SoFi Student Loans
Highlights
Variable APR
5.74% - 9.99% APR (with AutoPay)
5.74% - 9.99% APR (with AutoPay)
Fixed APR
4.99% - 9.99% APR (with AutoPay)
4.99% - 9.99% APR (with AutoPay)
Maximum Amount
No maximum
No maximum
Minimum Amount
$5,000 (may be higher depending on state)
$5,000 (may be higher depending on state)
Loan Term
5 to 20 years
5 to 20 years
State Residency
All states eligible
All states eligible
Degree Requirements
Associates or higher
Associates or higher
Income Requirements
None
None
Employment Requirements
Must be employed or have an offer to start within 90 days
Must be employed or have an offer to start within 90 days
Interest Only Payments
No
No
Origination Fees
None
None
Prepayment Penalty
None
None
Can Use a Cosigner
Yes
Yes
Can Release a Cosigner
No
No
Auto-Pay Interest Rate Reduction
Yes
Yes
Soft Credit Check
Yes
Yes
Unemployment Protection
Yes
Yes
- Pricing information from published website as of 5/9/2023
- For the complete terms and conditions, view the merchant's website. While reasonable effort has been made to maintain accurate and updated information, the information shown on this site may vary, be out of date, or not applicable to you. All information is provided without warranty. Please review the terms and conditions on the merchant's website.
More Information
| ||
| Learn More | Learn More | |
SoFi Student Loans | Earnest Student Loans | |
|---|---|---|
Benefits and Features | ||
| Variable APR | 5.74% - 9.99% APR (with AutoPay) | 5.89% - 9.74% (includes 0.25% autopay discount) |
| Fixed APR | 4.99% - 9.99% APR (with AutoPay) | 3.95% - 9.74% (includes 0.25% autopay discount) |
| Maximum Amount | ||
| Minimum Amount | $5,000 (may be higher depending on state) | |
| Loan Term | Custom term from 5 to 20 years (180 term options) | |
| State Residency | Most states with the exception of: DE, KY, and NV and no variable rate loans to residents of: AK, IL, MN, NH, OH, TN and TX | |
| Degree Requirements | ||
| Income Requirements | ||
| Employment Requirements | Must be employed or have an offer to start within 90 days | Must be employed or have an offer for a position to start within 6 months |
| Interest Only Payments | ||
| Origination Fees | ||
| Prepayment Penalty | ||
| Can Use a Cosigner | ||
| Can Release a Cosigner | ||
| Auto-Pay Interest Rate Reduction | ||
| Soft Credit Check | ||
| Unemployment Protection | ||
| Learn More | Learn More | |
| Terms Apply. | ||
SoFi: Pricing information from published website as of 5/9/2023 Earnest: Pricing information from published website as of 10/30/2024 | ||
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