Aug

2025

Michigan State University Tuition and Fees

By Jenni Bojanin | Uncategorized | Comments Off

Michigan State University Tuition and Fees

Total Cost of Attendance

Michigan State University is a top-ranking research institution with a diverse student body and a strong athletics program. With more than 52,000 students from all 50 states and over 130 countries, MSU offers more than 200 programs of study.

Costs for 2024-25

Expenses	In-State	Out-of-State
Tuition & Fees	$16,458	$43,842
Books & Supplies	$1,380	$1,380
Room & Board	$12,564	$12,564
Other Expenses	$3,838	$3,838
Total Cost of Attendance	$34,240	$61,624

In the United States, public four-year in-state cost of attendance was $28,840 on average, while public four-year out-of-state cost of attendance was $46,730.

Financial Aid

In 2022-23, 97% of first-time, full-time undergraduates received some kind of financial aid, and the university is generous with institutional funding. These are the types of financial aid students received:

• Grants or scholarships: 96% received them with an average award of $8,147

• Federal grants: 18% received them with an average award of $5,578

• Pell grants: 18% received them with an average award of $5,379

• Student loan aid: 35% received them with an average award of $9,086

• Federal student loans: 32% received them with an average award of $5,355

• Other student loans: 7% received them with an average award of $20,049

Explore financial aid options: Michigan Student Loan & Scholarships

Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students that qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, or nonprofits. The different types include:

• Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.

• Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state and federal and school deadlines may differ.

You can find other financial aid opportunities on databases such as:

• US Department of Education – Search for grants from colleges and universities by state

• College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

• SoFi Scholarship Finder

Private Student Loans

In 2022-23, 7% of incoming students at MSU received private student loans.

Private student loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations, so their qualifications and interest rates can vary widely.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school. Federal student loans don’t have to be paid back until after you graduate, leave school, or change your enrollment status to less than half-time.

Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, because it generally has better rates and terms.

If you’ve missed the FAFSA deadline or you’re struggling to pay for school throughout the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

The 2024-25 Michigan State University cost of attendance, including tuition, fees, room and board, books, and other expenses was:

• In-state: Four years at MSU (based on 2024-25 total costs) is $137,280 total, not accounting for any Michigan State tuition increases.

• Out-of-state: Four years at MSU (based on 2024-25 total costs) equals $246,496, not accounting for any increases.

How does that amount compare to other schools across the country? For the 2023-24 academic year, the average price of tuition and fees among colleges and universities was as follows:

• In-state: Cost of attendance for four years at a public in-state college averages $115,360.

• Out-of-state: Cost of attendance for four years at a public out-of-state college averages $186,920.

Undergraduate Tuition and Fees

Costs for 2024-25

Expenses	In-State	Out-of-State
Tuition & Fees	$16,458	$43,842
Books	$1,380	$1,380
Total Undergraduate Costs	$17,838	$45,222

The combined cost of MSU tuition, fees, and books in 2024-25 was $17,838 for Michigan residents and $45,222 for non-residents.

Graduate Tuition and Fees

Costs for 2024-25

Expenses	In-State	Out-of-State
Tuition	$21,432	$41,508
Fees	$340	$340
Total Graduate Costs	$21,772	$44,848

Assuming a two-year program, a master’s degree from Michigan State would cost $43,544 for in-state students and $89,696 for out-of-state students.

Students can obtain graduate loans to help with the costs.

Cost per Credit Hour

For the Fall 2025 semester for freshman, the cost per credit hour was $563.75 for 1-11 credits. For 12-18 credits, the cost was a flat-rate fee of $8,458.00.

Campus Housing Expenses

Costs for 2024-25

Expenses	On-Campus Costs	Off-Campus Costs
Room & Board	$12,564	$439+/month*
Other Expenses	$3,838	$3,838
Total Expenses	$21,044	Variable

*Monthly rent is variable, as it will depend on your location, unit, and whether or not you split the cost with roommates.

MSU offers information about on-campus housing with students wishing to live in a one-bedroom or studio apartment with a full bathroom and a kitchen. MSU has 27 residence halls, and for the first two years, students are required to live on campus.

Off campus apartments are also available near the campus, ranging from one to four bedrooms. Apartments start at $439 per month, but can vary substantially based on the location, apartment style, and number of roommates you wish to have. For housing not associated with the university, leases may be for a full year rather than the academic year.

