Saturday,
January 21, 2023
Top Story
The week in review
• The market took a close look at corporate earnings and economic data, contributing to recessionary concerns. Wall Street’s optimism through the year’s first few weeks is fading from view, as some investors have concerns over how the Fed’s rate hike campaign has impacted the nation’s economy.
• St. Louis Fed President James Bullard addressed the central bank’s target rate, saying he expects it to reach between 5.25% and 5.50% this year. Most analysts have it pegged to reach 4.9%.
• Retail sales fell 1.1% in December, as key categories like furniture, cars, and gasoline all came under pressure amid higher prices. Wholesale inflation fell 0.5% last month from November, but remained 6.2% higher on an annual basis.
For more economic news, visit On the Money — SoFi’s one-stop-shop for news, trends, and tips!
The cost of attending college includes more than tuition. Here’s what you should consider.
While tuition generally makes up the majority of a student’s college expenses, there are other fees and costs to factor in as you plan how to pay for college.
Cost of attendance (COA) is an estimate of the total cost of attending college for one year. It includes the cost of tuition in addition to other expenses such as room and board, books, supplies, transportation, meals, and more. The requirements for COA are outlined by federal law and each school is required to publish its COA on their website so this information can be easily accessed. Scholarships, grants, and other forms of financial aid can help reduce the actual net price a student ends up paying which is why it’s important to compare not only the cost of each school, but the financial aid package each school offers.
When it comes to paying for college, students often rely on a few different funding sources. If you’re looking to fill in gaps in funding, private student loans could be an option to consider. SoFi private student loans cover all school-certified costs — tuition, transportation, rent, and more. There’s no origination or late fees and the application process is entirely online, even if you need to add a cosigner.
