Loans
SoFi Student Loans Review: No Fees at All!
With multiple loan options, competitive rates, and transparency, SoFi student loans offer a fresh perspective on financing your academic dreams!
Advertisement
Get low APR student loans with autopay discounts!
College is expensive, but student loans can help. In this blog post, we’ll review SoFi Student Loans and help you make an informed decision.
Apply for SoFi Student Loans: up to 100% financing
Students seeking financial assistance for education can apply online for SoFi Student Loans. Find affordable loan options for you!
From credit scores to borrowing limits, we’ll cover everything you need to know. Stay tuned to broaden your options and make the best decision for your future!
- APR: 8.99% to 25.81% (enjoy 0.25% autopay discount);
- Loan Purpose: Private loan and refinance loan;
- Loan Amounts: Up to 100% financing;
- Credit Needed: Private loan (640), and not disclosed for refinance loan;
- Origination Fee: None;
- Late Fee: None;
- Early Payoff Penalty: None.
You will be redirected to another website
You’ll receive messages for less than 1 week, with a maximum of 1 message per day. You can unsubscribe anytime by replying STOP. By submitting this form, I confirm that I am 18+ years old and agree to the Privacy Policy and Terms and Conditions. I also provide my signature, giving express consent to receive informational messages via automated emails, SMS, MMS text messages, and other forms of communication. Message frequency may vary as part of our good-faith effort to respond to your inquiry. Message and data rates may apply. Text STOP to cancel. I understand that my consent to receive communications is not a condition of purchase and that I may revoke my consent at any time.
Advertisement
SoFi Student Loans overview
SoFi offers private and refinance student loans with no hidden fees and competitive fixed or variable interest rates.
- Zero Fees: No fees for origination, prepayment, or late payment.
- Loan Variety: Undergraduate, graduate, law, MBA, health professional, and parent loans.
- Flexible Loan Amounts: Accessible loans start at $5,000. You can use it to cover 100% of educational costs, including tuition, books, supplies, and accommodations.
- Autopay Perks: Get a 0.25% point rate discount on your payments.
- Pre-Qualification Made Easy: Pre-qualify with a soft pull, no harm to your score.
Repayment Options
SoFi understands that everyone’s financial situation is unique. So they offer various repayment options to cater to your needs:
Advertisement
Deferment
Firstly, you can defer payments and repay the principal and interest six months after graduation.
Interest Only
During your time in school, you can pay only the interest on your loan, reducing your immediate financial burden.
Advertisement
Partial Payments
Make small $25 fixed monthly payments while you’re still in school.
Then after 24 consecutive payments, you can even add a cosigner if needed.
Immediate Repayment
Finally, for those who prefer, you can start repaying immediately.
SoFi Student Loans: pros and cons
Every financial decision comes with its own set of advantages and disadvantages, especially when it comes to your education.
So, let’s review the pros and cons of SoFi Student Loans.
Pros
- Zero fees;
- Wide range of loan options;
- Flexible repayment options;
- Autopay discounts.
Cons
- No cosigner options for refinancing;
- The process can be slow ( about 4 to 6 weeks).
Minimum credit score
For private loans, the minimum score is 640. However, SoFi doesn’t disclose the minimum score for refinancing.
Want to apply for the SoFi Student Loans? We will help you!
Are you eager to dive into the application process for SoFi Student Loans? In our next post, we’ll guide you through the steps. So, stay tuned!
Apply for SoFi Student Loans: up to 100% financing
Students seeking financial assistance for education can apply online for SoFi Student Loans. Find affordable loan options for you!
Trending Topics
Capital One Savor Cash Rewards Credit Card vs. Capital One Walmart Rewards® Mastercard®: card comparison
Capital One Savor Cash Rewards Credit Card or Capital One Walmart Rewards® Mastercard®? Compare them and find out which one is best for you!
Keep ReadingNational School Lunch Program: see how to apply
Learn how to apply to the National School Lunch Program and get your children nutritious meals. Learn more now!
Keep ReadingChoose the perfect credit card and apply in just a couple of minutes
Learn the best way to choose a credit card for your score now. We've put together some things you should consider to make a choice. Read on!
Keep ReadingYou may also like
Apply for the Verizon Visa® Card: enjoy no annual fee
You can apply for a Verizon Visa® Card easily! Earn up to 4% cash back with no annual fee! Read on and learn more!
Keep Reading8 tips on how to make the most from refinancing
If you're looking to make the most of refinancing, getting well informed about this is vital. With these 8 tips, you'll be ready for it.
Keep ReadingCapital One Venture X Rewards Credit Card application: how does it work?
Do you need a travel rewards card with flexibility and miles? Read on and learn to apply for the Capital One Venture X Rewards Credit Card.
Keep Reading