SoFi Blog

Tips and news—
for your financial moves.

Bernie Sanders’ vs. Elizabeth Warren’s Debt Forgiveness Plans

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.

If there’s one thing most of the 2020 Democratic presidential candidates seem to agree on, it’s that it’s time to make college tuition more affordable for Americans.

For some, that means tuition-free community college, expanding Pell grants for students who come from a lower-income background, or even making tuition completely free for undergraduates attending public colleges and universities.

Read more
young woman college student

College Classes to Improve Your Financial Literacy

If you’ve spent any time lately reading about the financial issues affecting young adults, you may have come across news reports about the need to increase “financial literacy.”

Turns out, even the best and brightest college students and recent graduates aren’t necessarily skilled at managing their money—and they aren’t being provided with much education regarding basic financial concepts.

Read more
children using smartphone

Back to School List: Starter Phones for Young Students

Fall is approaching, and that means two things: fall leaves and the sounds of thousands of harried parents navigating increasingly long back-to-school lists. From pencils and notebooks to new school uniforms, your shopping list might be a mile long. For some parents, this back-to-school season will be the first time their kid heads off to school with a new cell phone in their backpack.

If grabbing your child their first cell phone is on your back-to-school to-do list, there are some important things to consider before handing over a tricked-out smartphone to someone whose brain might not be fully developed yet. Deciding to get a cell phone for your child is a personal decision. Here’s what to know when it comes to making that decision.

Read more
college student in dorm

7 Tips for Adjusting to Dorm Life

Adjusting to college dorm life can mean experiencing a lot of overwhelming sensations at once: excitement, stress, homesickness, loneliness.

But life in the dorms doesn’t have to be a total culture shock. While you are used to the comforts of living at home now, preparing for dorm life can be made much easier with these tips for how to settle in.

Read more
woman packing books

Dorm Essentials for Incoming Freshman

Let’s be real: shopping for your new dorm is one of the most exciting parts of going away to college. You might be leaving home for the first time ever, and are anxious to design a room that is somehow practical, comfortable, and well-designed all at once.

While there are plenty of lists that will tell you exactly what size sheets to bring and where to find the perfect set of plastic drawers, the reality is that there are some completely unexpected necessities you’ll need for your new home away from home. From multiple light sources to backup phone chargers, we’ve got you covered with our ultimate dorm room essentials list.

Read more
TLS 1.2 Encrypted
Equal Housing Lender