Michigan State University Acceptance Rate

Fall 2023

Number of Applicants	Number Accepted	Percentage Accepted
58,879	49,458	84%

Admission Requirements

Besides the application, admission requirements include:

Required:

• High school transcripts

• Personal statement or essay

Items considered:

• Work experience

• Letters of recommendation

• SAT/ACT test scores

Application due dates:

• Early action, non-binding: November 1

• Regular: April 1 (priority: February 1)

SAT and ACT Scores

Michigan State University is test-optional, meaning that students are not required to submit SAT and ACT test scores. If you choose to submit them, send them with your application. In Fall 2023, 39% of applicants submitted SAT scores while 7% submitted ACT scores. These were the 25th and 75th percentiles:

Test	25th Percentile	75th Percentile
SAT Reading/Writing	580	670
SAT Math	570	680
ACT Composite	26	31
ACT English	26	33
ACT Math	24	30

Popular Majors at Michigan State

In 2023-24, close to 9,000 bachelor’s degrees were awarded by MSU. Popular majors include the following:

1. Biology

In this program, students gain strong competencies in core biological disciplines, including anatomy, biochemistry, cell biology, genetics, and physiology.

Undergraduate degrees in 2023-24: 497

2. Psychology

Students study human behaviors and the mental processes underlying them in this diverse discipline. Students may develop interests in neuroscience, behavioral science, and more from this foundational degree.

Undergraduate degrees in 2023-24: 425

3. Advertising

MSU’s advertising program is consistently ranked as one of the three best in the nation. Undergraduates learn how to develop strategic thinking, researching, analytical skills, and more.

Undergraduate degrees in 2023-24: 413

4. Computer Science

From computer science theory to new technologies and approaches, students learn computing principles, software development, communication skills, and more.

Undergraduate degrees in 2023-24: 372

5. Supply Chain Management

Students in this program study to become supply chain leaders and learn to nimbly adapt to changes as they source and deliver products and services. They also discover how to use innovative technologies to effectively manage supply chains.

Undergraduate degrees in 2023-24: 364

6. Finance

Finance majors study financial concepts and instruments to learn crucial decision-making skills for future employment in financial institutions, corporations, and more. Classes focus on ethics and a global approach.

Undergraduate degrees in 2023-24: 350

7. Exercise Science & Kinesiology

Those who choose this major focus on physical activity and movement and how it impacts someone’s health and quality of life. Classes range from sports business management to athletic training, community education, and more.

Undergraduate degrees in 2023-24: 298

8. Mechanical Engineering

About 33% of all MSU engineering students choose this specialty, and they can benefit by participating in leading edge research alongside professors involved in pioneering work.

Undergraduate degrees in 2023-24: 279

9. Economics

Students receive education in domestic and international economies, learning about concepts, policies, analyses, and more. This degree prepares students for a broad range of business careers.

Undergraduate degrees in 2023-24: 192

10. Mass Communication

This program prepares undergraduates for a wide range of workplaces (profit, nonprofit, startups, and more) with a focus on persuasive leadership. This goal: to influence society in a positive way.

Undergraduate degrees in 2023-24: 147

Graduation Rate

MSU graduation rate for students who began in Fall 2017 was:

• 4-year: 65%

• 6-year: 83%

Post-Graduation Median Earnings

Median salary for MSU graduates is $67,253. This is slightly lower compared to the median of $80,236 for four-year public universities across the United States.

Bottom Line

Michigan State University is among the top research universities in the world and offers students a wide range of majors and educational opportunities. Although Michigan State tuition is higher than that of the average four-year public university, there is financial aid available to help you pay for it, and the Michigan State acceptance rate is high, which can increase your chances of getting in.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

View your rate

SoFi Private Student Loans
Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

Financial Tips & Strategies: The tips provided on this website are of a general nature and do not take into account your specific objectives, financial situation, and needs. You should always consider their appropriateness given your own circumstances.

Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.

External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.

SOISL-Q325-061

Aug

2025

Massachusetts Institute of Technology (MIT) Tuition and Fees

By Jenni Bojanin | Uncategorized | Comments Off

Massachusetts Institute of Technology (MIT) Tuition and Fees

Total Cost of Attendance

When it comes to the best universities to study engineering, Massachusetts Institute of Technology (MIT) is at the top of the list. MIT tuition was $62,396 for the 2024-25 school year, which is higher than the average for four-year private nonprofit institutions in the U.S. of $41,540 per year.

Costs for 2024-25

Expenses	Costs
Tuition & Fees	$62,396
Books & Supplies	$910
Room & Board	$20,280
Other Expenses	$2,374
Total Cost of Attendance	$85,960

Financial Aid

MIT is need-blind, which means even if you can’t afford to pay for MIT tuition out of pocket, your application will still be considered.

About 72% of MIT’s undergraduates receive financial aid from the institute, and 18% receive federal Pell Grants, with an average of $5,987 per student.

Explore financial aid options: Massachusetts Student Loan & Scholarships

• Grants: Generally based on financial need, these can come from federal, state, private, and non-profit organizations.

• Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

• Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

You can find other financial aid opportunities on databases such as:

• US Department of Education – Search for grants from colleges and universities by state

• College Scholarship Service Profile (CSS) – A global college scholarship application used by select institutions to award financial aid

• SoFi Scholarship Finder

Private Student Loans

When it comes to student loans, 7% of MIT students take out federal loans, while 2% take out private loans. The average private student loan is $27,203.

What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

Recommended: Guide to Private Student Loans

Projected 4-Year-Degree Price

To attend Massachusetts Institute of Technology for four years, the cost, based on 2024-25 numbers, would be $343,840, including tuition and fees, books, and room and board. This is greater than the average cost of $241,680 for a private university for four years, according to CollegeData.com.

Here’s some Massachusetts Student Loan & Scholarship Information for you.

Undergraduate Tuition and Fees

Costs for 2024-25

Expenses	Costs
Tuition & Fees	$62,396
Books	$910
Total Cost of Attendance	$63,306

The MIT cost for undergraduate tuition, fees, and books is $63,306.

Graduate Tuition and Fees

Costs for 2024-25

Expenses	Costs
Tuition	$61,990
Fees	$406
Total Cost of Attendance	$62,396

MIT tuition for graduate school is, including fees, $62,396. The average cost of tuition for graduate school at a private institution in the United States is somewhat lower at $51,770 per year.

There are graduate loans available to help with these costs.

Cost per Credit Hour

If you’re interested in attending MIT on a part-time basis, the cost is $995/unit (minimum of $5,970). You may also be eligible to take out student loans as a part-time student.

Campus Housing Expenses

Costs for 2024-25

Expenses	On-Campus Costs	Off-Campus Costs
Room & Board	$20,280	$2,670+/month*
Other Expenses	$2,374	$2,374
Total Expenses	$22,654	Variable

*Monthly rent is variable, as it will depend on your location, unit, and whether or not you split the cost with roommates.

Freshmen are required to live on campus their first year. Across all ages, 84% of students live on campus in one of 20 residence halls (11 residence halls are specifically for undergraduate students).

MIT Acceptance Rate

Fall 2023

Number of Applicants	26,904
Number Accepted	1,345
Percentage Accepted	5%

The MIT acceptance rate is extremely competitive. Only 5% of students who apply get in.

MIT Admission Requirements

To get accepted to MIT, here’s what you’ll need to provide beyond your application:

Required:

• High school transcript

• Letter of recommendation

• SAT or ACT scores

Recommended:

• High school GPA

• College preparatory program

The deadline for early action is November 1, while the deadline for regular action is January 6.

SAT and ACT Scores

MIT does require SAT or ACT scores, though it does not require the ACT writing section or the SAT optional essay. Here are the 25th and 75th percentile scores at MIT.

Test	25th Percentile	75th Percentile
SAT Reading/Writing	730	780
SAT Math	780	800
ACT Composite	34	36
ACT English	34	36
ACT Math	34	36

Popular Majors at Massachusetts Institute of Technology

MIT offers 57 majors. Here are the most popular fields of study.

1. Computer Science

The most popular major at MIT offers courses in robotics, communication networks, medical technology, algorithms, machine learning, and artificial intelligence.

Undergraduate degrees in 2023-24: 342

2. Mechanical Engineering

A degree in mechanical engineering from MIT is an asset on any resume. This program offers courses in numerical computation, thermal-fluids engineering, dynamics and control, hydrodynamics, and more.

Undergraduate degrees in 2023-24: 137

3. Mathematics

MIT offers a degree in mathematics as well as one in mathematics with computer science. Coursework includes linear algebra, differential equations, discrete mathematics, topology, and more.

Undergraduate degrees in 2023-24: 86

4. Electrical Engineering

Interested in electrical engineering? At MIT, you’ll take courses in circuits and electronics, signal processing, algorithms, computational structures, inference, and more.

Undergraduate degrees in 2023-24: 75

5. Aerospace Engineering

After studying aerodynamics, structural mechanics, feedback control systems, human systems engineering, and other subjects, many aerospace engineering students go on to a master’s-level program.

Undergraduate degrees in 2023-24: 56

6. Biomedical Engineering

Bioengineering students study organic chemistry, genetics, cell biology, biological engineering design, and more.

Undergraduate degrees in 2023-24: 53

7. Physics

Physics students delve into quantum physics, classical mechanics, electromagnetism, statistical physics, relativity, and more.

Undergraduate degrees in 2023-24: 50

8. Economics

The economics department at MIT offers courses in macroeconomics, econometric data science, financial markets, mathematical economic modeling, and more.

Undergraduate degrees in 2023-24: 30

9. Materials Engineering

This program offers a wealth of instruction on topics including mechanics of materials, engineering computation and data science, modeling and simulation, and nanomechanics.

