SoFi Blog

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for your financial moves.

Dec
02
2015

Paying for College: Should Parents Take Out Loans or Tap Retirement Savings?

By | Money, student_loan | No Comments

With higher education expenses galloping far ahead of inflation, parents at all income levels are finding it difficult to help out with their kids’ college education. If you’re one of many parents whose savings is coming up short, even with a 529 Savings Plan, a Coverdell, or other education-specific plan in place, you may be considering other options to cover the expense gap, including taking out a loan or dipping into retirement accounts.

Before going either route, be sure to fully explore the options available to your family, including potential grants, financial aid, work study programs and employer-provided education assistance programs. And if it’s too late to apply or your child won’t qualify for financial aid, your family may still qualify for one of the tax credits or deductions currently available. While these education-related tax credits won’t necessarily help every family due to limitations and income level phase-outs, they are worth exploring if you’re new to the education funding process.

If you want to explore using retirement savings or private loans to help close the funding gap, here is an overview of the available options in those areas.

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Dec
01
2015

The Budgetnista Personal

By | personal_loan | 1 Comment

Take a vacation from high interest rates.

Personal Loan fixed rates start at 8.74% APR (with AutoPay)5.

Find My Rate

Checking your rate will not affect your credit score✝.

Hey, hey, hey Dream Catchers! Welcome to SoFi

Get $50 when your loan is disbursed by applying through this page.‡

Are you paying more than 11% interest on your credit cards? A SoFi Personal Loan could help you save thousands. With a low fixed rate and monthly payment, you can pay off high interest debt, like credit cards, or make a major purchase. It only takes minutes to apply.

Why SoFi?

Serious
Savings

Borrow from $5k-$100k at fixed rates that range from 8.74% APR to 35.49% APR (with all discounts)5, 7

No Fees Required.
No Catch.

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

Exclusive
Rates

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

Find My Rate

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

Find My Rate

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Dec
01
2015

Latham and Watkins Personal

By | personal_loan | No Comments

Take a vacation from high interest rates.

Personal Loan fixed rates start at 8.74% APR (with AutoPay)5.

Find My Rate

Checking your rate will not affect your credit score✝.

Welcome Latham & Watkins attorneys & staff.

Get $200 when your loan is disbursed by applying through this page.‡

Are you paying more than 11% interest on your credit cards? A SoFi Personal Loan could help you save thousands. With a low fixed rate and monthly payment, you can pay off high interest debt, like credit cards, or make a major purchase. It only takes minutes to apply.

Why SoFi?

Serious
Savings

Borrow from $5k-$100k at fixed rates that range from 8.74% APR to 35.49% APR (with all discounts)5, 7

No Fees.
No Catch.

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

Exclusive
Rates

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

Find My Rate

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

Find My Rate

Read more
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