SoFi Student Loans Review

Private in-school loans with no origination or late fees, fixed from 2.99% APR, and rate discounts that depend on autopay and conditions.

By Michael Hewitt, Founder & Editor-in-Chief. Rates last checked October 21, 2026.

Our verdict

SoFi's in-school loans charge no origination, application or late fees and start at 2.99% APR fixed, but that floor includes autopay and is reserved for the strongest borrowers. Variable rates run to 15.99%, capped at 17.95%. Check the rate you would get with your own cosigner before you assume the floor.

Skip it if you need a rate near the floor without a cosigner, or you need a loan under $1,000.

About SoFi Student Loans

Private in-school loans with no origination or late fees, fixed from 2.99% APR, and rate discounts that depend on autopay and conditions. SoFi Student Loans is offered by SoFi Bank, N.A. (NMLS #696891). Member FDIC. We could not find a published customer rating for it on Trustpilot or the Better Business Bureau, so none is shown.

Best for: Students with strong credit or a cosigner who want no fees and a fixed rate.

Editorial grade: B (composite score 78/100).

Highlights

Fixed 2.99% to 15.99% APR and variable 4.64% to 15.99% APR, both with the 0.25% autopay discount, as published 21 October 2026
No origination, application, late or prepayment fees
Minimum loan $1,000, with no stated maximum
Originated by SoFi Bank, N.A., Member FDIC

What we like

No origination, application or late fees, so the advertised rate is close to the rate you pay
Fixed and variable options, with interest-only and deferred repayment choices in school
Decision in about three minutes on SoFi's own figures, with the rate shown before a full application

Where it falls short

The lowest rates are reserved for the most creditworthy borrowers, and the 2.99% floor includes the 0.25% autopay discount
Variable rates are capped at 17.95%, which is high against the fixed floor
A cosigner decides the rate you are offered, and SoFi says a cosigner may help you qualify for a lower rate

Fees, minimums, and rates

Monthly fee: No application, origination, late or prepayment fees. Minimum to open: $1,000 minimum loan. Rates and fees last checked on October 21, 2026.

How we reviewed it

This is a desk review: we have not opened an account with SoFi Bank, N.A. (NMLS #696891). Member FDIC. It is built from SoFi Bank, N.A. (NMLS #696891). Member FDIC's published rates, fee schedule and terms and from the public complaint record, and compared with the other products in the Student Loans shortlist. The rubric is the same for every brand.

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Read our full editorial methodology for how we review products.