Undergraduate degrees in 2023-24: 24

10. Biology

Biology majors will learn about thermodynamics and kinetics, cell biology, biochemistry, microbial physiology, and ecology at MIT.

Undergraduate degrees in 2023-24: 16

Graduation Rate

Here is the graduation rate for students who started at MIT in Fall 2017:

• 4-year: 82%

• 6-year: 96%

Post-Graduation Median Earnings

After completing undergraduate studies at MIT, students earn on average $143,000 a year. This is almost double the national median average of $80,236 for four-year programs.

Bottom Line

While the tuition and fees at the Massachusetts Institute of Technology are high, they reflect the university’s commitment to providing a world-class education and cutting-edge research opportunities. Despite the high costs, MIT offers a range of financial aid options, including scholarships, grants, and work-study programs, to help make its prestigious programs accessible to a diverse student body.

Cover up to 100% of school-certified costs including tuition, books, supplies, room and board, and transportation with a private student loan from SoFi.

View your rate

Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

SOISL-Q325-060

Aug

2025

Fraud Education and Account Security | SoFi

By Wesley Yu | Uncategorized | Comments Off

Account Security

SoFi fraud prevention
starts here.

Report suspicious activity. Learn how we help
your money stay safe and privacy stay secure.

REPORT FRAUD

Report suspicious activity.

Imposter scams are on the rise. But you’ve got SoFi on your side. Remember, we’ll never call you to request personal info or one-time passwords.

Concerned you’re a victim? Here’s what to do.

Contact us with concerns.

If something seems suspicious or you have security questions, call us at 855-456-7634 (opt 8) or chat with us online.

Freeze your card.

If you have any concerns, you can freeze your card in the mobile app. Unfreeze it at any time. Learn more.

Checklist

SoFi security
checklist.

Let’s work together to help
keep you safe.

1/6

Two-factor authentication.

Add an extra layer of security in addition to your password. Choose from text, voice calls, or an authenticator app.

Settings > Security > Two-factor authentication

Two-factor authentication.

Add an extra layer of security in addition to your password. Choose from text, voice calls, or an authenticator app.

Settings > Security > Two-factor authentication

2/6

Time-based one-time password (TOTP).

Authenticator apps build these temporary codes as an extra security layer at login.

Settings > Security > Two-factor authentication > Authenticator app

Time-based one-time password (TOTP).

Authenticator apps build these temporary codes as an extra security layer at login.

Settings > Security > Two-factor authentication > Authenticator app

3/6

Call verification.

Get an alert when SoFi calls you, so you know it’s legit.

Call verification.

Get an alert when SoFi calls you, so you know it’s legit.

4/6

Freeze card.

Temporarily freeze misplaced cards to help prevent unauthorized charges. Easily unfreeze anytime.

Banking >

> Debit Card > Freeze card
Banking >

> Credit Card > Your card > Freeze card

Freeze card.

Temporarily freeze misplaced cards to help prevent unauthorized charges. Easily unfreeze anytime.

Banking >

> Debit Card > Freeze card
Banking >

> Credit Card > Your card > Freeze card

5/6

Suspicious logins.

Get alerts for new or unusual login attempts, so you can change your password or freeze your card if needed.

Suspicious logins.

Get alerts for new or unusual login attempts, so you can change your password or freeze your card if needed.

6/6

Monitor activity.

You can easily review your login history in the app to spot any suspicious activity.

Settings > Security > Login history

Monitor activity.

You can easily review your login history in the app to spot any suspicious activity.

Settings > Security > Login history

IDENTITY

Spot possible
identity theft with
these red flags.

We’re helping you watch out because safety and security concerns go beyond your SoFi account.

Unauthorized account activity.

If you see transactions you don’t recognize on any card or account, act quickly. Hackers may have your info. Contact your bank or institution right away.

‘,
title: ‘Unauthorized account activity.’
},
{
ctaIsButton: true,
ctaLink: ”,
ctaText: ”,
hasCta: true,
imgSrc: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/BR25-1818600_Fraud-Education-Hub_Listicle-2_All.webp’,
text: ‘

Credit report concerns.

If you see accounts on your credit report that you don’t recognize—or you’re unexpectedly denied credit—consider a credit freeze at Equifax, Experian, and TransUnion.

‘,
title: ‘Credit report concerns.’
},
{
ctaIsButton: true,
ctaLink: ”,
ctaText: ”,
hasCta: false,
imgSrc: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/BR25-1818600_Fraud-Education-Hub_Listicle-3_All.webp’,
text: ‘

Surprise collections notice.

If someone tries to collect on a debt or tax payment from you that you don’t owe, first be sure the collector is legit. Then work with them to figure out the source of the fraud.

