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Tufts University Tuition and Fees


Tufts University Tuition and Fees

Tufts University Tuition

On this page:

    By Susan Guillory

    (Last Updated – 06/2025)

    A top private research institution that’s also committed to liberal arts, Tufts University, located just outside of Boston, is known for its quality education. With three schools — the School of Arts and Sciences, the School of Engineering, and the School of the Museum of Fine Arts (SMFA) — the university supports interdisciplinary degrees. Most classes have less than 20 students, and the student-faculty ratio is just 10:1.

    Total Cost of Attendance

    Tufts tuition for the 2024-25 school year was $70,704. This is 70% more than the national average for tuition at a private university, which is $41,540.

    Costs for 2024-25


    Tuition & Fees

    $70,704

    Books & Supplies

    $1,000

    Room & Board

    $18,588

    Other Expenses

    $1,796

    Total Cost of Attendance

    $92,088

    Financial Aid

    Tufts financial aid, which 46% of its first-year students receive, may be grants, scholarships, student loans, or a combination of these. Tufts is “need blind,” meaning that your ability to pay the Tufts University tuition won’t be a deciding factor when you apply.

    Explore financial aid options: Massachusetts Student Loans & Scholarships.

    Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who 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 provided 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, and financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, and nonprofit 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. These loans come with fixed interest rates that are typically lower than those of 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, 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

    •  Scholarship Search Tool from SoFi

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    To help with Tufts University tuition, 19% of first-year students use federal student loans, and 8% take out private student loans averaging $11,848.

    Private 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. By contrast, with federal student loans, you don’t have to start paying the money 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, since it generally may have better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your 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 price for a first-year undergraduate in 2024-25 — including tuition, fees, room and board, books, supplies, and other expenses — was $92,088. If this remains true for all four years, the price for four years would be $368,352. This is significantly higher than U.S. private institutions’ average four-year cost of $241,680.

    Here’s some student loan and scholarship information for you.

    Repay student loans your way.

    Find the monthly
    payment & rate that fits your budget.

    Undergraduate Tuition and Fees

    Costs for 2024-25

    Tuition & Fees

    $70,704

    Books & Supplies

    $1,000

    Total Cost of Attendance

    $71,704

    The cost of Tufts University tuition and fees, plus books and supplies, was $71,704 in 2024-25. Many students receive Tufts financial aid to help with this cost.

    Graduate Tuition and Fees

    Costs for 2024-25

    Tuition

    $49,574

    Fees

    $1,224

    Total Cost of Attendance

    $50,798

    Tufts tuition plus fees for graduate students was $50,798 in 2024-25. This is slightly lower than the national one-year average for graduate school at a private institution. According to the most recent data, that figure is $51,770.

    Cost per Credit Hour

    For students who attend part-time, the cost of Tufts University per credit hour is $2,999. Additional mandatory fees total $6,327 per year.

    Campus Housing Expenses

    Costs for 2024-25

    Residence

    On Campus

    Off Campus

    Room & Board

    $18,588

    $2,800/mo*

    Other Expenses

    $1,796

    $1,796

    *Average rate based on available one-bedroom apartments on Tufts University’s off-campus housing website in 2025.

    At Tufts, freshmen are required to live on campus for two years. There are triple-, double- and single-occupancy options for first-year students in one of 14 residence halls.

    Tufts University Acceptance Rate

    Fall 2023

    Number of Applications

    Number Accepted

    Percentage Accepted

    34,003

    3,400

    10%

    Tufts University’s acceptance rate is very selective, at 10%.

    Admission Requirements

    Tufts University has a rigorous application process. Here’s what you’ll need to apply.

    Required:

    •  High school transcript

    •  Senior grades

    •  Letters of recommendation

    •  Portfolio for some programs

    Recommended:

    •  SAT or ACT scores

    •  Alumni interview

    The deadline for Early Decision I is November 4, with a decision notification by mid-December. The deadline for Early Decision II is January 6, with a decision notification by early February. The deadline for Regular Decision is January 6, with a decision notification by April 1.

    SAT and ACT Scores

    Though test scores are not required, here are representative scores of admitted students.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    710

    760

    SAT Math

    750

    790

    ACT Composite

    33

    35

    Graduation Rate

    These are the graduation rates at Tufts University:

    •  4 years: 86%

    •  6 years: 93%

    •  8 years: 94%

    Post-Graduation Median Earnings

    After completing their undergraduate studies at Tufts, students earn on average $83,214. This is higher than the national median figure for post-graduation earnings, which is $68,516.

