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? If I need more funds for next semester, do I need a new Private Student Loan application? Does SoFi offer a co-signer release for their Private Student Loans? Which are better, federal student loans or private student loans?