What happens if my school certifies less than $5,000? July 31, 2020 15:30 Updated If the loan is certified below $5,000 it will be withdrawn for not meeting our minimum loan amount. Related articles Do you have a pre-qualification tool so the student will know immediately if they will be approved for a Private Student Loan? How do I know if my school is eligible for a SoFi Private Student Loan? Why was my SoFi Private School Loan application declined? Is satisfactory academic progress a requirement for the SoFi Private Student Loan? Does SoFi offer a co-signer release for their Private Student Loans?