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SoFi Blog

Tips and news—
for your financial moves.

Caitlin Boston SoFi member

How One SoFi Member Paid Off More Than $222,000 in Student Debt

The member’s experience below is not a typical member representation. While her story is extraordinary and inspirational, not all members should expect the same results.

What do a simple question, a tropical rainforest, and a shiny purple catsuit have in common? For SoFi member Caitlin Boston, they’re all part of the story that helped her pay off more than $222,000 in student loan debt.

This unconventional tale begins back in 2009, after Boston had earned two bachelor’s degrees in anthropology and American studies from the University of Maryland and a master’s degree in social psychology from Cambridge.

Like many other recent graduates, Boston knew her student loan payments would start coming due. But what she didn’t know was just how high those numbers would be.

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man drinking coffee with laptop

Your Grace Period Is Ending—Now What?

College graduation can be a wild time. You go from juggling your last term papers and final exams (and graduation parties) to managing a career, often in mere months.

This period may be one of the most glorious—and confusing—transitions in your life. There is so much to learn about being an adult, especially in regards to managing your money. And learning this stuff is not an overnight process.

For many college grads, a good first step to successful money management is understanding student loans—including a loan’s grace period. If you have federal student loans, you may even be in your student loan grace period now.

For those of you that graduated in the spring, student loan grace periods may soon be coming to an end. It’s important to start there: What is a student loan grace period? And what happens when that student loan grace period ends?

Here are some tips for managing your student loans for the first time, including ideas on how to make payments once your student loan grace period is over.

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American flag with books

Republican Presidential Candidate Bill Weld’s Stance on Education and Student Debt

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.

Bill Weld , the former governor of Massachusetts, was the first Republican to announce that he’s running against President Donald Trump in the election primaries. Weld has historically supported education, in particular online education and training programs.

Who is Bill Weld, what are his positions on the major issues, and what exactly is his stance on education and student debt? Let’s dive in.

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Man studying in college library

What to Know Before Applying to a “Work College”

These days, heading off to college often means scrimping and saving, and borrowing student loans to make ends meet. As you’re applying to college and trying to find the right fit, it could help to explore a variety of options.

At some work college programs in the United States, students work in exchange for free or discounted tuition. While these programs are limited, work colleges may be worth exploring.

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sports stadium seats

How Important Are Sports in Your College Selection Decision?

If you’re a high school athlete, chances are you’re considering continuing playing your sport at college. And although your ultimate reason for going to college may be to get your chosen degree and prepare for your career and overall life, sports may play a significant factor in where you choose to go.

If that’s the case for you, you may want to consider these questions:

  1. How important are sports in your college selection?

  2. How important should they be?

  3. How can you benefit by participating in collegiate sports?

  4. What are some associated challenges?

Read on to learn some answers to those questions and more.

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