‘,
title: ‘Surprise collections notice.’
},
{
ctaIsButton: true,
ctaLink: ”,
ctaText: ”,
hasCta: false,
imgSrc: ‘https://d32ijn7u0aqfv4.cloudfront.net/wp/wp-content/uploads/raw/BR25-1818600_Fraud-Education-Hub_Listicle-4_All.webp’,
text: ‘

Unauthorized access.

If a device you don’t recognize is accessing any of your accounts, consider revising your password immediately or adding extra security like two-factor authentication.

‘,
title: ‘Unauthorized access.’
}

]}
/>

FAQs

Security questions and answers.

Did SoFi send this text message?

At SoFi, we understand the importance of direct and effortless communication with our valued customers. That’s why we utilize short-codes, those concise 5- or 6-digit numbers you see, to enhance your experience when receiving communications via SMS.

Depending on the type of message, you may receive a SoFi SMS from one of the following numbers (message and data rates may apply):

95178 (Fraud and Account Security)

697634 (One-Time Passcode)

63617 (Customer Service)

Your security is our priority, and we will never ask for sensitive information like passwords or account numbers via text. If you’re not sure the text message is safe—do not click on any links and please contact SoFi immediately if you notice any unauthorized activity in your account.

How is SoFi working to keep my information safe?

SoFi takes the privacy and security of its members’ financial and personal information very seriously. We maintain industry-standard administrative, technical, and physical safeguards designed to protect your information’s confidentiality and integrity. Our systems and security controls are reviewed by third parties against security standards such as SSAE18, SOC2, and PCI DSS, and rigorous third-party penetration testing is done at least annually.

If there is a suspected password compromise by a third-party service, SoFi requires you to reset your password upon your next login. You can only bypass this process one time before you will have to reset your password in order to gain access to your account.

Is biometric login like Face ID the same thing as two-factor authentication?

No. Some mobile devices offer biometric login, which uses a physical characteristic belonging only to you (like your fingerprint or your face) to log you into your phone and into specific apps that you authorize. Biometric login is a convenient and safe way to log in, but it’s still only acting as a single “factor” to access your account and can only protect you if you’re using that same device where you have enabled a biometric login.

Even if you use something like Face ID on your mobile device, it’s still important to set up a second factor as an added layer of protection. The second factor helps protect your account in case someone other than you tries to access your account, or if you want to access your account from multiple devices.

Did SoFi send this email?

Depending on the type of email sent, you may receive SoFi emails from one of the following domain names:

• sofi.com

• r.sofi.com

• daily.sofi.com

• mail.sp.sofi.com

• op.sp.sofi.com

• m.sofi.org

• o.sofi.org

• notify.sofitravel.com

SoFi also uses third-party services to send emails, with domains including:

• qemailserver.com

• investordelivery.com

• proxyvote.com

• apexfintechdocuments.com

If you’re not sure the email is safe—do not click on any links and please forward the email to: [email protected] so that our team can investigate.

As a reminder, SoFi will never ask for your account password or personal information via email.

I received a 2FA code that I did not request. Is my account secure?

We keep the security of your account at top priority, this is exactly why we use two-factor authentication.

Please note, if you have any third-party sites linked to your account such as Mint/Intuit/YNAB, they can cause a two-factor message to be generated when the site attempts to sync your account information.

As a security measure, we recommend you change your password and review your account for any inconsistencies. If you notice any unauthorized activity please start a live chat with one of our agents so that we can take further steps to protect your account.

Please note you will be prompted to log in.

Can I use email for two-factor authentication (2FA)?

SoFi Members who have SMS or voice call as their primary 2FA method can choose email as a secondary option. However, email can no longer be set as the primary 2FA method on your SoFi account.

Please note:

• You will not have the option of 2FA via email if SoFi has detected a recent password change (ie. in the last 72 hours).

• This feature is available in IOS, the Android app, Web and Mobile Web.

Please see the steps below to choose email as a secondary 2FA option:

1. Log in to your SoFi account.

2. Click on ‘Send to my email.’

3. The code will be sent to the email on file.

4. Once received enter it in the ‘One-time password’ field and click ‘Verify code.’

Can I change the way I receive my verification code?

Yes! You can receive login verification codes as your two-factor authentication method through SMS, voice calls, or by using an authenticator app. To manage these options, visit your security settings in your profile, and select “Two-factor authentication” to get started.

What is an authenticator app?

Authenticator apps generate a time-based one-time password (TOTP) as a verification source. SoFi supports apps like Google Authenticator, Microsoft Authenticator, LastPass, Okta, Authy, and others, which allow our members a more-secure mechanism to protect their accounts. This option is currently only available via the online website.

What is two-factor authentication (2FA)?

Two-factor authentication (2FA) is a method for helping to keep online accounts more secure by enforcing the use of two of these types of “factors”:

1. Something you know (like your password)

2. Something you have (like your mobile phone)

3. Something you are (like your fingerprint)

Two-factor or multi-factor authentication is a common and recommended practice for protecting important accounts such as those associated with financial services.

