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Will Retirement Shortfalls Still Plague Us in 2100?

Who needs a futuristic sci-fi film when you have real-life predictions about how the latest generation of Americans will distinguish themselves over the next 75 years.

A new research study from Prudential Financial explores how this year’s brand new babies — the first to join what’s being called Generation Beta — might redefine family, work, and money, and there are some pretty interesting ideas.

To start, the nuclear family will no longer be the norm, it will be common to have more pets than children, and space — yes, outer space — will be a popular vacation destination.

Plus, Betas will be working in jobs not yet invented and have more than three distinct career paths in their lifetimes.
(They can be an entrepreneur, spaceship pilot, and a petsitter.) The government may not even print cash anymore because Betas won’t use it.

Prudential’s research included a literature review, expert interviews, focus groups and a survey panel of about 2,000 Americans, including would-be parents and grandparents of the Beta generation, which will encompass everyone born through 2039.

One thing that isn’t expected to change is the risk of being unprepared for retirement. More than half of the survey respondents think Betas will struggle to save enough for a secure retirement. (As wild as it sounds, these babies will reach today’s notion of “retirement age” in the 2090s or 2100.) And enough will be nearly $1.9 million, though many of the older survey respondents predict they’ll need to have saved even more — over $5 million.

Sounds a bit fantastical, but given that we’ve had over 1200% inflation in the past 75 years, those figures are actually quite conservative. (At that inflation rate, $5 million in 2100 dollars is just $382,000 today.)

So what? Worry about retirement shortfalls may never go away. A separate survey released last year by Natixis Investment Managers showed almost half of Gen X investors are relying on a miracle to retire securely, and in many cases are so worried that they avoid thinking about retirement at all. Ouch.

If you’re concerned about retirement — whether it’s yours, your children’s, or grandchildren’s — don’t forget that the sooner you get money in an IRA or 401(k) account, the better chance you have to leverage the power of compound growth. Even a small contribution can make a big difference. Your future self (or future Beta babies) will thank you.

Related Reading

•   Older Parents, Climate Change and AI: Say Hello to Generation Beta (CBC News)

•   Meet Gen Beta, Starting to be Born in 2025 (Axios)

•   12 Common Retirement Mistakes You Should Avoid (SoFi)


photo credit: iStock/SethCortright

Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

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Stanford University Tuition and Fees


Stanford University Tuition and Fees

Stanford University Tuition and Fees

On this page:

    By Susan Guillory

    (Last Updated – 01/2025)

    Total Cost of Attendance

    Stanford is known for consistently ranking as one of the top 10 universities in the country. Stanford University tuition and fees, at $62,484 for the 2023-24 school year, is higher than the average for four-year private nonprofit institutions in the U.S. of $41,540 per year.

    Costs for 2023-24

    Tuition & Fees

    $62,484

    Books & Supplies

    $825

    Room & Board

    $19,922

    Other Expenses

    $4,602

    Total Cost of Attendance

    $87,833

    Financial Aid

    To help with Stanford tuition, more than two-thirds of students receive financial aid of some kind, whether it’s student loans, grants, or scholarships. Stanford is “need-blind” for all U.S. citizens, permanent residents, and undocumented students, regardless of where they attended high school. This means that your financial need will not be a deciding factor on your application.

    Generally, financial aid is monetary assistance awarded to students based on personal need and 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

    Recommended: The Differences Between Grants, Scholarships, and Loans

    Private Student Loans

    While some Stanford students opt for federal student loans (7%), others (2%) take out private student loans. The average private loan amount is $39,259.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-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 as 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

    How much will Stanford tuition plus room and board and other expenses run you for a four-year degree? Based on 2023-24 numbers, the full cost would be $351,332. In comparison, the average cost for a private university is $60,420 a year, totaling $241,680 for four years, according to CollegeData.com.

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

    Repay student loans your way.

    Find the monthly
    payment & rate that fits your budget.

    Undergraduate Tuition and Fees

    Costs for 2022-23

    Tuition & Fees

    $62,484

    Room & Board

    $19,922

    Books and Supplies

    $825

    Other Expenses

    $4,602

    Total Cost of Attendance

    $87,833

    Covering Stanford University costs is more than just tuition, which is $62,484. You also have to factor in room and board, which runs $19,922; books and supplies for $825; and other expenses totaling $4,602; making your COA (or cost of attendance) $87,833 a year.

    Graduate Tuition and Fees

    Costs for 2023-24

    Tuition

    $58,746

    Fees

    $753

    Total Cost of Attendance

    $59,499

    Tuition for graduate school at Stanford was $58,7467 in 2023-24, and there was an additional $753 in fees, making a total of $59,499 to attend graduate school. There are graduate loans available to help with these costs.

