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SoFi Blog

Tips and news—
for your financial moves.

May
22
2019
street in Washington DC

National Student Debt Forgiveness in the 2020 Election

By | Lifestyle, Money | No Comments

As the election cycle heats up in anticipation of the 2020 presidential election, national student loan debt relief is becoming a red-hot topic. Mark Huelsman , associate director of policy and research at Demos, shares that Americans can likely expect dramatic student-debt relief proposals, in contrast to previous election debates, saying that, “There is more consensus about the need to go big on college affordability than there has been in previous election cycles.”

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May
20
2019
hand turning key in door

What Is the Average Age to Buy a House?

By | Lifestyle | No Comments

Millennials come with a litany of perceptions. They’re sometimes stereotyped as lazy, not having or wanting jobs, and portrayed as bingeing on Netflix and probiotic drinks from the comfort of their parents’ basement.

With murky perceptions like this, it could be easy to believe that millennials aren’t interested in investing for their futures. Of course, this narrative is overly simplistic at best, and dead wrong at worst.

Many millennials have had to overcome major obstacles to homeownership that their parents didn’t have, such as college costs that are growing faster than wages and ever-mounting student loan balances .

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May
15
2019
woman sitting on front steps of house

Buying a Home in the Summer

By | Lifestyle, Money | No Comments

If your summer plans consist of days spent by the pool, catching up on a juicy summer read, we’re jealous. If you’re in the market for a house, you may want to consider swapping your easy beach read for the real estate listings.

As the weather heats up, typically so do housing markets—nearly nearly 40% of housing sales occur between April and July . Nice summer weather can not only make it easier for real estate agents to show a house, but it can also simplify the process of moving since you don’t have to deal with snow, ice, or any wintery complications.

Before you head out to the plethora of open houses, consider these tips for navigating the summer home buying season.

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May
14
2019
music festival

Summer Music Festival Rundown

By | Lifestyle, Money | No Comments

Summer’s almost officially here. And for live music enthusiasts that means one thing: it’s time to start making those 2019 music festival dreams a reality.

There are a whole lot of options out there. The 2018 season saw over 150 festivals to choose from. It’s highly likely that 2019 will offer the same abundance of awesome and be a good year to hit the road with your pals, see some live music, and make some new memories.

With all those choices and options, you might have to do some planning. Here’s our guide to some of the top music festivals this summer, with some tips on how to maybe save and manage cash along the way.

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May
13
2019
remodeled kitchen nook

5 Home Improvement Projects to Do If You’re Trying to Sell Your House

By | Lifestyle, Money | No Comments

While it may seem obvious, it’s worth repeating: When you put your house on the market, you want it to sell quickly. Case closed. But how do you make the magic happen?

Real estate agents know the real deal—curb appeal wins the day. First impressions matter to potential buyers, and that may mean completing some renovations before putting the house on the market to help it sell with speed.

If you’re interested in improving your home’s resale value, what project should you choose? Renovations can have varying impacts on your home’s value, so it might be worth doing a bit of research. The best value-boosting projects can change from year to year, depending on the economy, demand for raw materials, and buyer preference.

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