2FA strengthens an account’s security because the second factor acts as an additional “gate.” This extra gate helps your account security by reasonably verifying that you are who you say you are after you submit your correct email address and login password.

Why am I unable to update my email address?

Member email addresses cannot be used on more than one account at a time. If you received an error message that the email you attempted to change is already in use, you can:

1. Log into the other account where the email address is used and change it to a different email address that you own.

2. If you aren’t able to log in, or are unaware of another account where the email address might be in use, please call us at 855-456-7634 so that we can assist you.

I received a text, is it really from SoFi?

SoFi uses secure SMS text-based messages, in some cases, to get direct, quick communication to our applicants and members. If you would rather not receive text messages, please log into your SoFi account and under Account Settings you can update your Communication Preferences.

You can also cancel any push notifications via text by updating your Notification Preferences page.

If you still have concerns a SoFi agent is able to confirm if a message was sent or not, feel free to contact us at (855) 456-SOFI (7634).

I am setting up 2FA, but I am not getting the text with the code.

Oh no! We’re sorry to hear this. If it’s been more than five minutes since you made the request:

1. Double-check that your correct mobile phone number or email is listed

2. Ensure that you have a stable WiFi connection or cell phone service

3. Try selecting a different 2FA method

1. Example: If you used phone 2FA, try sending the code to your email

If you still do not receive the code and are unable to log into your account, please call us at (855) 456-7634 so that we can help.

I Got a New Device and Can’t Use My Usual 2FA — Is There Another Way to Log In?

Yes, we offer Identity Verification right in the App, Website or Mobile browser! Please follow the step-by-step experience below to reset Two-Factor Authentication (2FA):

1. Login to SoFi with your email address and password.

2. Next, you’ll be prompted to select a new 2FA method: phone, email or Verify with ID instead.

3. Select Verify with ID instead, you’ll be prompted to:

1. Take a picture of your ID (front and back).

2. Take a selfie.

4. Once complete you’ll be prompted to change your 2FA method.

5. Congrats, you have successfully gained access to your account!

Does SoFi support two-factor authentication (2FA) apps?

Yes! SoFi supports Authenticator apps such as Google Authenticator, Microsoft Authenticator, LastPass, Okta, Authy and others, giving you additional security options to protect your account.

If you would like to use this option, please go to your two-factor authentication settings in your profile or web or the mobile app.

How do I update the two-factor authentication (2FA) method on my account?

This article covers how to update your 2FA method (text, email, or phone call) through the mobile app or a desktop web browser. Click on the instructions below for step-by-step information!

Mobile App Instructions –

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1. Click the Profile icon in the top left corner and select “Settings”

2. Click Security

3. Click Two-Factor Authentication

4. Select your preferred Two-Factor Authentication method and follow any confirmation steps to successfully update your preferred method!

Desktop Instructions –

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1. Log into your account at SoFi.com.

2. Click on your name in the top right corner, and select “My Profile”

3. Under “Settings”, click on “Two-Factor Authentication”

4. Select your preferred Two-Factor Authentication method and follow any confirmation steps to successfully update your preferred method!

If you do NOT receive your 2FA code within 5 minutes of making the request:

1. Double-check your selected 2FA method and contact information

2. Ensure that you have a stable WiFi connection or cell phone service

3. Try selecting a different 2FA method.

Still not receiving your code? Give us a call at 1 (855) 456-7634

RESOURCES

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Aug

2025

SoFi Banking

By CValmonte | Uncategorized | Comments Off

{/* Banking Main 9/4/25 – APY Boost */}

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SoFi Checking and Savings

Bank better with up to 4.30% APY²
and no account fees¹.

For a limited time, boost your APY to 4.30% for six months. Plus, you could get a welcome bonus of up to $300.³

²Earn up to 4.30% Annual Percentage Yield (APY) on SoFi Savings with a 0.70% APY Boost (added to the 3.60% APY as of 11/12/25) for up to 6 months. Open a new SoFi Checking & Savings account and enroll in SoFi Plus by 1/31/26. Rates variable, subject to change. Terms apply here. SoFi Bank, N.A. Member FDIC.

Pay no account fees¹

No account, overdraft, or monthly fees—just great banking.
Earn $50 or $300 with eligible⁴ direct deposit³

Just open your account and set up eligible direct deposit of $1,000 or more. Terms apply
Earn up to 4.30% APY² with eligible⁴ direct deposit

Limited-time only: Get a 0.70% boost on our highest savings APY of 3.60%⁴ when you set up a new account with eligible direct deposit. Terms apply
Up to $3M additional FDIC insurance through a network of participating banks⁵

Learn more and opt in here.