    Cost per Credit Hour

    For students who wish to attend summer sessions, the cost per unit is $1,282 (for fewer than 12). Upperclass students may petition for part-time enrollment (8-unit minimum), also for $1,282 per unit. This does not include fees. Our private student loans guide can help you plan for how you’ll finance your education.

    Campus Housing Expenses

    Costs for 2023-24

    Student Type

    On-Campus

    Off-Campus

    Room & Board

    $19,922

    $24,960

    Other Expenses

    $4,602

    $4,602

    Stanford has 15 residence halls, as well as apartments, suites and row houses for undergraduates. All first-year students are required to live on campus.

    For other students, there is subsidized off-campus housing available near the campus, though be aware that these likely require 12-month leases. Students living off campus should expect living expenses to be 10% to 40% higher, depending on the living situation. Check out this resource to learn more about off-campus housing.

    Stanford Acceptance Rate

    Fall 2023

    Number of applications

    53,733

    Number accepted

    2,149

    Percentage Accepted

    4%

    Admission Requirements

    Now that you know the Stanford University acceptance rate, it’s important to understand the admissions requirements. Stanford University has certain requirements for first-year applicants, as well as recommended documents.

    Required:

    •  Secondary school GPA

    •  School report

    •  Counselor letter of recommendation

    •  Official transcripts

    •  Letters of recommendation from two teachers

    •  Midyear transcript (by February 15)

    Recommended:

    •  Completion of college-preparatory program

    •  SAT or ACT scores

    The deadline for a standard application is January 5, with a decision given by early April. Learn more about the application process here .

    SAT and ACT Scores

    Like many schools, Stanford has waived the requirement for SAT or ACT scores to accompany applications through the 2024-25 school year.

    That being said, if you wish to submit yours, you can. Here are the scores by subject at the 25th and 75th percentile:

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    740

    780

    SAT Math

    770

    800

    ACT Composite

    34

    35

    ACT English

    35

    36

    ACT Math

    32

    35

    Graduation Rate

    The graduation rate at Stanford is fairly high. Here is the graduation rate of students who began their studies in 2017:

    •  6 years: 93%

    Post-Graduation Median Earnings

    Stanford graduates can expect to earn, on average, nearly double the overall average for four-year school graduates, at $124,000. The median for all schools is $68,516.

    Bottom Line

    Stanford regularly makes the lists of top schools in the country for good reason: It is committed to providing an excellent education. The university’s admissions standards are high, and it is difficult to get into, but don’t let financial considerations keep you from applying. Stanford is need-blind, which means students from any financial background can apply.

    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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    Yale University Tuition and Fees


    Yale University Tuition and Fees

    Yale University Tuition and Fees

    On this page:

      By Kelly Boyer Sagert

      (Last Updated – 01/2025)

      Yale University is an elite Ivy League university in New Haven, Connecticut, known for its outstanding academics and competitive admissions process. In this guide, we’ll share insights into admission requirements, the Yale acceptance rate, tuition, financial aid, popular majors, and more.

      Total Cost of Attendance

      In 2023-24, Yale University tuition and other expenses were as follows:

      •  Tuition and fees: $64,700, a 3.9% increase over the previous year

      •  Books and supplies: $1,000

      •  On-campus room and board: $19,180, a 4.0% increase over the previous year

      •  Other fees: $3,420

      •  Total expenses: $88,300, a 3.7% increase over the previous year

      Financial Aid

      More than forty years ago, Yale became the country’s first private research university to establish “need-blind” admissions, along with need-based financial aid, for undergraduates. Need-blind means that your ability to cover tuition isn’t considered when the school reviews your application. The school says that one of their guiding principles is to make a Yale education something every student can afford.

      In the 2022-23 school year, 57% of first-time, full-time Yale undergraduates received some type of financial aid, with 54% receiving grants or scholarships, 20% getting federal grants, 20% receiving Pell grants, and 10% receiving other federal grants. More than half of Yale students (54%) received institutional grants or scholarships, and 6% took out federal student loans.

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

      Recommended: Scholarship Search – College Scholarships Finder Tool

      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

      Recommended: The Differences Between Grants, Scholarships, and Loans

      Private Student Loans

      Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or state-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 as 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 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

      In 2023-24, attending Yale cost $88,300. For four years at this price, Yale cost would equal $353,200. But keep in mind that these costs can rise.

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

      Repay student loans your way.

      Find the monthly
      payment & rate that fits your budget.

      Undergraduate Tuition and Fees

      In 2023-24, Yale tuition and total expenses were as follows:

      •  Yale tuition and fees: $64,700

      •  Total cost of attendance for students on campus: $88,300

      Compared to the average total costs for a four-year, private university in the U.S. of $60,420, Yale University’s costs are 46% higher.