    Bottom Line

    Tufts University offers students a stellar educational experience. Though its tuition is higher than the average for a private U.S. institution, the school is “need blind,” which means your ability to pay won’t be a factor when applying. And financial aid options are available. The most challenging part may be getting in. Tufts’ acceptance rate is very selective.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    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 Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


    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.

    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.



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    Wichita State University Tuition and Fees


    Wichita State University Tuition and Fees

    Wichita State University Tuition

    On this page:

      By Jennifer Calonia

      (Last Updated – 06/2025)

      Wichita State University (WSU) is a public research university located in Wichita, Kansas. It offers over 60 undergraduate degree programs in more than 200 areas of study across six colleges. Known for its emphasis on applied learning, WSU fosters innovation through partnership with industry and research initiatives. Athletically, WSU’s Shockers compete in NCAA Division I within the American Athletic Conference. The campus also features the Ulrich Museum of Art, renowned for its outdoor sculpture collection.

      Total Cost of Attendance

      Wichita State University tuition in 2024-25 for state residents was $9,684. This is lower than the national average of $11,260 for in-state tuition at public universities. For residents of other states, Wichita State tuition was $19,869, which comes in well below the national average for out-of-state tuition of $29,150.

      Tuition, however, is only part of the total cost of attending college. Here’s a look at other expenses students can expect when attending Wichita State University.

      Costs for 2024-2025


      Espense

      In-State

      Out-of-State

      Tuition & Fees

      $9,684

      $19,869

      Books & Supplies

      $1,250

      $1,250

      Room & Board

      $12,420

      $12,420

      Other Expenses

      $3,560

      $3,560

      Total Cost of Attendance

      $26,914

      $37,099

      Financial Aid

      To help with the Wichita State University cost, 89% of full-time undergraduate students receive some type of financial aid. This includes federal and state grants, scholarships, and student loans.

      Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who 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, and 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, or nonprofit 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, federal, and school deadlines may differ.

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

      •  U.S. 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

      •  Scholarship Search Finder – Use our handy tool to streamline your search by award type, location, level of study and more.

      Private Student Loans

      A large share of students (40%) tap student loans to help pay the Wichita State tuition and other costs: 41% take out federal loans, and 5% get private student loans (with an average amount of $12,064).

      Private 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, 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.

      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, since it generally has better rates and terms.

      If you’ve missed the FAFSA deadline or you’re struggling to pay for school during 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 Wichita State University cost of attendance for four years — including tuition and fees, room and board, books, and other expenses — is $107,656 for in-state students (based on 2024-25 numbers). By comparison, the national average at public universities for in-state students is $115,360 for four years.

      For out-of-state residents, the four-year cost for attending Wichita State is $148,396. This is lower than the national average of $186,920 for out-of-state cost of attendance.

      This student loan and scholarship information may be valuable as you research schools and costs.

      Undergraduate Tuition and Fees

      Costs for 2024-25

      Wichita State University undergraduate tuition and fees for the 2024-25 academic year were $9,684 for in-state students, a 3.9% increase over 2023-24. The tuition and fees for out-of-state students were $19,869, a 3.3% increase over 2023-24.

      Repay your way.

      Find the monthly
      payment & rate that fits your budget.

      Graduate Tuition and Fees

      Costs for 2024-25

      Expense

      In-State

      Out-State

      Tuition

      $6,099

      $14,986

      Fees

      $1,887

      $1,887

      Tuition and fees for graduate students at Wichita State for 2024-25 averaged $7,986 for in-state students and $16,873 for out-of-state students. This is a good deal for both residents and nonresidents: The average cost of graduate school tuition and fees in the U.S. is $22,430 per year.

      There are graduate loans available to help with these costs.

      Cost per Credit Hour

      The cost per credit hour at WSU is $250.97 for Kansas residents and $590.46 for nonresidents.

      Campus Housing Expenses

      WSU housing includes Shocker Hall (traditional housing for first-year students), The Suites (suite-style housing for first-year students), and The Flats (an upperclassmen-only apartment complex).

      Students can also apply for a Living Learning Community (LLC), which is a group of students who choose to live together to enjoy a built-in support system of mentoring, networking, and an enhanced sense of community.

