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SoFi Blog

Tips and news—
for your financial moves.

Does Resume Matter for Job Seekers?

As a career counselor and career coach, one of the most common questions I hear from clients is how to improve a resume.  While there are plenty of tips and best practices out there, I find that a lot of job seekers get tripped up from hearing too much advice about what to include, how to format things, etc.  Clients often say to me, “Someone told me to do this, but someone else told me to do that – which one should I do?”

It’s a fair question, but it’s one that always raises a red flag for me.  Why?  Because I don’t think job candidates should spend excessive time and effort on their resumes.  And that’s exactly what all this well-meaning advice causes them to do.

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How to Melt Your Student Loans This Summer

Summer is officially upon us, and with it the promise of warm sunshine, longer days and happy memories.  But if you’re one of the 37 million Americans with student loans, that debt can feel like a constant storm cloud over your head – no matter what the weather outside may be.

Rather than let another lazy summer pass you by, why not use the next few months to make a dent in your education debt?  Research shows that you’re more likely to achieve your objectives when they’re specific, measurable and time-bound, making summer the perfect time to set goals and see some progress by the time fall rolls around.   And it doesn’t take much – when it comes to reducing your loan balance, a few small changes can have a big impact.

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Income Based Repayment Won’t Solve the Student Loan Crisis

When President Obama delivered new rules on income based repayment (IBR) for a limited group of borrowers back in 2013, we wrote about the shortcomings of that program. This week, the President extended the new IBR program to cover all borrowers, effective in 2015. It’s the same program as before, and while it can provide payment relief to some borrowers, it has some serious drawbacks. Notably:

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How to Hack your Student Loans

When you took out student loans to pay for college or graduate school, you probably didn’t think too long and hard about your interest rate.  But now that you are repaying those loans, it’s a different story.  Over time, the amount you’re spending on interest is adding up and the amount you owe is increasing with it.

There is not much you can do about paying off some interest, but there are a few easy ways to decrease the total amount you’re paying.  We shared five of our top student loan hacks over on Credit.com – check out the full post here.

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Borrower Questions Answered: SoFi & Student Loan Refinancing

SoFi has been out on the road these past few weeks, visiting universities around the country and spending time with student loan borrowers.  We wanted to learn more about these soon-to-be graduates and their challenges with education debt, so that we can better serve them with our products.

One thing we discovered is that they wanted to learn a lot more about us, too.  Here were some of the most frequently asked questions – and answers – from our spring tour.

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