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{/* Fuel your savings with a 0.70% APY boost */}

Fuel your savings with a 0.70% APY boost.² Here are the necessary steps.

Open a new SoFi Checking and Savings account by 1/31/26.
Become a SoFi Plus member within 60 days by setting up an eligible direct deposit or enrolling in a $10/month (every 30 days) subscription.⁶
Enjoy a 0.70% APY boost on savings for six months as long as you maintain your SoFi Plus membership. Heads up: you’ll still get our 0.70% bump on top of the standard savings rate, even if our variable APY changes.

Open an account

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{/* WHAT DOES BETTER BANKING LOOK LIKE? UPDATED 11Feb25*/}

This is what better banking looks like.

Open an account

No account fees¹

No overdraft fees. No minimum balance fees. No monthly fees. Plus, 55,000+ fee-free ATMs within the Allpoint® Network.⁷

Earn up to 4.30%²
with SoFi Plus

Limited-time only: Get a 0.70% boost on our highest savings APY of 3.60% ⁴ when you set up a new account with eligible direct deposit. Terms apply.

Up to 2-day-early-paycheck⁸

Feel the magic of payday up to two days earlier—automatically—when you set up direct deposit.

No-fee Overdraft Coverage

Overspent by accident? No problem. You’ll be covered up to $50 with no fees with eligible direct deposit of at least $1,000.⁹

Do it all in one app.

Pay bills, deposit checks, send money, manage your digital wallet, and get live customer support 7 days a week, all in the SoFi app.

Additional FDIC Insurance

Access additional insurance up to $3M on deposits through a seamless network of participating banks. Learn more and opt in here.⁵

{/* Horizon */}

{/*Get award winning banking NEW 2025 Assets Updates*/}

Get award-winning banking.

See for yourself why SoFi won 10 banking awards from 9 industry publications last year.

Open an account

Awards or rankings are not indicative of future success or results. Neither SoFi Bank, N.A. nor its employees paid a fee in exchange for ratings. Awards and ratings are independently determined and awarded by their respective publications.

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Savings rates that are way above the national average.¹⁰

Get ready to earn 3.60% APY ⁴ with eligible direct deposit—that’s 9x the national average savings rate ¹⁰—on your savings and Vault balances. Plus now through 1/31/26 new members can get a 6-month 0.70% boost on our highest savings APY of 3.60% with eligible direct deposit. Terms apply.

Open an account

{/* Mobile banking made easy */}

Mobile banking made easy.

Securely log in to our easy-to-use app and access popular online banking features: pay bills, find ATMs, send money, make a mobile deposit, and more. And rest easy with no minimum balance, and no monthly maintenance fee¹.

Open an account

Mobile banking made easy.

Open an account

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FAQs

What is an online bank account?

An online bank account conveniently allows you to manage your accounts from your computer or mobile device. This includes sending money, depositing checks, paying bills, and everything you’d normally do at a physical branch. Because SoFi does not have any physical branches, we’re able to pass those savings to our members!

How easy is it to open a bank account online?

Opening an account is quick and easy. All we need are a few pieces of information such as name, home address, and Social Security number. In some cases, we may need additional documentation like a copy of your driver’s license, and/or a current photo ID to verify your identity.

Can a student open an account?

Of course. Anyone over 18 can open an individual or joint online bank account. In fact, we have some special offers for students (must have an .edu email address to qualify).

Learn more about our Student Checking and Savings Offer.

How do I set up direct deposit?

Simply download this here.

Learn more: How to Set Up Direct Deposit

What will my APY be?

As long as you direct deposit your pay or add $5,000 every 30 days, you’ll earn 3.60% APY on your savings & Vaults balances and 0.50% APY on your checking balances.^* If you do not have a direct deposit or $5,000 in deposits every 30 days, you’ll earn 1.00% APY on savings & Vaults balances and 0.50% APY on checking balances. ³

Interest rates are variable and subject to change at any time. Additional information can be found at sofi.com/legal/banking-rate-sheet.

Why do I need to sign up for direct deposit?

When you set up direct deposit into your account, you are trusting your paycheck with us. We want to repay that trust by making sure that we give you the best of what SoFi has to offer, including up to 3.60% APY (annual percentage yield)³, plus features like No-Fee Overdraft Coverage⁷ and up to 2-Day Early Paycheck.⁶

Are online bank accounts safe?

All SoFi Checking and Savings accounts receive industry-standard FDIC insurance of up to $250,000 per member (joint accounts are insured up to $500,000). SoFi Checking and Savings members can earn up to $3M of FDIC insurance by enrolling in the SoFi Insured Deposit Program ⁴. For more information on FDIC insurance coverage, please visit www.FDIC.gov.

How do I withdraw and deposit cash?

