SoFi Private Student Loans Review

Undergraduate: 3.54% APR to 14.83% APR (with autopay) Graduate: 3.54% APR to 14.83% APR (with autopay)

Undergraduate: 5.54% APR – 15.86% APR (with autopay) Graduate: 5.54% APR – 15.86% APR (with autopay)

Fixed rates range from 3.54% APR to 14.83% APR with 0.25% autopay discount. Variable rates range from 5.54% APR to 15.86% APR with a 0.25% autopay discount. 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 11/11/24 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/eligibilitycriteria/. 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. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

0.25% interest rate reduction with autopay from checking or savings. An additional 0.125% if student or cosigner is SoFi member. This is a SoFi member benefit different from their repeat benefit. Also, returning borrowers and cosigners are eligible for a 0.25% discount on their SoFi Private Student Loan rate through the family discount and the continuing scholar discount. Terms and conditions apply. Offer good for customers who have previously borrowed a private student loan from SoFi and are taking out a subsequent loan only, and subject to lender approval. SoFi reserves the right to change or terminate the Discount at any time.