      Costs for 2024-25

      •   Housing and food expenses (on campus): $12,420

      •   Housing and food expenses (off campus): $13,030

      •   Other living expenses (on/off campus): $3,560

      Total living expenses for 2024-25 came to an estimated $15,980 for students who lived on campus and $16,590 for those who lived off campus.

      Wichita State University Acceptance Rate

      Fall 2023

      Number of Applications

      Number Accepted

      Percentage Accepted

      8,637

      8,205

      95%

      Wichita State University is not selective, with an acceptance rate of 95%.

      Admission Requirements

      Freshmen are assured admission to Wichita State if they meet the following:

      Required:

      •   Have a cumulative 2.25 or higher GPA on a 4.00 scale, OR

      •   Achieve an ACT composite of 21 or higher OR a minimum combined SAT ERW+M score of 1060 (test optional for admission)

      Those who don’t meet the guaranteed admission requirements are still encouraged to apply. Your application will be reviewed individually.

      To apply to Wichita State as an incoming freshmen, you’ll need to:

      •   Complete the application (either the WSU application or Common App)

      •   Have official high school transcripts sent directly to WSU

      •   Have ACT or SAT scores sent directly to WSU (if submitting)

      •   Pay a on-refundable $40 application fee

      Wichita State has a rolling admissions policy, which means applications are processed as they are received. Students should apply early, prior to the semester they want to begin taking classes.

      You can expect to receive a decision from WSU within two weeks after the Office of Admissions receives all of the necessary application materials.

      SAT and ACT Scores

      Though submitting test scores is optional at WSU, it can be helpful to know the average scores of accepted students who chose to submit their scores.

      Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.

      Subject

      25th Percentile

      75th Percentile

      SAT Evidence-Based
      Reading/Writing

      490

      630

      SAT Math

      480

      620

      ACT Composite

      18

      26

      ACT English

      16

      25

      ACT Math

      17

      25

      Graduation Rate

      While many WSU students complete their degree in four years, some take longer. Here are the graduation rates for students who began at the school in 2017.

      •  4 years: 31%

      •  6 years: 51%

      Post-Graduation Average Earnings

      The average annual salary for Wichita State University graduates is $76,000. This is higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.

      Bottom Line

      With its wide variety of degree programs, strong focus on applied learning, and a cost that’s below the national average, both in- and out-of-state students can find that Wichita State University offers good value. Those who need help covering the WSU tuition and other costs may qualify for financial assistance in the form of grants, scholarships, and federal student loans.

      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 Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


      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.

      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.


      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.




      SOISL-Q225-093

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      Washington University in St. Louis Tuition and Fees


      Washington University in St. Louis Tuition and Fees

      Washington University in St. Louis Tuition and Fees

      On this page:

        By Kelly Boyer Sagert

        (Last Updated – 06/2025)

        Washington University in St. Louis (or WashU) is a prestigious private research university located in Missouri. Founded in 1853, it is known for its rigorous academics and collaborative environment. The school offers strong programs across disciplines including business, engineering, medicine, law, and the arts and sciences. With a diverse and intellectually curious student body, WashU combines academic excellence with a supportive campus culture that prepares students for leadership and meaningful impact in their careers.

        Total Cost of Attendance

        The total cost of attendance at Washington University in St. Louis in 2024-25 was $92,523, which is significantly higher than the national average of $60,420 at private colleges.

        Here’s a look at how those costs breakdown:

        Costs for 2024-25

        Tuition & Fees

        $65,790

        Books & Supplies

        $1,304

        Room & Board (On-Campus)

        $21,854

        Other Expenses

        $7,280

        Total Cost of Attendance

        $92,523

        Financial Aid

        Washington University in St. Louis is need-blind when reviewing applications, which means a student’s financial need will not influence an admission decision. In fact, 54% of undergraduates use financial aid to help cover the tuition and other costs. This may be scholarships, grants, student loans, or a combination of these.

        Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who 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, and 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, or nonprofit 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, 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 – Use our handy tool to streamline your search by award type, location, level of study and more.

        Recommended: Missouri Student Loan & Scholarship Information

        Private Student Loans

        Some students take out student loans to help cover WashU tuition and other costs: 16% take out federal loans; 2% get private student loans (with an average amount of $27,740).

        Private 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, 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.

        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, since it generally has better rates and terms.

