Is a summer term eligible for a SoFi Private Student Loan? July 28, 2020 02:47 Updated Follow Yes, Summer Term is available as long as the applicant meets the school's definition of being enrolled at least half time. Related articles What are the Private Student Loan repayment options and terms available for students? Should I apply one semester at a time for my Private Student Loan, or for the whole school/academic year? How much should I request for a SoFi Private Student Loan? What costs can I include? Can a Private Student Loan be used for a Graduate Certificate Program? Do your Private Student Loans cover multi-year academic periods?