SoFi Blog

Tips and news—
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How SoFi Money Gave One Member a Financial Restart

This year, SoFi gave one lucky member the opportunity to win $50,000 with our 50x50x50 Money referral sweepstakes.

Members who referred friends to SoFi Money® received $50 for themselves, $50 for their friend, and the chance at a $50,000 grand prize.

What would you do with an extra $50,000? While many might fantasize about using a $50,000 windfall to buy a fancy car or make a downpayment on a home, prize winner Denny is using his money for a much-needed financial reset to pay off debt and take care of his family.

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SoFi Takes the Field with SoFi Stadium

Earlier today, we announced that we’re partnering with Hollywood Park in a 20-year agreement that makes us the exclusive naming rights partner of the new SoFi Stadium, the future home of the Los Angeles Chargers and the Los Angeles Rams.

In addition, SoFi will be the official partner of the teams as well as a partner of the performance venue and surrounding entertainment district. You can check out some pictures of what it will look like here.

Opening summer 2020, SoFi Stadium is the centerpiece of Hollywood Park, a 298-acre world-class sports and entertainment destination being developed by Los Angeles Rams Owner/Chairman E. Stanley Kroenke. SoFi Stadium will hold year-round sports and entertainment events, and will be the host of Super Bowl LVI in 2022, the College Football National Championship game in 2023, and the Opening and Closing Ceremonies of the 2028 Olympic Games.

SoFi Stadium will have a seating capacity of approximately 70,000, expandable up to 100,000, with 260 luxury suites, more than 13,000 premium seats, and over three million square feet of usable space.

And most importantly, we’ll have a 27,000 square foot SoFi-branded VIP activation space inside the stadium which will be utilized for special events, including a dedicated SoFi lounge for you, our members, to access, one of the exclusive opportunities the company plans to offer you as part of this partnership.

“We’re thrilled to be introducing SoFi Stadium to the world, through our partnership with Hollywood Park,” said Anthony Noto, CEO of SoFi. “This is a giant leap toward achieving our company’s mission of helping people get their money right by reaching our members where they are. The partnership with this transformative project taking shape under Stan Kroenke’s leadership is the perfect opportunity to drive awareness and trust in the SoFi brand as we continue to grow and reach members on a national level.”

Learn more about this announcement by visiting www.sofi.com/sofi-stadium/.

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Crypto 101 Hosted by SoFi

Last night, we hosted 250 members and guests at The Commonwealth Club in San Francisco to get the inside scoop on what the heck crypto is, why people should pay attention to it, and if people should consider investing. Three industry insiders, Arianna Simpson, Jill Carlson, and Casey Caruso, helped us break down the basics in a conversation moderated by our very own Product Lead, Albert Cheng. You can catch the live stream here , or hear more about what our panelists had to say about this cryptic space by reading more below.

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Innovation in Saving for College, SoFi at Work Adds 529 Contributions

Our vision for SoFi at Work—our suite of tools, products, and resources for employees made available via their workplace benefits or wellbeing programs—is to help build financial wellness across a company’s entire workforce and for every stage of life.

We have made significant strides in this mission through special programs for employer contributions to help pay down student loans as well as special rates on student loan refinancing. The latest innovation to the SoFi at Work program adds 529 college savings plan contributions.

Our employer partners have asked for this and we’re excited to make this new capability generally available. It comes through the acquisition of LEAF College Savings, the leader in college savings employee benefits. LEAF’s advanced payroll and HR integration technology make recurring employee contributions to 529 college savings plans simple.

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Mad About Grad: Private Graduate School Loans for the Modern Student

One of the biggest investments a student can make is pursuing a graduate degree. Today, more than ever before, more people are taking on a larger amount of debt for master’s programs. We at SoFi believe you should be able to focus on your degree, not your debt. With our newly launched SoFi Private Student Loans for graduate school, we want to help you get low-rate loans that you can pay back on your own terms.

Just like our undergraduate student loans, launched earlier this year, our graduate school loans have no fees, competitive rates, flexible repayment options (deferred, interest-only, partial, and immediate), and a mobile-first experience. In addition to this, those pursuing their MBA or law degree will have access to specialty graduate pricing.

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