        If you’ve missed the FAFSA deadline or you’re struggling to pay for school during 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 total cost to attend WashU for four years — including tuition and fees, room and board, books, and other expenses — would be $370,092 (based on 2024-25 numbers). This is higher than the national average of $241,680 for four years at a private university.

        This student loan and scholarship information may be valuable as you research schools and costs.

        Repay student loans your way.

        Find the monthly
        payment & rate that fits your budget.

        Undergraduate Tuition and Fees

        Costs for 2024-25

        WashU undergraduate tuition and fees for 2024-25 were $65,790, which is higher than the national average for private schools, which is $41,540.

        Graduate Tuition and Fees

        Costs for 2024-25

        •   Average tuition: $64,500

        •   Fees: $646

        Tuition and fees for graduate students at WashU for 2024-25 averaged $65,146. This is substantially higher than the average cost of graduate school tuition and fees in the U.S., which is $22,430 per year.

        There are graduate loans available to help with these costs.

        Cost per Credit Hour

        If students take more than 21 units per semester, they will pay additional tuition of $2,688 for each additional credit. Undergraduate students may be eligible to pay the per-credit unit tuition rate if they receive approval to take below the required minimum courseload of 12 units.

        Campus Housing Expenses

        First-year WashU students are required to live on campus. If you enroll as a freshman, you will live in one of 10 residential communities located on a part of campus known as “South 40.” Most sophomores continue living on the South 40, though some move to the Northside or opt for a Living Learning Community or fraternity housing. Many juniors and seniors choose to live in university-owned apartments located both on and off campus.

        Costs for 2024-25

        •  Estimated housing and food expenses (on/off campus): $21,854

        •  Estimated other living expenses: $3,575

        Total living expenses for the 2024-24 academic year were estimated at $25,429.

        Washington University in St. Louis Acceptance Rate

        Fall 2023

        Number of Applications

        32,240

        Number Accepted

        3,869

        Percentage Accepted

        12%

        The WashU acceptance rate is 12%, which makes the school extremely selective.

        Admission Requirements

        Here’s what you’ll need to submit to apply to WashU as a first-year student:

        •   Application (either the Common Application or Coalition Application)

        •   Answers to WashU-specific questions

        •   School report and official transcript

        •   Teacher evaluation

        •   Counselor recommendation

        Optional:

        •   Self-reported or official SAT or ACT scores

        •   Answer to supplemental WashU question

        Note: A portfolio is required for students applying to the College of Art, and strongly encouraged for students applying to the College of Architecture. The portfolio should be submitted using SlideRoom.

        Here are the application deadlines:

        •   Early Decision I: November 1 (with an admission decision released by December 13)

        •   Early Decision II: January 2 (with an admission decision released by February 14)

        •   Regular Decision: January 2 (with an admission decision released by April 1)

        SAT and ACT Scores

        Though submitting test scores is optional at WashU, it can be helpful to know the average scores of other students who chose to submit their scores.

        Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.

        Subject

        25th Percentile

        75th Percentile

        SAT Evidence-Based
        Reading/Writing

        730

        770

        SAT Math

        770

        800

        ACT Composite

        33

        35

        ACT English

        34

        35

        ACT Math

        31

        35

        Graduation Rate

        The vast majority of WashU students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at the school in 2017.

        •  4 years: 87%

        •  6 years: 94%

        Post-Graduation Average Earnings

        The average annual salary for graduates of Washington University in St. Louis is $84,000. This is significantly higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.

        Bottom Line

        WashU is a highly respected private college that is difficult to get into and offers a top-tier education. Tuition is on the upper end, but roughly half of undergraduates receive some sort of financial aid, including need-based grants, merit scholarships, and student loans. Graduates typically earn a higher salary than the average.

        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 Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


        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.

        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.


        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.



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        University of Southern California (USC) Tuition and Fees


        University of Southern California (USC) Tuition and Fees

        University of Southern California (USC) Tuition and Fees

        On this page:

          By Kelly Boyer Sagert

          (Last Updated – 06/2025)

          The University of Southern California (USC), founded in 1880, is a prestigious private research university located in Los Angeles, California. Renowned for its academic excellence, USC offers a wide range of undergraduate, graduate, and professional programs through its 23 schools and academic departments. It is especially recognized for strengths in business, engineering, cinema, and the arts. Located near the heart of L.A., USC provides students with vast cultural, professional, and creative opportunities, making it a leading institution for higher education on the West coast.