      Graduate Tuition and Fees

      In 2023-24, Yale tuition for graduates averaged $48,300 with no additional fees.

      Cost per Credit Hour

      The cost per credit hour at Yale varies by department. In the School of Public Health, matriculated students taking fewer than 4 course units in a term are considered part-time students. Part-time students pay $5,346 per course, and are encouraged to take at least 2 courses per term.

      Campus Housing Expenses

      In 2023-24, on-campus room and board cost $19,180. Each first-year student is randomly assigned to one of 14 residential units. Graduate students can choose between furnished dorm rooms or unfurnished apartments, and the university provides a helpful resource to compare dormitory and apartment life. Yale owns apartments to rent to graduates and provides a resource to search other apartments and homes. Find details here.

      Yale Acceptance Rate

      Yale is extremely competitive. In fall 2023, 51,803 people applied and the Yale University acceptance rate was 5%.

      Yale Admission Requirements

      When you apply, you’ll need to include transcripts, two teacher recommendations, a counselor recommendation, and a mid-year report. Currently, ACT and SAT scores are optional.

      The early action deadline is November 1 of the year before the academic year. Regular decision applications are due on January 2 of the academic year.

      SAT and ACT Scores

      Yale University requires all first-year and transfer applicants to submit standardized test scores, but lets students choose which scores to include. In fall 2023, 56% of applicants submitted SAT scores and 26% submitted ACT scores. The 25th and 75th percentiles were as follows:

      Subject

      25th Percentile

      75th Percentile

      SAT Evidence-Based
      Reading/Writing

      740

      780

      SAT Math

      760

      800

      ACT Composite

      33

      35

      ACT English

      34

      36

      ACT Math

      31

      35

      Yale Graduation Rate

      Yale graduation rate is as follows for the Fall 2017 cohort:

      •  6 years: 96%

      Post-Graduation Median Earnings

      The median yearly earnings of Yale graduates is $101,000. That is 47% higher than the average annual earnings of graduates in the U.S., which is $68,516.

      Bottom Line

      Yale is a prestigious Ivy League university offering an exceptional education in a variety of fields. Yale University costs are higher than average, but the school’s need-blind admissions policy creates opportunities for students from every economic background. The challenge is getting accepted: The Yale University acceptance rate is low, and the admissions process is very competitive.

      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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      Why Are Mortgage Rates Up If the Fed Is Cutting Its Rate?

      If you’re thinking about buying a house, you’re no doubt hoping mortgage rates will come down. Inflation has eased, and the Federal Reserve has started cutting its benchmark interest rate, right?

      Yes, but the benchmark fed funds rate is not what drives mortgage rates — not directly anyway. And since the Fed’s last rate cut in December, the average 30-year mortgage rate has actually ticked higher, topping 6.9%, according to the latest national survey by Freddie Mac. This makes buying even more expensive than it was during the pandemic, when many could get a mortgage below 3%.

      So why the disconnect? Because unlike rates for credit cards and many other loans, mortgage rates are tied to the bond market. Specifically, they follow the yields on 10-year Treasury bonds.

      That makes investors the real driver of mortgage rates, and when it comes to bonds, it’s all about their expectations for inflation. When the risk of inflation rises, investors demand higher interest rates to compensate. And although inflation has subsided a lot since 2022, there’s still a lot of uncertainty about it. It’s even gotten a little worse, not better, in the past few months.

      (Mortgages are also bundled and sold to investors as bonds, which adds a whole other layer to the rate equation. Here’s more about that if you want to get into those weeds.)

      Ultimately, inflation risk is how the Federal Reserve ties back to mortgage rates. Because the Fed uses the fed funds rate to control inflation, investors are always reading Fed tea leaves. A speech from a Fed official or fresh data or news (like a presidential election) can change investor perceptions. Case in point: Over the past few years, look how much mortgage rates moved even when the fed funds rate didn’t change.

      So what? Mortgage rates remain high because inflation remains unpredictable. Less than two years ago economists had forecast 30-year rates would be in the 4% range by now. Now they see something closer to 6.5% over the next few years.

      While this is keeping the American dream of owning a home out of reach for many, the National Association of Realtors® reports that some prospective buyers seem to be starting to adapt. If you think you might be one of them, check out our Deep Dive on less conventional mortgage types. The math may surprise you.

      Related Reading

      •   The ‘Hidden Force’ That Can Bring Mortgage Rates Down (The Wall Street Journal via MSN)

      •   Here’s Where Mortgage Rates Could Be Headed in 2025 (The Hill)

      •   7 Ways to Secure a Lower Interest Rate Mortgage (SoFi)


      photo credit: iStock/ArLawKa AungTun

      Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

      The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

      SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.


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