SoFi Blog

Tips and news—
for your financial moves.

Ace Your Student Loans with the Ultimate Loan Terminology Cheat Sheet

As a student loan borrower, you’ve probably noticed that your loans have a language all their own – a sometimes complicated language full of words and phrases that often have more than one meaning.  Getting a grasp on all these terms can have big benefits, like saving you money and helping you make more informed, confident decisions.  Unfortunately, memorizing loan vocabulary sounds like about as much fun as watching paint dry.

Read more

How the October Sequester Will Impact Grad PLUS Student Loans (and Why You Should Care)

The term “sequester” may seem so 2013, but the truth is that these automatic spending cuts are still in play – and the next round is scheduled for October 1st.  Whether you’re currently financing an MBA or other grad school program with Direct PLUS loans or you’re considering using them in the future, these new sequester cuts may have an impact on the amount of money you’ll end up spending on your loans.

So what exactly do you need to know about student loans and the sequester?  Here’s the scoop:

Read more
TLS 1.2 Encrypted
Equal Housing Lender