          Total Cost of Attendance

          The total cost of attendance at USC in 2023-24 was $90,453, which is significantly higher than the national average of $60,420 at private colleges.

          Costs for 2023-24

          Tuition & Fees

          $68,237

          Books & Supplies

          $1,200

          Room & Board

          $19,198

          Other Expenses

          $1,818

          Total Cost of Attendance

          $90,453

          Financial Aid

          USC is need-blind in its admission process, which means a student’s financial need will not influence an admission decision. In fact, around 70% of USC students use financial aid to help cover the tuition and other costs. This may be student loans, scholarships, or grants, or a combination of these.

          Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who 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, and 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, or nonprofit 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, 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 – Use our handy tool to streamline your search by award type, location, level of study and more.

          Private Student Loans

          Of the USC students who take out student loans, 25% take out federal loans, and 3% get private student loans (with an average amount of $38,338).

          Private 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, 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.

          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, since it generally has better rates and terms.

          If you’ve missed the FAFSA deadline or you’re struggling to pay for school during 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 total cost to attend USC for four years — including tuition and fees, room and board, books, and other expenses — would be $361,812 (based on 2023-24 numbers). This is much higher than the national average of $241,680 for four years at a private university.

          This student loan and scholarship information may be valuable as you research schools and costs.

          Repay student loans your way.

          Find the monthly
          payment & rate that fits your budget.

          Undergraduate Tuition and Fees

          Costs for 2023-24

          University of Southern California undergraduate tuition and fees for 2023-24 were $68,237, which represents a 5.4% increase over the prior academic year.

          Graduate Tuition and Fees

          Costs for 2023-24

          •   Average tuition: $66,640

          •   Fees: $2,232

          Tuition and fees for graduate students at USC for 2023-24 averaged $68,872. This is substantially higher than the average cost of graduate school tuition and fees in the U.S., which is $22,430 per year.

          There are graduate loans available to help with these costs.

          Cost per Credit Hour

          The cost per credit hour (or unit) is $2,354 for both undergraduate and graduate students at USC. Undergraduate students take 12-18 units per semester; graduate students take 15-18 units per semester.

          Campus Housing Expenses

          While USC does not require freshmen to live on campus, the school offers a wide range of on-campus housing options for first-year students, including residence halls, suites, and apartment-style living.

          Costs for 2023-24

          •  Estimated housing and food expenses (on/off campus): $19,198

          •  Estimated other living expenses (on/off campus): $1,818

          Total living expenses for 2023-24 came to an estimated $21,015 for students who chose to live on or off campus.

          You can find out more about housing at USC here .

          University of Southern California (USC) Acceptance Rate

          Fall 2023

          Number of Applications

          80,808

          Number Accepted

          8,081

          Percentage Accepted

          10%

          The USC acceptance rate is 10%, which makes the school highly selective.

          Admission Requirements

          Here’s what you’ll need to apply to USC as a first-year student:

          •   The Common Application

          •   Official high school transcript

          •   Letter of recommendation from school counselor or teacher (some programs may require additional letters of recommendation)

          •   SAT/ACT test scores (optional)

          •   Portfolio, résumé, and/or additional writing samples (if required by your intended major)

          •   Fall grades (when available)

          Here are the application deadlines:

          •   Early Action (majors not requiring a portfolio/audition): November 1

          •   Early Decision (Marshall School of Business only): November 1

          •   Regular Decision (majors requiring a portfolio or audition): December 1

          •   Regular Decision (majors not requiring a portfolio/audition): January 10

          SAT and ACT Scores

          Though submitting test scores is optional at the University of Southern California, it can be helpful to know the average scores of other students who chose to submit their scores.

          Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.

          Subject

          25th Percentile

          75th Percentile

          SAT Evidence-Based
          Reading and Writing

          700

          760

          SAT Math

          740

          790

          ACT Composite

          32

          35

          ACT English

          34

          35

          ACT Math

          30

          35

          Graduation Rate

          Most USC students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at USC in 2017.

          •  4 years: 77%

          •  6 years: 92%

          Post-Graduation Median Earnings

          The average starting annual salary for University of Southern California graduates is $72,261. This is slightly higher than the average projected starting salary for the class of 2025 at the bachelor’s degree level, which is $68,680.

          Bottom Line

          The University of Southern California is a sought-after school that can be difficult to get into and offers a world-class education. Tuition is on the upper end, but more than two-thirds of USC undergraduates receive some sort of financial aid, including grants, merit scholarships, and federal and private student loans. Graduates typically earn a higher salary than the average.

