SoFi Blog

Tips and news—
for your financial moves.

Apr
13
2017
sofi wealth, market commentary

Portfolio Change, Jobs, & GDP Data – Week of Apr. 13, 2017

By | invest, Money | No Comments

Last week we changed our portfolio allocations, increasing exposure to emerging markets and foreign exchange as well as taking broader fixed income exposure. But first we’ll cover the economy. A huge miss on the jobs report and recent threats of military escalation in the Far and Middle East sent bond yields lower while the dollar continued to depreciate against many of the world’s currencies. The disconnect continues between so-called “soft” survey data and the more traditional economic statistics. However, optimism remains elevated even as more traditional measures of economic activity indicated subpar growth in the first quarter.

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Apr
11
2017

Personal Loan – K-12 Loans

By | Uncategorized | Comments Off on Personal Loan – K-12 Loans

A quality education is priceless.
We’ll help you deal with the price tag.

Personal loans with fixed rates ranging from
8.74% APR to 35.49% APR, when you enroll in AutoPay5.

Find My Rate

Checking your rate will not affect your credit score✝.

YOUR BEST INVESTMENT? THEIR FUTURE

When it comes to your child’s K-12 education, you shouldn’t have to settle. But if you’re a parent of one of the 5.3 million students in primary or secondary private school, you’re facing an average annual tuition of $11,170, according to the National Center for Education Statistics. Luckily, several options are available to pay for your child’s private education. A good starting point is to apply for financial aid through the school, often with the assistance of administrators, such as SSS and TADS. Nearly all schools will allow parents to cover tuition on a payment plan with monthly installments over the course of the year. Many schools also offer in-house need-based and merit-based scholarships. And 13 states have voucher programs designed to help pay for education.

After exhausting those options, however, many parents still need extra help paying for school. It’s a common dilemma: you earn too much to qualify for enough financial aid, but not enough to comfortably cover the full tuition at once. A personal loan can help you plan for their tuition and other expenses, laying the foundation for a lifetime of learning. SoFi offers fixed rates, no hidden fees, and a simple online application so that you can focus on what matters most: your children.

Why SoFi?

Serious
Savings

Borrow from $5k-$100k at fixed rates that start at 8.74% APR (with AutoPay)5.

Better
Credit

Borrowers raised their credit scores by 31 points on average when paying off credit card debt6a.

No Hidden Fees.
No Catch.

No origination fees in most states or pre-payment penalties. What you see is what you get.

Community
Benefits

If you lose your job, we’ll temporarily pause your payments and help you find a new job4.

Exclusive
Rates

Get a 0.125% rate discount✝✝ on an additional SoFi loan—just for being a member.

Easy
Experience

Simple online application and access to live customer support 7 days a week.

Questions? Call us for a free consultation at 855-456-7634

Find My Rate

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Mar
29
2017

15 Top States Where Professionals with Student Debt Own Homes

By | Lifestyle, student_loan | No Comments

Many SoFi members choose to invest in themselves as homeowners while still paying down student debt. It’s a natural extension of the way they invested in themselves as professionals with top-flight educations and advanced degrees. Now, some of the hottest real estate markets in the nation are drawing them. From MBAs in Illinois and computer scientists in Oregon to lawyers in Texas, SoFi members are becoming homeowners just about everywhere you look.

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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