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SoFi Student Loan Review

SoFi Student Loan Review

Editorial note: This content is not provided or commissioned by any financial institution. Any opinions, analyses, reviews, or recommendations expressed in this article are those of the author’s alone, and may not have been reviewed, approved, or otherwise endorsed by the financial institution.

SoFi is a great option if you are looking to work with more modern customer service and want a strong career and network programs. It is ideal for the borrower with high income because they offer low rates.



Flexibility in customizing monthly payments

Ability to skip or stop payments

Soft credit check with prequalification


Does not offer direct payment to creditors with debt consolidation loans

Does not offer to refinance options

What We Like About Them

Customizable Monthly Payments

SoFi is extremely flexible when it comes to monthly payments. You can customize your payment due date

Ability to Skip or Stop Payments

You also get the ability to skip or stop payments which are great for those who might have financial hardships.

Soft Credit Check

SoFi’s soft credit check lets you see if you qualify before doing a hard check on your credit.

How to Qualify

Qualifying for SoFi requires a credit score of 680, a minimum loan balance of $5,000, and must have received a Doctoral Degree.


Details and Offers


Loan Amounts: Minimum: $5,000
Loan Qualifications: Federal, Private, and Parent PLUS loans
Fees or Prepayment Penalties: None
Loan Terms: 5, 7, 10, 15 and 20
Co-signer allowed: Yes
Income Requirements: None
Deferment and Forbearance Options: Yes, up to 12 months
Servicer: Mohela
Easy Rate Check: Yes

You can compare the top student loan lenders on Snowball’s Student Loan Lender Marketplace or Snowball can provide you with a personalized plan!

Click here to check your rate with SoFi.

Advertiser Disclosure: At Snowball, we are committed to being honest and transparent. We will not allow advertisers to influence our opinion of offers that appear on our site. We do receive compensation from some partners whose offers appear here. It is this compensation which enables us to provide you with free services. We also may not cover all offers in the market. We are firm believers that if we wouldn’t recommend an offer to a close friend or family, we wouldn’t recommend it on Snowball either.

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