SoFi Blog

Groupon or GrubHub? Square or Paypal? eBay or Etsy? Who will win our business may be up for debate, but the question of how the gig economy is changing the future of work and commerce certainly is not.

When you think about the Gig Economy, you may immediately think of Lyft drivers and short-term rental hosts, but there are many other players and companies helping to make this shift in the workforce a permanent fixture of everyone’s daily lives to bring you what you want, when you want it.

In a year of hotly anticipated IPOs, perhaps one of the most anticipated is Uber. The ridesharing company’s IPO this week is set to be one of the largest in history. Here’s a dive into the company and what to know about its IPO.

You may have heard that a couple weeks ago, we launched our very first SoFi-branded, waived-fee* ETFs, SoFi Select 500 and SoFi Next 500. Well, we’ve got more good news! We’re here today to share that we’ve launched two more ETFs. We’d like to introduce SoFi Gig Economy (NASDAQ: GIGE) and SoFi 50 (NYSE: SFYF).

More than 44 million borrowers collectively owe $1.5 trillion in student loan debt in the United States. Looking at these numbers more specifically, the average student loan balance is around $34,000.

And student loan balances have a ripple effect—they’re now impacting borrower’s financial decisions after college, including deciding whether to save for retirement or put away money for a house down payment.

If you are one of the millions who have taken out student loans for your college education, you may be worried about how to stay focused in college classes with this debt looming over your shoulder. It’s an understandable concern, of course—it can be difficult to focus on Creative Writing 201 when you’re busy calculating how much you’ll need to take out in student loans next year. Nonetheless, here are some tips to help you keep calm and stay focused on school.

Getting laid off can send your finances into a tailspin, especially if the pink slip comes without much notice. Whether you are facing temporary unemployment, or are having trouble finding a full-time position for a while, it’s important to think about how you will handle your student loans during this period so that you don’t go into default.

While it’s certainly scary to suddenly be without a job, layoffs are pretty common. According to the Bureau of Labor Statistics, every year about 21 million Americans lose their jobs due to layoffs and discharges.

If you recently got laid off and are suddenly scrambling to pay your bills, you may wish to consider income-driven repayment plans for your federal student loans or student loan forbearance. Loan forbearance allows the borrower to temporarily stop making payments, or at least reduce the payment amount for a specific timeframe, and can apply under many circumstances, not just unemployment.