Create account Log in

SoFi
Student Loans
Private Student Loans
Private Student Loan Information

Articles in this section

When does my autopay discount begin? / Why do I not see the autopay discount on my account?
When will my payments be due for my SoFi Private Student Loan?
If I transfer schools, will my Private Student Loan transfer with me?
What is the range in Interest Rates for your various Private Student Loan options?
Does SoFi offer student loan forgiveness including death benefit?
Can a SoFi Private Student Loan be used for past due balances? How long?
What if I fall below half time or need to take a semester off? Will my Private Student Loan go into immediate repayment? Can I put my loan back into deferment if I return back to school?
Can I pay before my SoFi Private Student Loan is fully disbursed?
How is my payment applied to my SoFi Student Loan?
Who gets the welcome packet email from MOHELA, primary or cosigner?

See more

How is my payment applied to my SoFi Student Loan?

August 05, 2020 22:50
Updated

Upon receipt of payment, MOHELA allocates the payment to satisfy any interest due, followed by application to principal.

Facebook
Twitter
LinkedIn

Was this article helpful?

0 out of 0 found this helpful

Return to top

Related articles

Can I pay before my SoFi Private Student Loan is fully disbursed?
Who gets the welcome packet email from MOHELA, primary or cosigner?
Do you have a pre-qualification tool so the student will know immediately if they will be approved for a Private Student Loan?
When does my autopay discount begin? / Why do I not see the autopay discount on my account?
How do I follow the repayment of my refinance?

Legal

Terms of Use Disclaimers Licenses NMLS Access Eligibility Criteria Accessibility Business Continuity

Company

About Us How it Works Reviews Press Our Values Jobs Blog

Sign up for our newsletter:

Find us

2750 East Cottonwood Parkway #300
Cottonwood Heights, Utah 84121

Investment Products:

ARE NOT FDIC INSURED • ARE NOT BANK GUARANTEED • MAY LOSE VALUE

Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or permanent resident in an eligible state and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. To qualify for the lowest rate, you must have a responsible financial history and meet other conditions. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, a responsible financial history, years of experience, income and other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Business Oversight under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp., NMLS # 1121636. (www.nmlsconsumeraccess.org Opens A New Window. )

Diversification can help reduce some investment risk. It cannot guarantee profit or fully protect against loss in a declining market.

SoFi doesn’t provide tax or legal advice. Individual circumstances are unique. Consult with a qualified tax advisor or attorney.

"SoFi Invest" is the brand name for brokerage products and services offered through SoFi Securities LLC (SFS) Member FINRA Opens A New Window. /SIPC Opens A New Window. including SoFi Money™, advisory services offered through SoFi Wealth LLC (SFW) an SEC Registered Investment Adviser, and cryptocurrency services offered through SoFi Digital Assets, LLC (SDA). SFS, SFW, and SDA are affiliated companies under the common control of Social Finance, Inc. (SoFi). Neither SoFi nor its subsidiaries are a bank.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Clearing and custody of all securities are provided by APEX Clearing Corporation. Information on SoFi Wealth available in the firm's Form ADV Part 2 Brochure on the SEC's website.

234 1st Street, San Francisco, CA 94105

©2020 Social Finance, Inc. All rights reserved.

TLS 1.2 Encrypted

Equal Housing Lender