Data insights provided by the Analytics Team at SoFi

Today’s post is all about how men and women* compare in our student loan refinancing data set. What we found? Both men and women have high student debt loads. (Not a revelation.) Men also get paid more than women on average. (Also not a revelation.)

But here’s what’s interesting: Despite the fact that women have as much student debt and make less money than men, women in the SoFi data set pay their debt off more quickly than men—by nearly 10% (9.3% exactly).

Anyone who pursues the medical field knows that the path to becoming a doctor is laden with student debt. In fact, 76% of 2016 medical school graduates have student loans, with a median student debt load of $190,000 at graduation. And future doctors aren’t just sitting on a pile of debt throughout medical school; even upon starting residency, they’re still accruing interest on that debt while only earning, typically, about $60,000 a year.

Working for years without a pay increase can become a struggle and cause stress, especially as the cost of living continues to rise. Whether you’ve been making the same salary for 12 months or for more than a decade, having the money conversation with your boss can be awkward. But when increases don’t come when needed, your only recourse is to ask for them.

Before you have the conversation, though, it’s not only important to arm yourself with all of the right things to say, but also to learn what not to say. Here are a few tips on language to avoid when asking for a raise.

SAN FRANCISCO, Calif. – October 13, 2017 – SoFi announced today the closing of a $776.7 million offering of SoFi Professional Loan Program 2017-E notes.

SoFi 2017-E marks the company’s largest asset-backed securities issue to date and its 10th ABS transaction this year, bringing SoFi’s total issuance for 2017 to $5.375 billion.  Since inception, SoFi has closed 30 transactions totaling $12.4 billion in issuance. With the closing of SoFi 2017-E, SoFi maintains its position as a top ten ABS sponsor. The recent transaction was heavily subscribed with orders totaling $2.3 billion.

“We were pleased with the reception for this transaction, which was increased in size in response to investor demand,” said Ashish Jain, Senior Vice President of Capital Markets for SoFi. “The deal attracted five new investors, expanding the reach of SoFi’s overall program to just over 100 unique ABS investors in 2017.  We thank everyone who participated in this offering.”

SoFi 2017-E emphasized SoFi’s position as an industry leader in terms of asset quality, reflecting the strength of its lending and underwriting business.  SoFi is the first Student Loan ReFi issuer to achieve AAA ratings from Standard & Poor’s, Moody’s and DBRS, and the first Unsecured Personal Loan issuer to achieve AA ratings from S&P, Kroll, and DBRS.

Joint lead managers were Deutsche Bank, Bank of America Merrill Lynch, Goldman Sachs and Morgan Stanley.

About SoFi
SoFi is a new kind of finance company taking a radical approach to lending, wealth management and insurance. From unprecedented products and tools to faster service and open conversations, we’re all about helping our members get ahead and find success. Whether they’re looking to buy a home, save money on student loans, ascend in their careers, or invest in the future, the SoFi community works to empower our members to accomplish the goals they set and achieve financial greatness as a result. For more information, visit SoFi.com.

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