SoFi offers students a great way to pay for school without breaking the bank. With competitive interest rates and flexible terms, SoFi loans can help you get the education you need without putting your future at risk. In this SoFi Private Student Loans review, we’ll show you how they can help you finance your studies and why SoFi is one of the top lenders on the market. 

Keep reading for an overview of how SoFi private student loans work, including eligibility requirements and interest rates. You’ll also learn about some of the benefits that come with borrowing from SoFi, including deferment and forbearance options.

SoFi is one of the top lenders in the country when it comes to student loans. Why? Because unlike many other lenders, the institution waives some of the pesky fees that keep most students up at night. With SoFi you won’t have to worry about hidden charges and you’ll only pay back what you owe. 

They offer loans for undergraduate and graduate students and they make it easy for who needs school financing to borrow money. The minimum amount is $1,000 and there’s no maximum. What that means is that they can cover all of your school-certified expenses like tuition, books, housing, food and more. 

You can choose between a fixed or variable APR and there’s a 0.25 discount for autopay. SoFi allows new customers to check for their rate estimates without harming their credit scores. Therefore, you’ll know exactly what you’re in for before you even apply for a loan. 

With its flexible loan terms, you can choose to repay in a way that best fits your budget and you can even have a 6 month grace period after you graduate to start the repayment plan. The online application is easy and you can request a loan with a cosigner within minutes. 

There’s a reason why SoFi is one of the top lenders in the country. However, getting a student loan requires great commitment and you should know all the pros and cons before applying for one. Check below for the advantages and disadvantages in our SoFi Private Student Loans review. 

The institution asks that the minimum score for applicants is 650. However, SoFi understands that during college, most people have a limited history and income. So if you’re able to apply with a cosigner with a good credit rating and solid financial history, your chances of getting the loan increase significantly. 

If after reading our SoFi Private Student Loans review you think this is the right loan for you, check the following link. In it, we’ll give you more details about the application process and how you can easily request your rates estimate.