SoFi Blog

Tips and news—
for your financial moves.

How One Attorney Paid Off Six-Figure law school student loan debt

Five Years to Becoming a Debt-Free JD: How One Attorney Paid Off Six-Figure Law School Debt

Law careers are traditionally viewed as lucrative and enviable. Yet, many attorneys are saddled with mortgage-sized law school debt after graduation.

About five years ago, Harvard Law School left one law school grad and blogger, DebtFreeJD, with nearly $150,000 in student loan debt. After a few years of payments, she’d made a $25,000 dent in that total. Then, she and her husband made an ambitious vow to tackle her remaining law school debt in one year and two months—about the same amount of time it took to build the Empire State Building. Today, thanks to diligence and a refinance, she has earned her DebtFreeJD moniker.

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sofi wealth, market commentary

Retail Flat in Spite of Sentiment – Week of January 18, 2017

We have seen some of the “Trump Trades” retrace a bit as equities have levelled off, interest rates have eased, and the dollar has weakened against both the yen and euro over the last week. The economic data continues to point to faster growth and accelerating inflation, but questions remain on whether the post-election euphoria will translate into increased spending.

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New York homes that make us want to become howmeowners

5 New York Homes That Make Us Want to Book a Moving Truck

New York real estate has much to offer depending on where you choose to live. The city that never sleeps has Central Park, the bright lights of Broadway, and countless restaurants with world-renowned chefs at the helm. The ‘burbs, on the other hand, offer large yards and more living space for your buck. Whether you’re ready to take on a borough or get away from it all, New York is a great place to call home.

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SoFi's 2017 law school rankings for return on education

SoFi’s 2017 Law School Rankings: What You’ll Earn (and What You’ll Owe)

When choosing a law school, your decision is most certainly based on the prestige of the faculty, the academic qualifications of the student body, and the institution’s success in placing graduates in satisfying careers. But what about the big money unknowns—the salary you’re likely to earn upon graduation and how much of your rookie attorney paycheck will go toward paying for your education?

To help take some of the guesswork out of your legal education strategy, we analyzed more than 60,000 student loan refinancing applications submitted to us from January 2014 to December 2016 to formulate SoFi’s Return on Education (ROED) Law School Rankings. After taking a long, hard look at the average salary and student debt load of law school graduates three years out of school, we compiled objective data that can’t be found anywhere else—verified income and debt, not just reported figures. The result: Rankings of how the top (and bottom) JD programs stack up when it comes to how your financial future will fare.

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