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.
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
Cheap Delta Air Lines flights: flights from $79.99!
Delta Air Lines cheap flights: find out where you can explore! Enjoy comfort, safety, and affordable fares. Start planning your next trip!
Keep ReadingCiti® Secured Mastercard® review: Build your credit history from scratch
Read on to a Citi® Secured Mastercard® review and find out its pros and cons and how it can help you build your credit.
Keep ReadingSupplemental Nutrition Assistance Program (SNAP): get help with food costs
The Supplemental Nutrition Assistance Program (SNAP) can help you afford a healthy diet. Learn about eligibility, benefits, and how to apply.
Keep ReadingYou may also like
Upgrade Cash Rewards Visa® application: how does it work?
If you're wondering how to apply for the Upgrade Cash Rewards Visa®, read this article to find out how to apply and enjoy its benefits.
Keep ReadingCommodity Supplemental Food Program (CSFP): Monthly Food
Learn how this program works in our Commodity Supplemental Food Program (CSFP) review! Access nutritious food and support in times of need.
Keep ReadingCostco Anywhere Visa® Card by Citi review: The rewards card for Costco members
Discover how Costco members can earn cash back on purchases with the Costco Anywhere Visa® Card by Citi review. Read on!
Keep Reading