09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

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How to Get a Master’s Degree Online

Master’s degrees are more popular—and maybe more necessary—than ever. According to the U.S. Census Bureau , the number of people with a master’s has doubled since 2000 and, on average, a person with an advanced degree earned 3.7 times as much as a high school dropout.

Of course, whether you get a good return on your education and if it results in higher earnings depends on a lot of things: the type of program, the field of study, job prospects. Graduate school is a big time commitment and can be costly, so you want to weigh all the pros and cons. That’s also partially why online graduate degrees have become more popular.

If you’re wondering, ‘Can I get a master’s degree online?’ The answer is: yes, you can. Over 50% of master’s students got their degree either entirely online, also known as distance learning, or partially online.

Online classes can be an effective way to advance your education on your own schedule—and maybe save yourself some money. Graduate-level classes are no different.

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8 Financial Goals to Hit Before Turning 30

Our 20s can be such a wonderful time to learn about ourselves, bond with friends, and earn our first “real” paychecks. That said, our 20s do not come and go without their fair set of challenges. If you’re like most 20-somethings, you have plenty of mistakes under your belt—financial and otherwise.

And though it may not always seem so, that’s a good thing. Luckily, mistakes and missteps are often followed by learning and expansion.

Early in adulthood, trial and error is usually the name of the game when putting together a financial education. And while that’s great as an introduction to learning about money, there comes a time when everyone must be proactive with their money. Your mid to late 20s might be a great time for this.

While it is possible to create some guidelines on what to achieve by 30, keep in mind that everyone’s goals are going to be a little bit different because everyone’s personal financial situation is different.

For example, someone who has student loans will likely have financial goals that are different from someone who doesn’t. Therefore, you could pull from this list what makes sense for you, and amend as needed. (And none of this should be considered financial advice.)

Here are eight financial goals you might reach for before you turn 30.

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Having a Pet While in College

Imagine having a furry friend by your side as you navigate your classes and new relationships in college. Sounds comforting, doesn’t it? While this is a nice idea, having a pet is a lot of work, and there are several things to consider before getting a dog in college: Can you be a full time student and also take care of a dog? Will you have enough time? Can you afford it?

That being said, if you’re committed, the benefits of having a dog in college, especially the mental health benefits, may outweigh the cons.

There are, of course, other pets to consider besides dogs—cats, iguanas, ferrets—each with their own considerations, but we will focus on canines. Here is what you need to know to help you decide if having a dog in college is right for you.

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Finding The Perfect College Part-Time Job For Your Major

A lot of factors go into planning a college career—applying for financial aid, choosing a major, and even figuring out whether you need to get a job. It’s enough to make your head spin.

If you do decide to work, there might be some significant benefits in finding the right part-time job for your college years, including:

•   Paying for unexpected expenses: You might need to pay for membership dues for a club you want to join, clothing, or extra cups of coffee during finals week.

•   Job experience: Part-time jobs might provide you with experience in your chosen field.

•   Advantages in hiring: Employers, post-graduation, might prefer to hire entry-level professionals who already have some industry-relevant work experience.

So, how do you find the right part-time job during college? When is the right time to find that job? It could be when you’re still applying to schools or after you’re already established in at your chosen college. Whenever you’re looking, here are some ideas for finding the right fit for you.

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8 Things Every First-Year Law Student Needs to Know

Law school isn’t for the faint of heart. It takes hard work, dedication, passion, and commitment. After undergrad classes and hours spent studying for the LSAT you may think you’re ready for what lies ahead, but law school is an experience unto itself.

Most likely, you’re at a new school and, in addition to a rigorous course schedule and academic challenges, you’re faced with making new friends and settling into a new life. Before you embark on your first year of law school, here are eight things you should know.

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