.
Then, provide basic and personal information like first and last name, school information, degree type, loan terms, etc.
Finally, view your rates and repayment options. Sign your loan and wait for your school’s approval.
You will be redirected to another website
By submitting this form, I agree that I am 18+ years old and I agree to the Privacy Policy and Terms and Conditions. I also provide my signature giving express consent to receive marketing communications via automated emails, SMS or MMS text messages and other forms of communication regarding financial products such as credit card and loans. Message frequency varies and represents our good faith effort to reach you regarding your inquiry. Message and data rates may apply. Text HELP for help or text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and I may revoke my consent at any time.
Apply using the app
As described above, you can only pre-qualify or submit the complete application using the website.
SoFi Private Student loan vs. College Ave Student Loans
SoFi Private Student Loans offer loans for educational purposes with competitive rates, zero fees, and flexible repayment options.
On the other side, College Ave Student Loans feature amounts from $1,000, even though it charges a late fee.
Find out more about these two lenders in the comparison table below.
SoFi Private Student Loans | College Ave Student Loans | |
APR | Fixed and variable ranging from 1.74% to 6.94%. 0.25% discount for automatic payments | Undergraduate Student Loans: rates from 0.94% to 12.99%; Graduate Student Loans: rates from 1.99% to 11.98%; Parent Loans: rates from 1.04% to 12.99% |
Loan Purpose | Educational (undergraduate, graduate, law & MBA, parent loans) Refinancing | Personal, for students who want to make payments |
Loan Amounts | Minimum of $5,000 | Minimum of $1,000 |
Credit Needed | Undisclosed | Approximately 600 |
Terms | 5, 7, 10, 15 years | 5, 8, 10, and 15 years |
Origination Fee | None | None |
Late Fee | None | 5% of the amount due, or $25, whichever is less |
Early Payoff Penalty | None | None |
How to apply for the College Ave Student Loans?
Get a loan designed for you at College Ave Student Loans! Learn how to apply for it!
Aline Augusto
Aline Barbosa
Senior Editor
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