          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 Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


          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.

          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.

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          Current Mortgage Rates in Syracuse, NY Today

          SYRACUSE MORTGAGE RATES TODAY

          Current mortgage rates in

          Syracuse, NY.




          View your rate

          Apply online or call for a complimentary mortgage consultation.

          Compare mortgage rates in Syracuse.

          Key Points

          •   Mortgage rates in Syracuse, New York, are influenced by economic conditions and the creditworthiness of the borrower.

          •   Keep in mind, higher credit scores and larger down payments can lead to more favorable mortgage rates.

          •   If you’re a first-time homebuyer, you might be eligible for programs provided by New York State.

          •   Historical mortgage rates in Syracuse have seen their ups and downs, but they’re not expected to change significantly over the coming year.

          •   Locking in a mortgage rate can protect against market swings while you await your closing.

          Introduction to Syracuse, New York Mortgage Interest Rates

          For those in the Syracuse, New York area, understanding mortgage rates is crucial when you’re ready to take the leap into homeownership. This comprehensive guide is here to provide the lowdown on how lenders determine home loan rates — and how you can secure the best rate possible. We’ll delve into the key factors that influence mortgage rates, from the economic climate to your personal financial status, credit history, and down payment amount. By the end, you’ll be equipped with the knowledge to make informed decisions and confidently pursue the home of your dreams. Your first step? Getting a handle on how mortgage rates are set in the first place.

          First-time homebuyer programs usually consider anyone who hasn’t owned a home in the previous three years to be a “first-timer.” If you think you might qualify as a first-time homebuyer, you could enjoy special benefits such as lower down payment minimums, grants, and closing cost assistance.

          Where Mortgage Rates Come From

          Mortgage rates are influenced by a variety of economic factors, and are a bit more complex than you might realize. The bond market, particularly the 10-year U.S. Treasury Note, has historically been a key indicator of where mortgage rates are headed. The overall performance of the housing market and the rate of inflation are also factors that can affect the prices lenders set. When the economy is strong, unemployment is low, and inflation is rising, mortgage lenders in Syracuse may increase rates.

          While these large economic trends point rates in one direction or the other, the rate you are personally offered by a lender will be based on your credit score, debt-to-income (DTI) ratio, and down payment amount. A credit score of 620 or better will likely be needed for a conventional loan, though some government-backed loans are more lenient when it comes to credit. By staying informed and understanding these moving parts, you’re better equipped to snag the most favorable mortgage rates in Dallas.

          See how your debts may affect your mortgage

          Use SoFi’s debt-to-income calculator to determine your personal DTI number.

          How Interest Rates Affect Home Affordability

          Why bother to keep track of interest rates? They have a big impact on the affordability of a home. Let’s say you’re looking at a $200,000 loan with a 30-year term. At a 6.50% interest rate, your monthly payment would be around $1,264. But if that rate creeps up to 7.00%, suddenly you’re paying $1,330 each month. Over 30 years, that seemingly small difference in interest rate adds up to almost $25,000, as you can see from the chart below.

          Interest Rate Monthly Payment Total Interest
          6.00% $1,199 $231,677
          6.50% $1,264 $255,085
          7.00% $1,330 $279,021
          7.50% $1,398 $303,403
          8.00% $1,467 $328,309

          Syracuse Mortgage Rate Trends

          Historical U.S. Mortgage Rates

          Knowing the history of mortgage rates in Syracuse can help put current rates into perspective. While rates have seen an increase in the last few years, moving away from the record lows seen in 2021, they are still lower than the highs of years past. The chart shows rates over the
          last half-century; as you can see, it’s fairly unusual for rates to dip below 5.00%

          Looking at the chart, you can see how average mortgage rates in New York state compare to those for the U.S. as a whole. Syracuse and its neighbors look good in this context, with New York rates trending below national averages. (The Federal Housing Finance Agency didn’t track state averages after 2018.)

