Support your child’s college journey with a loan that’s simple, transparent, and tailored for families.
Apply 100% online, choose your repayment option, and get funded quickly without unnecessary stress.
About SoFi:
SoFi is a leading U.S. fintech company known for innovation and customer-first solutions. Founded with the goal of making borrowing smarter, SoFi has expanded to offer loans, banking, investing, insurance, and more.
With millions of members nationwide, SoFi is more than a lender—it’s a partner in financial growth, offering community events, career support, and exclusive rewards.
Main characteristics of SoFi parent loan
- Loan amounts starting at $1,000
- Fixed rates from 4.49% APR and variable rates from 5.16% APR (with discounts)
- Flexible repayment terms: 5, 7, 10, or 15 years
- Multiple repayment options, including interest-only or full repayment
- No origination, late, or insufficient funds fees
Disadvantages
- Requires strong credit and income for lowest rates
- Private loans may not offer the same protections as federal loans
Here is advice for you
If you’re comparing options to cover education costs, SoFi parent loans offer an affordable alternative with more flexibility than many federal loans. It’s designed to fit your budget and help reduce long-term costs.
With SoFi, you also gain access to exclusive member benefits and financial tools, making it a smarter choice for families who want support beyond the loan itself.
Requirements to apply for this loan
- Must be a U.S. citizen or eligible resident
- Parent or sponsor of a student enrolled at least half-time in a participating school
- Reside in the U.S. or eligible territories
- Meet SoFi’s income and credit criteria
How to apply for the loan
- Visit the SoFi website and select the Parent Loan option
- Complete the online application in just minutes
- Choose between fixed or variable rates and repayment plan
- Upload necessary documentation and sign electronically
- Get funds disbursed directly to cover education costs
Apply for your Loan
With no fees, flexible repayment, and member perks, the SoFi parent loan makes financing your child’s education easier and smarter.
Click below to explore your options, check your rate instantly, and start funding your student’s future today!