Automated Investing uses computer algorithms to provide financial guidance and portfolio management for investors. For more information on the idea of Automated Investing, read our Automated Investing 101 Guide.

Is auto investing the same as Robo investing

These terms are often used interchangeably. Robo Advisors use the same idea of algorithmic based investing and financial advice for clients, as opposed to humans or self driven research and wealth management.

Is automated investing a good idea?

Using an Automated Investing platform has several perks, particularly affordability, convenience, and the avoidance of potential human errors. This type of investment strategy allows clients to use a “hands off” approach, which many people may prefer over the time consuming research and management required for active trading.

SoFi aims to understand your investment goals from the start, and then automates the
investing needed to get there. We invest in a wide array of assets to reduce risk.

SoFi Invest provides you complimentary access to our financial advisors. When the
markets fluctuate and change, we will handle the rebalancing needed to maintain the
strongest portfolio.

How do you start auto investing with little money?

SoFi Invest requires no minimum investment to get started. We offer investing services to users of all
levels

Can I choose which companies to invest in?

Automated Investing is tailored to be as hands off as possible. Portfolios are built around your
investments goals, so the need to research and choose your own investments is unnecessary. If you are
interested in a more hands on approach, check out Active Investing.

Refinancing is a great solution for working graduates who have high-interest, unsubsidized Direct Loans, Graduate PLUS loans, and/or private loans. Federal loans do carry some special benefits, for example, public service forgiveness and economic hardship programs, that may not be accessible to you after you refinance. Check out this blog post that provide more information: When to Consolidate Federal and Private Loans by Refinancing. Or, call us for a free consultation about your particular situation.

Can I refinance both federal and private student loans?

Yes, SoFi will consolidate all qualified education loans.

Am I a good candidate to refinance my student loans with SoFi?

SoFi aims to revolutionize financial services—ultimately improving the system for everyone. Today, we’re able to offer significant savings and flexibility to US citizens or permanent residents who have graduated from a selection of Title IV accredited university or graduate programs, are employed, has a sufficient income from other sources, or hold a job offer with a start date within 90 days, have a responsible financial history, and a strong monthly cash flow.

Student loan consolidation is when you combine multiple loans into one single loan. Student loan refinancing, on the other hand, is when you get a new loan at a new interest rate and/or a new term. You can refinance both federal and private loans. Learn more here.

What’s the difference between fixed and variable rate loans?

Fixed rate loans are loans that have an interest rate that does not change over the life of a loan, which means you pay the same amount each month. It also means you know with certainty the total interest that you’ll pay over the life of the loan. Fixed rate is a general term that can apply to different types of loans with a variety of uses, including student loans, mortgages, auto loans, and unsecured personal loans.

Variable rate loans are loans that have an interest rate that will fluctuate over time in line with prevailing interest rates. They generally have lower starting interest rates than fixed rate loans, but the interest rate and payment amounts can change over time. Sometimes they are also known as floating rate loans.

Learn more at https://www.sofi.com/fixed-vs-variable-rate-loans/

Where can I find more information about student loans in general?

Deciding how to best handle your student loan obligations can be an intimidating process. That’s why we’ve put together our Student Loan Help Center to give you guidance on payments, refinancing, budgeting, and common terminology so you can feel more confident in your journey to becoming debt free.