How do I know if my school is eligible for a SoFi Private Student Loan? July 28, 2020 15:36 Updated There are two main criteria we look at to determine school eligibility for private student loans: The school must be a Title IV not-for-profit college or university. At least 25% of students must graduate with a Bachelor's degree or higher. Related articles Can the SoFi Private Student Loan be used for certificate programs, less than half time, or SAP students? What are the education requirements for a Student Loan Refinance? Can a student change their repayment type on their Private Student Loan? Can my Private Student Loan be certified for future semesters if I'm already paid ahead? If interest rates rise and I have a variable rate loan, what is the highest rate I could pay?