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

Find out how the application process works! Source: SoFi.
Find out how the application process works! Source: SoFi.

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.

card

Loan

SoFi Private Student

Online Discounts

Pay zero fees. Flexible repayment options.

You will be redirected to another website

Apply online

See how to apply online. Source: Pexels.
See how to apply online. Source: Pexels.

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.

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 
APRFixed and variable ranging from 1.74% to 6.94%. 0.25% discount for automatic paymentsUndergraduate 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 PurposeEducational (undergraduate, graduate, law & MBA, parent loans)
Refinancing
Personal, for students who want to make payments
Loan AmountsMinimum of $5,000Minimum of $1,000
Credit NeededUndisclosed Approximately 600
Terms5, 7, 10, 15 years5, 8, 10, and 15 years
Origination FeeNoneNone
Late FeeNone5% of the amount due, or $25, whichever is less
Early Payoff PenaltyNoneNone
Desenho de pessoa usando computador e logo College Ave Student Loans

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!

About the author  /  Aline Augusto

My name is Aline Mesquita; I'm a writer here on the blog, where I write about finance in general and other subjects. I have been working with content creation for ten years. Also, I'm post-graduated in Project Management, with expertise in SEO practices. Currently, I am studying finance, market trends, and cryptocurrencies.

Reviewed by  /  Aline Barbosa

Senior Editor

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