SoFi Blog

Summer is on its way, and if you’re in college, you may find yourself with extra time to fill. Why not find a way to make extra money on the side? This could help you pay for school—and help you pay down debt when you’re finished with school. You could start looking for summer gigs now as some seasonal jobs may be starting to staff up.

You may already know about the traditional summer jobs, like lifeguard or camp counselor, but here are seven more ideas to help you make extra cash during the summer. And you don’t need to be a student for these—a side hustle could help anyone who needs a financial boost.

The dilemma: you’re in a store with an armful of essentials. You’re handing your treasures to the cashier, ready to check out, when they ask, “Would you like to open a credit card account and save 10% today?”

It happens in many a retail store across the country. Cashiers have been trained by corporate to wag the brochures in front of you, tempting you with even deeper discounts. This is your favorite store, right? You want a better deal, right? In the moment, it sounds fantastic—an extra 10% and you can simply put the purchase on that shiny new retail credit card and pay it off when you get home.

Except that a few weeks roll by and you’re back at the same store, tempted by yet another discount, so you whip out that plastic again. Pretty soon, bills come around and there doesn’t seem to be enough money in your checking account to cover the new credit card payment. Maybe it’s time to revisit this important question: How does credit card interest work again?

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more.
Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

As the election cycle heats up in anticipation of the 2020 presidential election, national student loan debt relief is becoming a red-hot topic. Mark Huelsman , associate director of policy and research at Demos, shares that Americans can likely expect dramatic student-debt relief proposals, in contrast to previous election debates, saying that, “There is more consensus about the need to go big on college affordability than there has been in previous election cycles.”

Industry insights, IPO updates, and fun facts about some of the world’s favorite firms.

So far, you might describe 2019 as the year of the unicorn companies. These are startup companies valued over $1 billion, and many of them—like Lyft, Beyond Meat, and Zoom—are hitting the market for the first time. But what’s driving this current trend in IPOs, and will it continue?

Millennials come with a litany of perceptions. They’re sometimes stereotyped as lazy, not having or wanting jobs, and portrayed as bingeing on Netflix and probiotic drinks from the comfort of their parents’ basement.

With murky perceptions like this, it could be easy to believe that millennials aren’t interested in investing for their futures. Of course, this narrative is overly simplistic at best, and dead wrong at worst.

Many millennials have had to overcome major obstacles to homeownership that their parents didn’t have, such as college costs that are growing faster than wages and ever-mounting student loan balances .