Is satisfactory academic progress a requirement for the SoFi Private Student Loan? July 28, 2020 03:33 Updated Yes. The student is 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? What is the minimum credit criteria I must meet to qualify for a SoFi Private Student Loan? Do you require students to make Satisfactory Academic Progress (SAP) in order to receive the loan? What if I want to cancel my SoFi Private Student Loan before it funds? If I need more funds for next semester, do I need a new Private Student Loan application?