Yes, we do offer Cosigner release! The primary applicant may apply to remove the Cosigner if they were of legal age in their state* when the loan was taken out. Additionally, after making at least 12 on-time scheduled monthly payments—or the equivalent in lump sum payment(s)—the student can request Cosigner removal, pending approval through the underwriting process.
At this time we do not offer cosigner release on Parent Loans with cosigners or for Student Loan Refinances. If you are looking to remove your cosigner from a Student Loan Refinance, you must refinance their existing SoFi loan and qualify on your own in order to remove the cosigner.
*The age of majority is 18 in most states, except for Alabama and Nebraska (19) and Mississippi (21).
- For SoFi Servicing, please contact us at 855-456-7634