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    Fertility Financing Compared: SoFi vs. Laurel Road

    Having a family is a huge milestone in the lives of most people. If you’re dealing with fertility issues and have decided to try IVF or alternative treatments, you may be wondering how you can finance this expensive medical procedure.  

    The average cost of treating infertility is around $12,000, a figure which could easily increase if the first time around isn’t successful. Therefore, it takes careful financial planning to afford this costly but life-changing treatment. 

    Since many health insurers dot cover this type of treatment, you’ll need to explore your loan options carefully before you proceed. Let’s take a look at fertility loans in more detail. 

    What Is A Fertility Loan?     

    These loans fall in the category of medical loans, a type of unsecured personal lending. You may need a letter from your doctor or fertility clinic to verify that you’re a patient and in need of this type of treatment before applying. 

    • Loans for future parents who are having challenges conceiving, don’t usually require any collateral
    • The loan amounts start from the $1,000 mark and can max out at around $100,000 or less depending on the lender
    • Your income, employment status, and most importantly, your credit score, will determine whether you’re approved and what kind of APR you’ll end up paying. The better your score, the more affordable your loan will be

    Whats Are The Different Types Of Fertility Treatments         

    There are various types of therapies for infertility available for both women and men. The type of specialized care depends on the specific condition they’re diagnosed with. 

    Female infertility may be caused by irregular ovulation, blocked fallopian tubes, or a physical problem with the patient’s reproductive organs. Male fertility challenges may be caused by low sperm count or motility and blocked sperm ducts. 

    Treatment for these conditions may include:

    • Hormone injections and oral medications, which are usually tried before serious procedures and IVF
    • IVF (In Vitro Fertilization) is when the sperm and egg are combined in lab conditions
    • IUI (Intrauterine Insemination) involves placing the male partner’s sperm in the female partner’s uterus
    • Surgeries to unblock the fallopian tubes in women and sperm ducts in men

    How Much Does Fertility Treatment Cost? 

    The cost of this treatment type can vary widely depending on which therapy is chosen and how successful it is the first time. Several rounds of treatment may be necessary before some couples can conceive. 

    • Oral medications like Clomiphene and Gonadotropins can range from $100 to almost $7,000 per course
    • IUI can cost between $1,000 and $2,000 per cycle
    • IVF is an expensive treatment with an average price of between $12,000 and $14,000. This amount can rise significantly if donor eggs are required, which could cost over $30,000. 

    SoFi Vs. Laurel Road             

    Laurel Road and SoFi medical loans are some of the most popular medical financing options available. While Laurel Road offers a low minimum loan amount, you’ll enjoy competitive APRs with SoFi and a maximum loan value of  $100,000.


    APR Range 

    FICO Score 

    Loan Amount


    5.9% - 18.72%

    680 or higher

    $5,000 - $100,000

    Laurel Road 


    660 or higher 

    $1,000 - $45,000

    Alternative Financing           

    The cost of fertility treatments means that some patients won’t qualify for a loan to cover their medical expenses in full. This is especially true if your treatment isn’t successful at first, and you require several rounds of therapy. 

    Fortunately, there are several alternatives you can explore to help pay for these expenses. 

    • Provider Payment Plans- Your fertility clinic may allow you to repay your treatment costs in monthly installments. These should be interest-free and affordable. However, if you stop paying, your account could be handed over to a collector
    • Tapping Into Your Savings- If you have a sizable emergency fund with at least three months’ expenses on hand, you may want to consider using some of your savings to pay for your treatment. You’ll need to budget carefully so that you can replace these funds over time.  

    Bottom Line             

    By sourcing your fertility financing online through lenders like SoFi and Laurel Road, you’ll have access to the funds needed to afford these expensive types of treatment. You may also want to consider alternatives like provider payment plans or using some of your savings to finance your medical expenses. 

    Fertility treatment can give you the opportunity of a lifetime, the ability to start a family. While the costs involved are high, it’s hard to put a price on the joy of having children.