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Millennials Are Seeking Prenups—and It Might Just Be Worth Considering

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A visual timeline of student loans

A Visual Timeline of Student Loans: Where We’ve Been and Where We’re Headed

More Americans than ever are taking out student loans to invest in their futures. And that’s leading to…a huge amount of debt across the nation. $1.3 trillion in fact. This year alone, college grads who have their bachelor’s degrees face an average of $37,000 in student debt. And, as of July, over seven million borrowers are in default.

So how to solve it all? Let’s start at the beginning. Scroll through the visual timeline below to see the highlights and lowlights of the past 80 years in student loan history.

Rest assured, there is definitely a light at the end of the tunnel (er…timeline).

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Grace Period Ending? Create a Student Loan Repayment Strategy to be Thankful For

This week, many Americans are taking time to reflect on the things they’re grateful for.  But for some people, the season of giving thanks actually represents something that they aren’t all that thankful for – student debt.  November and December mark the end of many student loan grace periods, which means this is the time of year when recent grads have to start paying back student loans.

If you fall into this category, here’s something you can be thankful for: a smart student loan repayment strategy.  Because make no mistake – paying back student loans does require a strategy, particularly for the average graduate, law or medical school grad shouldering six figures of student loan debt.

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How student loans affect your credit score

How Student Loans Affect Your Credit Score​: 7 Essential FAQs

Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt. Read the other posts in the series to get all the info you need to make intelligent decisions about your student loans.

Student loans are the ultimate double-edged swords. Invest wisely in your education, and those loans should pay off in the form of higher income over time. But if you mismanage student loan debt, your credit score could suffer—and that could have a big impact on your financial future.

As a student loan lender, we get a lot of great questions about how student loans affect credit score. Here are the top seven.

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Member spotlight on JJ Owen, Director of Development for the Movember Foundation

Mental Health, Finances and Moustaches: SoFi Member JJ Owen, Director of Development for the Movember Foundation Connects the Dots on Men’s Health Issues

For SoFi’s latest member spotlight, we sit down with JJ Owen, Director of Development for the Movember Foundation, to discuss mental health, finances and, of course, moustaches. We learn about JJ’s college days playing baseball, getting his MBA and how refinancing student loans became his first major financial decision, enabling him to take better control of the present to plan for his family’s future. 

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Student loan interest rate Vs. APR

Student Loan APR vs. Interest Rate: 5 Essential FAQs

Got student loans? We’ve got you covered with our Student Loan Smarts blog series. Our expert tips and hacks will help you save money, pay off loans sooner, and stress less about student loan debt. Read the other posts in the series to get all the info you need to make intelligent decisions about your student loans.

Pop quiz: What’s the difference between student loan APR and student loan interest rate?

If you don’t know the answer, that’s completely understandable. It’s not information you need every day, but it will come in handy when applying for or refinancing student loans. Both terms impact how much money you’ll spend on total interest, so they should factor into your decision when comparing loans and lenders.

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