SoFi Student Loans: 2025 Review

If you’re looking to take out a student loan you probably just have the basics in mind — good rates, manageable terms and a clear path to repayment. While many lenders check those boxes, some go a step further. SoFi, one of the biggest names in the private student loan space, offers more than just funding. From career coaching to financial planning tools and member perks, SoFi is designed to support borrowers well beyond the classroom. Let’s break it down.

SoFi offers private student loans for undergraduate, graduate, law, MBA and parent borrowers. These loans are designed to help cover educational expenses not met by scholarships, grants or federal student aid. SoFi also offers student loan refinancing for those looking to consolidate and potentially lower their existing loan payments.

You also need to have good to excellent credit, typically a minimum FICO score of 650 to 680, though having a co-signer can improve approval odds and interest rates. SoFi performs a soft credit check for prequalification, so checking rates won’t affect your score.

While SoFi offers flexible terms and valuable perks, many of the same benefits can also be found with Earnest, which provides a wide range of loan terms and amounts — from $1,000 up to the full cost of attendance, or $5,000 to $550,000 for student loan refinancing. Earnest also offers a nine-month grace period, which is three more months than what most lenders offer before repayment begins.

If you’re looking to apply without a co-signer, Ascent is another strong option. It offers loans to borrowers without established credit or a co-signer by evaluating alternative factors such as your school, program, expected graduation date, major, GPA, cost of attendance and Satisfactory Academic Progress. 

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Fixed rates range from 3.23% APR to 15.99% APR with 0.25% autopay discount. Variable rates range from 4.39%APR to 15.99% 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 7/10/2025 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 monthlyprincipal 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).