SoFi Blog

Tips and news—
for your financial moves.

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Here’s the FAFSA Cheat Sheet You Didn’t Know You Needed

Taking out student loans is a big commitment—and filling out the paperwork is no cakewalk, either. You’ll need you and your parents’ tax documentation, income statements, and, of course, the ability to actually understand all that IRS gibberish… which is challenging even for those who already have a college education.

So we put together this FAFSA® “cheat sheet” to help you get filed and funded in a snap. (Sorry, though; we won’t be able to give you an equivalently easy fix when it comes to actually completing your college assignments.)

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female college student

Is Your Child’s Major Practical?

When your child chooses a major that taps into his or her passions and aligns with interests and strengths, that’s wonderful for them. But, because college educations are increasingly more expensive, it’s natural to hope that the choice of major will also be practical, one worth the investment.

Higher education is a financial investment, with average college tuition and associated fees for the 2018-2019 academic year standing at:

•  $35,676 for private colleges

•  $10,230 for state residents at public colleges

•  $26,290 for out-of-state students at state schools

This doesn’t count housing expenses, transportation costs, and books and supplies. So it just makes sense to want your child to end up with a college degree that’s practical.

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6 Questions to Ask Before Doing a Home Remodel

Home sweet home hasn’t been looking so sweet lately. Maybe you spend your days fantasizing about a kitchen any professional chef would dream of. Or perhaps you want to soak your worries away in a brand spanking new bathtub in your freshly tiled bathroom.

Your home is a sacred space, but it might take a little work—and money—to make your home feel that way. Whether you’re working on a fixer upper or want to give your home a mini-makeover, here are six home renovation questions to consider asking yourself before you launch into a remodel. Thinking about these questions out before you start home improvements could potentially save you a lot of time, money, and stress!

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student on graduation

Are You a Go-Getter? Ways to Be Successful in College & Beyond

College can be a blast—dinners in the dining hall, late-night gab sessions with the roommates, and weekend parties with the crew. It is an exciting time for self-exploration and learning.

As a college student, you might have more freedom than you’ve ever had before. No parents checking in to make sure your homework is finished or telling you to go to bed and get a good night’s rest. It’s really all up to you. While this transition can be challenging, college can also be a chance for you to grow in your independence.

Oftentimes, the skills you learn in college will be invaluable as you enter the real world—and isn’t that why you’re going to college in the first place? The work you put in during your college career could even lay the foundation for your future success.

So, what do college students need to be successful? There’s no one single guide for how to be successful in college, but these tips could help you make the most of your college years.

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colorful peaks

Your October Monthly Market Commentary

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

With the holidays right around the corner, the market continues to move upwards in the face of major geopolitical headlines and seemingly endless predictions of the next great downturn. October included some major news on stories we have been tracking for several months along with some new updates as companies announced earnings. As you recover from the sugar high after eating all of your kids’ candy (maybe that’s just me…), sit back and catch up on some highlights from October.

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