          Year New York Rate U.S. Rate
          2000 8.10 8.14
          2001 7.02 7.03
          2002 6.47 6.62
          2003 5.63 5.83
          2004 5.70 5.95
          2005 5.78 6.00
          2006 6.44 6.60
          2007 6.40 6.44
          2008 6.03 6.09
          2009 5.06 5.06
          2010 4.80 4.84
          2011 4.55 4.66
          2012 3.62 3.74
          2013 3.77 3.92
          2014 4.08 4.24
          2015 3.81 3.91
          2016 3.62 3.72
          2017 3.91 4.03
          2018 4.37 4.57


          Source: Federal House Finance Agency

          Types of Mortgages Available in Syracuse, New York

          The type of mortgage loan you choose will in turn affect your interest rate, and you have an array of mortgage types to consider in Syracuse. Generally speaking, conventional loans will require a credit score of 620 or more. If your score is lower, you may be looking at a government-backed loan such as one from the Federal Housing Administration (FHA). Here are the more common mortgage types.

          Fixed-Rate Mortgage

          Fixed-rate mortgages are the bedrock of home financing, offering you the security of a consistent interest rate that won’t budge, regardless of market fluctuations. This means your monthly payments will be predictable and steady over a loan term of 10, 15, 20, 30, or even 40 years.

          Adjustable-Rate Mortgage (ARM)

          Now let’s talk about your other option, an adjustable-rate mortgage (ARM). This type of loan often starts with a lower introductory rate than a fixed-rate loan. But after this initial phase, the rate can vary based on market conditions. It’s a cost-effective option, but you must be prepared for potential rate increases and the impact on your monthly payments. (In some cases, those who sign up for an ARM have a plan to move before the rate begins to adjust.)

          FHA Loan

          FHA loans are known for their more flexible eligibility criteria when compared to conventional loans. Typically, these loans are open to qualified borrowers with a minimum credit score of 500. If your score is 580 or above, you can make a low down payment of just 3.5%. This makes owning a home a reality for a wider range of individuals. First-time buyers and those with limited financial resources can particularly benefit from these terms.

          VA Loan

          VA loans are a great option for eligible active-duty military members, veterans, reservists, National Guard members, and surviving spouses. One of the biggest benefits of VA loans is that they do not require a down payment. This makes them a very attractive option. The first step if you’re interested in a VA loan is to obtain a Certificate of Eligibility from the VA.

          Jumbo Loan

          For the majority of locations, including Syracuse (and all of New York outside the New York City area), conventional mortgage loans in 2025 have a cap of $806,500 for a single-family home. A jumbo loan is tailor-made for homebuyers whose borrowing needs surpass this limit. These loans, however, often come with more stringent qualification requirements, such as higher credit scores and the need for more substantial down payments.

          Should You Wait for Interest Rates to Fall?

          It’s a common question, especially for those new to the homebuying scene in Syracuse. The current buzz suggests that mortgage rates will hold steady for the time being. According to Fannie Mae’s March 2025 report, the average mortgage rate is anticipated to hover around 6.30% by the year’s end, with 2026 rates mirroring this trend. Keep in mind that a mortgage refinance is always an option down the road if you buy now and the rates do take a dip in the future.

          Recommended: Average Monthly Expenses for One Person

          Cost of Living in Syracuse

          The cost of living in Syracuse, New York, is not in the nosebleed territory of New York City, but it’s not one of the most affordable places in New York State, either. Below you can see how Syracuse compares to other cities in the state on a cost-of-living index where 100 equals the average cost of living in the U.S. The median home sale price in Syracuse is a relatively affordable $185,000, which is half the national average sale price, according to Redfin. But the housing market is quite competitive here, and prices are up significantly over last year.

          New York City Cost of Living
          Albany 104.8
          Buffalo 95.7
          Herkimer County 92.9
          New York (Brookylyn) 161.1
          New York (Manhattan) 230.6
          New York (Queens) 149.8
          Ostego County 99.6
          Rochester 99.1
          Syracuse 102.9
          Utica-Rome 95.9

          How to Get Your Best Possible Rate in Syracuse

          Before you begin the process of applying for a home loan in Syracuse, take these steps: Examine your credit score. It’s a key player in securing the best mortgage rates, so make sure your credit record is accurate, and pay your bills promptly. Also check your DTI ratio. As noted above, under 36% is best. Finally, scrutinize your budget to see what is the largest down payment you can handle (without eating into your emergency fund). Consider going through the mortgage preapproval process to nail down your budget and explore different mortgage types, from fixed-rate to adjustable-rate, to see what aligns best with your financial scenario.

