Is satisfactory academic progress a requirement for the SoFi Private Student Loan? May 06, 2022 20:25 Updated Follow No. The student is not required to make satisfactory academic progress as a requirement for certification and funding. Related articles What is the minimum credit criteria I must meet to qualify for a SoFi Private Student Loan? Do you have a pre-qualification tool so the student will know immediately if they will be approved for a Private Student Loan? What is a cosigner? Can I list both parents as co-signers on my Private Student Loan? / Can I have more than one co-signer? Should I apply one semester at a time for my Private Student Loan, or for the whole school/academic year?