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 How do I know if my school is eligible for a SoFi Private Student Loan? Do you require students to make Satisfactory Academic Progress (SAP) in order to receive the loan? What is the minimum credit criteria I must meet to qualify for a SoFi Private Student Loan? When will my payments be due for my SoFi Private Student Loan? I want to withdraw my loan application. How do I do this?