09/17/2020

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SoFi Blog

Tips and news—
for your financial moves.

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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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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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Benefits of Applying to College Early Action

You know which schools you want to apply to. You’re happy with your grades and extracurricular activities. It’s still the first semester of senior year, but you’re revved up and ready to start the college application process.

Good news: There is a deadline for people like you. It’s the early action college application deadline.

The early action deadline is fast approaching. If your top school options are early action colleges , you might be wondering if you should jump on the early action train or wait until spring semester.

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What to Know Before Taking the GRE Exam

Taking a standardized test can feel like an anxiety-inducing task that you’d really rather skip, but if you plan on applying for graduate school you might have to buckle down and take the GRE. Scores from the Graduate Record Examination (GRE) are a part of many graduate school applications.

The GRE is administered by the Educational Testing Service (ETS), which is responsible for the behind-the-scenes creation and scoring of around 50 million tests in more than 180 countries.

Prepping for the GRE can feel like a daunting task, but breaking it down into steps can make the process of taking the GRE less intimidating. While this information is subject to change, here are some tips about how to take the GRE today.

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Where the 2020 Presidential Candidates Actually Stand on 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.



Editor’s note: This post was updated January 2020 to reflect current candidates.

You’d probably be hard-pressed to find a high-profile politician, these days, who’d disagree that a student debt crisis exists in the United States—or that the problem is still growing.

Some 43 million borrowers owe more than $1.5 trillion in federal government loans, according to numbers from the U.S. Department of Education’s office of Federal Student Aid. That’s more than $33,000 per borrower on average.

And in the first quarter of 2019, the Federal Reserve Bank of New York reports 10.9% of aggregate student debt was 90-plus days delinquent or in default.

Finding solutions? That’s where the debate comes in.

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