- Fixed APR range
- 3.42%–15.86%
- Variable APR range
- 4.64%–15.99%
- Loan amount
- $5K–100% of costs
- Cosigner release
- After 24 payments
Why it stands out
SoFi highlights
- No origination, application, or late fees on any loan
- 0.25% autopay discount stacks on already-low rates
- Free 1-on-1 career coaching and financial planning
- Unemployment protection can pause payments if you lose a job
The verdict at a glance
Pros and cons
Pros
- Among the lowest starting APRs for qualified borrowers
- Genuinely fee-free, including no late fees
- Member benefits extend well beyond the loan itself
Cons
- Best rates need strong credit or a well-qualified cosigner
- Cosigner release only after 24 consecutive on-time payments
- No loans for parents borrowing on a student's behalf
Our full review
Our take on SoFi
SoFi charges no fees of any kind and rewards good credit with some of the lowest starting rates in the category. Every borrower becomes a member, which unlocks free career coaching, financial planning, and rate discounts on future products.
Advertiser disclosure: Finmatchly may earn a commission when you visit a partner. This never affects our editorial rankings. Learn more
Figures shown are illustrative editorial examples and may change. Confirm current rates, fees, and terms on SoFi’s own site before you apply.
The alternatives
How SoFi compares
Other top-rated lenders in Student Loans. Compare the numbers side by side before you decide.
| # | Provider | Rating | Fixed APR range | Best for | |
|---|---|---|---|---|---|
| 1 | Sallie Mae | 3.49%–15.49% | Undergrads who want proven scale | See Rates | |
| 2 | College Ave | 3.59%–16.99% | Borrowers who want to shape repayment | See Rates | |
| 3 | Earnest | 3.69%–16.49% | Students who value repayment breathing room | See Rates | |
| 4 | Ascent | 3.79%–16.28% | Students without a cosigner | View Offer |
- Sallie Mae4.9Best for Undergrads who want proven scale
- College Ave4.8Best for Borrowers who want to shape repayment
- Earnest4.5Best for Students who value repayment breathing room
- Ascent4.3Best for Students without a cosigner