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? When will my payments be due for my SoFi Private Student Loan? What is the minimum credit criteria I must meet to qualify for a SoFi Private Student Loan? I want to withdraw my loan application. How do I do this?