          Helpful Tools & Calculators

          A mortgage payment calculator will be your friend during the mortgage process. You can plug in different loan amounts and terms to see how monthly payments and overall interest paid will be affected by different loans. In fact, you’ll want to keep all three of these calculators at your fingertips when home-shopping in Syracuse.

          Run the numbers on your home loan.

          Using the free calculators is for informational purposes only, does not constitute an offer to receive a loan, and will not solicit a loan offer. Any payments shown depend on the accuracy of the information provided.

          How to Evaluate Loan Offers in Syracuse

          You’ve polished your credit score, taken charge of your debts, and calculated what home you can afford. Now it’s time to get loan offers from multiple lenders and compare them head to head to see who is offering you the best rate. Don’t just compare interest rates. Look at each loan’s annual percentage rate (APR), which encompasses fees and closing costs as well. Once you’ve selected an offer, you can often lock in your rate for a fee, protecting against potential rate hikes for a set period, such as 90 days.

          Recommended: The Best Affordable Places in the U.S.

          Syracuse Mortgage Resources

          If you’re buying your first home in Syracuse or have limited financial means (or both), New York offers resources and programs to support you on your journey, including down payment assistance programs. The State of New York Mortgage Agency (SONYMA) is working to expand access to affordable homeownership. It has two primary mortgage programs, Achieving the Dream and Low Interest Rate. There is also a Down Payment Assistance Loan. All of these programs require income screening, and borrowers must meet other qualifications. Remember, as you are thinking about first-time buyer programs, anyone who hasn’t owned a primary residence in the last three years could qualify.

          Closing Costs in Syracuse

          Syracuse homebuyers can expect to pay between 2% and 5% of the loan value in closing costs. Factors that influence closing costs include property value and location. Costs can include loan origination fees, appraisal fees, and title insurance — for starters. Understanding the breakdown of these costs can help you budget effectively and ensure you’re not caught off guard at the closing table.

          The Takeaway

          Syracuse offers some nicely priced homes. By getting to know the current mortgage landscape in Syracuse and obtaining offers from multiple lenders, you can make the best decision for your financial situation. Whether you’re a first-time homebuyer or a seasoned homeowner looking to refinance, taking the time to research and compare loan options will help you make the best decision for your long-term financial health.

          Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

          SoFi Mortgages: simple, smart, and so affordable.

          View your rate

          FAQ

          Will mortgage rates ever return to normal?

          What is “normal” for mortgage rates depends on your perspective. If you’ve only been watching rates for a few years, rates topping 6.50% might seem high. But if you bought a home in the 1980s, 6.50% seems like a veritable bargain. Waiting for “normal” rates may be less helpful than asking yourself if you can afford to purchase a home, and if so, is this the right time to do so based not only on cost but also on your personal situation.

          Will Syracuse, New York home prices ever decrease?

          The housing market in Syracuse is influenced by a variety of factors, including the overall state of the economy both locally and nationally and the balance of supply and demand. While it is difficult to predict the exact direction of home prices due to the inherent volatility of the market, a real estate agent with local knowledge may be able to help you peek ahead at where prices are going.

          How do you lock in a mortgage rate?

          Locking in a mortgage rate can provide peace of mind and financial stability. And it’s simple to do. Once you’ve shopped around for the best rates and found a loan that suits your needs, contact the lender or mortgage broker and ask them to lock in the rate so you can complete your home search and closing with peace of mind. There may be a small fee for this service.

          How do mortgage interest rates work?

          Mortgage interest rates are the cost of borrowing money to buy a home, and are typically expressed as a percentage of the loan amount. These rates are influenced by both your personal financial profile and the broader economy. Rates can be fixed or variable. When you make a mortgage payment, a portion of the payment goes toward the principal that you owe and a portion of it is interest. To see what amount is going where, a borrower can review the amortization schedule for their loan.


          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.


          SoFi Mortgages
          Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.


          ¹FHA loans are subject to unique terms and conditions established by FHA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. FHA loans require an Upfront Mortgage Insurance Premium (UFMIP), which may be financed or paid at closing, in addition to monthly Mortgage Insurance Premiums (MIP). Maximum loan amounts vary by county. The minimum FHA mortgage down payment is 3.5% for those who qualify financially for a primary purchase. SoFi is not affiliated with any government agency.


          †Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.


          *SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.


          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.


          Checking Your Rates: To check the rates and terms you may 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.

          SOHL-Q225-116

          More home loan resources.

          Apply online or call us for a complimentary mortgage consultation.

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