SoFi Blog

Tips and news—
for your financial moves.

Making an Offer on a House: What You Need to Know to Close the Deal

When you’re in the home-buying game, especially in hot markets, you’ll discover a process that is both multi-layered and time-consuming—and, at the end of the day, designed to take you from writing an offer to holding the keys in your hand. Understanding each part, your role in it, and how to maximize your participation in each part will save you time and money, and keep you ahead of the game.

Read more

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

Read more

How Do You Bring a Smart Pill Bottle to Life? A Startup Founder Explains

In our #SoFiStartups Q&A series, SoFi co-founder Dan Macklin sits down with startup founders who have gone through the SoFi Entrepreneur Program, where we offer mentorship, access to investors, and student loan deferment for founders of young startups. In a candid conversation, he speaks from one entrepreneur to another about their experiences founding a company.

Medications can improve the quality of your life—when you remember to take them, that is. This is the insight at the heart of Pillsy, a smart pill bottle that syncs wirelessly to your phone and beeps when you forget a dose. The set-up lends an effortless, tech-assisted hand to help you keep track of your vitamins and medications.

But if this solution sounds deceptively simple, that’s because it is. In fact, it took the Seattle-based startup two years to get to where they are today, on the verge of launching their product. Challenges like manufacturing cost-effective hardware, wrestling with Bluetooth, and developing a user-friendly format didn’t make Pillsy easy to bring to life. As co-founder Otto Sipe describes the process, “It was long and there were a lot of rewrites along the way. Along the lines of—Oh, this is completely not going to work.

Read more

Here’s Why You’re Burned Out at Work—and What You Can Do to Snap Out of It

If you haven’t yet reached the point of sitting in your cubicle and counting sticky notes out of boredom or because your workplace has become so grueling, you can’t be bothered to pay attention anymore—congrats. You’re one of the lucky souls not suffering from job burnout.

But even go-getters can suffer from career stress—the feeling that work has become a series of mindless repetitions and frustrating situations. And once it hits the burnout stage, that feeling is no joke. Left to fester, burnout can wreak havoc on your health, happiness, productivity, and performance. According to the Staples Business Advantage 2016 Workplace Advantage Index, 91% of U.S. and Canadian workers surveyed for the report put in over 40 hours a week, at least some of the time, and 22% have changed jobs because of work-life balance issues, including decreased family time and battling work pressures that seep into their personal lives. In addition, 3 out of 4 respondents reported they aren’t provided with the latest technology and are expected to do more with less, and only 35% have a wellness program available at their current job.

Snapping back from job burnout and once again becoming excited about your career is doable, but you must first take a deep dive into how you’re feeling to identify the source.

Read more
TLS 1.2 Encrypted
Equal Housing Lender