SoFi makes it easy to both withdraw and deposit money. To withdraw, simply visit any of the 55,000 Allpoint ATMs (more locations than Chase, Wells Fargo, and Bank of America combined!). You won’t pay any fee as long as you visit one of these ATMs. In order to deposit money, simply visit a retail location that offers GreenDot services.⁵

Do I need a minimum balance to open an account or get the highest interest rate?

There is no minimum balance required to open a SoFi Checking & Savings account. Members can unlock 3.60% APY savings balances with either direct deposit (no minimum required) or by depositing at least $5,000 every 30 days.⁴ For more information, please visit sofi.com/banking/#4/.

Learn more: How Much Money Is Needed to Start a Bank Account?

Is there a minimum age?

You must be 18 years or older to open an individual or joint bank account.

Learn more: How Old Do You Have to Be to Open a Bank Account?

Can I sign up for an individual checking or savings account?

When you sign up for a SoFi online bank account, you will receive both a checking account and a savings account. We do not currently offer standalone checking or savings accounts.

If I keep my entire balance in savings, will funds automatically move to checking as needed to pay bills?

Yes. As long as you have Overdraft Protection enabled, we’ll automatically pull from your available savings balances in the event that your checking balance is insufficient. Overdraft protection covers ACH withdrawals (bill pay, loans, P2P), checks and debit card transactions. Note that overdraft protection will not pull from your Vaults. To turn on Overdraft Protection, open the SoFi app, tap More > Overdraft and toggle the feature on.

Any limits on savings account withdrawals per month or transfers between accounts?

No, there are no current limits on saving withdrawals or transfers between checking, savings and Vaults.

To unlock the highest APY, does it matter where I direct deposit my funds
(checking vs savings?)

Nope, it doesn’t matter. To unlock the highest the highest APY, you may either:

-Get paid via direct deposit (into either your checking or savings). Eligible direct deposits are the electronic deposits of your paycheck, pension or government payments (e.g., Social Security) from your employer, benefits provider, or the government.

-Add $5,000 or more to your checking or savings account every 30 days.

Is there a maximum or ‘cap’ on the 3.60% APY?

There is not currently a maximum on the 3.60% APY for savings or Vaults.

What about fees?

We’re proud to say that banking with SoFi has no account fees and no service charges—and we’re working hard to keep it that way.¹ There are no fees on overdraft, account open, minimum balance, dormant account or regular maintenance. We also offer no ATM fees at 55,000+ Allpoint ATMs worldwide.⁵ Check out a full list of fees and service charges: No Fees.

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More banking tips and resources
just clicks away.

See more articles

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Earn up to 4.30% APY²
with eligible direct deposit.

Limited-time only. Terms apply.

Open an account

SoFi > Banking

Aug

2025

AI and Your Job: Ranking the Careers Most and Least Impacted

By Keith Wagstaff | | Comments Off

The trillion-dollar question: Is AI coming for your job, or will it make you ten times better at your job? This next monumental frontier of technology is creating a weird mix of deep angst and utter exhilaration.

A new study from Microsoft doesn’t exactly answer this question, but it does offer an interesting career lens on artificial intelligence. Using 200,000 anonymized user conversations with Microsoft’s chatbot, Copilot, researchers ranked occupations by AI’s relevance to the day-to-day work activities of different occupations. In other words, based on user requests, and how successfully the chatbot completed tasks, researchers were able to give occupations an AI “applicability score.”

The study listed the 40 highest and lowest scoring careers. Knowledge work and communication fields had very high relevance, especially interpreters, historians, sales reps, writers and customer service reps. Hands-on workers were among the least impacted: Dredge operators, bridge workers, water treatment plant operators, metal workers and railroad layers all scored a zero.

It also showed the most effective use cases for AI today include:

• Writing and editing.

• Researching.

• Decision-making, especially with product or material comparisons.

While AI is not (yet) particularly good at:

• Creating visual designs.

• Arranging displays.

• Analyzing scientific or financial data.

So what? Artificial intelligence raises a slew of big-picture questions about the future. It’s a nervewracking time for many of us (unless you’re the AI researcher just offered a $62 million annual pay package) and if you’re young, it can feel daunting to choose a career that stands to gain rather than lose.

But whether AI creates entirely new job categories or leads to mass entry-level layoffs in certain industries, running from it won’t help. To stay ahead of the curve, put that nervous energy to good use by exploring how you can use AI to make you more effective both at work and in life.

Depending on your profession, this powerful technology may be able to help you do the things you like least about your job. (It might even be able to help you figure out more AI-proof jobs you could do given your experience and education.) Either way, you can take comfort in the fact that today’s chatbots do not yet possess the emotional intelligence, creativity, and good judgment of their human counterparts.

SoFi Blog

Tips and news—for your financial moves.