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SoFi Blog

Tips and news—
for your financial moves.

student with backpack

Should I Take a Year Off From College?

There’s no denying it: College is a long, hard marathon. If you’re shooting for a bachelor’s degree, you likely have four years of full-time study before you have your degree in hand. The problem is that four years can be a long time to focus exclusively on school.

For some students, a year off offers a chance to step outside academia and back into the “real world,” but what are the potential risks and benefits of taking a year off from college?

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7 Non-Traditional Employee Benefits to Look for When Job Searching

When searching for a new job, it is common to look for a position that offers a competitive pay rate, an opportunity for inter-company growth, a comprehensive health-care package, and a generous time-off policy. Additional factors such as a short commute time, specific perks for working parents, and stock options could also be enticing.

Recently, however, more and more companies seem to be modernizing and innovating their employee benefits program beyond the norm to attract and retain new workers.

While these more unusual offerings could at first seem like trivial bonuses rather than significant aid, they often result in positive impacts on an employee’s life.

According to a 2019 survey conducted by The Harris Poll, 80 percent of respondents claimed they would take a job that had benefits over a job that made 30% more in salary but did not offer benefits. When determining if accepting a job with unusual benefits is worthwhile to you, it is important to keep your individual and/or family needs, lifestyle, and budget in mind.

If you’re on the hunt for a new role, keep an eye out for the following left-of-center benefits that could help you improve your physical and emotional health, better manage your time, grow your wealth, or save money.

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woman student on laptop

Study Tips for Finals

College might seem like a marathon, but each semester or quarter can feel more like a sprint, with the syllabus as the starting block and finals week as the finish.

The good news is that you learn a tremendous amount of new information during those weeks. The bad news is that, before you can ride off into the sunset of class break, you have to Remember. It. All.

Finals week is when the library is aglow 24 hours a day, full of students with their noses in books or laptops, possibly on the verge of a freak-out. It’s exhausting to be sure, and the stakes can be high, especially for students whose financial aid require that they maintain a minimum GPA.

But while finals week can be taxing, it doesn’t have to be chaotic. These study tips for finals can help you plan, prepare and tackle each test with confidence.

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student debt chart and cap

What Might Erasing Student Debt Mean for the Economy?

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.



Everyone knows someone with student loans. In fact, student loans have become as emblematic of the millennial generation as avocado toast and Instagram selfies.

It’s not an identity that millennials—or anyone—really wanted.

With national student debt levels over $1.6 trillion , millions of borrowers are feeling the squeeze from their student debt payments. Many even report that student loans have caused them to put their lives, financial and otherwise, on hold.

This may hurt the U.S. economy in a host of ways, with student loans stifling everything from small business
formation
to home buying to reproduction .

It’s no wonder that discussions regarding the student debt crisis have made their way into mainstream political discourse—and the living rooms of everyday Americans.

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