SoFi Blog

Tips and news—
for your financial moves.

Is 790 a Good Credit Score?


Is 790 a Good Credit Score?

790 credit score

On this page:

    By Ashley Kilroy

    A 790 credit score is considered good. In fact, it falls into the very good category on the popular FICO® scale, and on the VantageScore scale, it’s even better, landing in the superprime or excellent range. Having a very good or exceptional credit score means you can usually qualify for many credit products, often with most favorable interest rates and terms.

    Keep reading to find out what a 790 score really means and check out the credit cards, car loans, mortgages, and personal loans that might be available to you.

    Key Points

    •   A 790 credit score is very good or excellent, reflecting reliable credit management.

    •   Individuals with a 790 score can typically access a wide range of credit products with favorable terms.

    •   This score is significantly higher than the national average of 717, making borrowers more attractive to lenders.

    •   Benefits include lower interest rates, better financing options, and access to premium credit cards with robust rewards.

    •   Lenders also consider income, employment history, debt-to-income ratio, and down payment size.

    What Does a 790 Credit Score Mean?

    First, it’s important to understand what a credit score actually is. Think of it as a credit report card for how well you’ve managed credit so far. In other words, it tells lenders how dependable you’ve been at paying back your debts.

    There are different scoring models, like FICO and VantageScore, that lenders use to decide if you qualify for things like auto loans, personal loans, and credit cards. Your credit score also plays a big role in determining the interest rates and loan terms you’re offered.

    FICO Scores are the most popular choice for lenders. Here’s how they categorize the score ranges:

    •   800 to 850: Excellent

    •   740 to 799: Very good

    •   670 to 739: Good

    •   580 to 669: Fair

    •   300 to 579: Poor

    A 790 FICO score falls within the very good range, which usually means you’ve done a great job managing credit and paying your bills on time. If there are any issues on your report, they’re probably small, like one missed payment, and happened a long time ago. For example, only about 15% of people with a 790 score have a missed payment that appears on their report, according to Experian®.

    A very good credit score means banks and lenders see you as a top customer and often provide better lending options and terms. In addition, it’s worth noting that a credit score of 790 is considerably higher than the current national average credit score of 717.

    What Else Can You Get With a 790 Credit Score?

    If you are curious about what a 790 credit score can get you, you’re probably wondering about credit cards, auto loans, mortgages, or personal loans. A 790 FICO score puts you in a great position for financing approval, but it’s worth noting that your credit score is just one of several factors lenders consider when deciding on approval, interest rates, terms, and perks like credit card rewards.

    Lenders also look at things like your employment history, income, and the balance you carry on revolving debt compared to how much money you bring in — which is known as your debt-to-income ratio. These factors give lenders a fuller picture of your creditworthiness.

    Can I Get a Credit Card With a 790 Credit Score?

    With a 790 credit score, you’ll likely qualify for most credit cards. The options available may include credit cards with cash back rewards, more favorable annual percentage rates (APRs), and other attractive benefits.

    However, the lowest APRs and premium perks, like free checked bags on flights, travel insurance, or higher points-earning rates, are often reserved for folks with credit scores at or above 800.

    For example, black credit cards, which can offer entry to luxe airport lounges and similar rewards, may only be available (sometimes exclusively by invitation) to those with the highest credit scores.

    That said, your solid credit score can still open the door to plenty of great credit card options. Make sure to explore the different cards available to find one that fits your spending habits and needs.

    Can I Get an Auto Loan With a 790 Credit Score?

    A 790 credit score gives you a solid advantage when applying for an auto loan. According to Experian, the average credit score for financing a car is 717, so with a 790 score, you’re well above average. Lenders use your credit score to determine how likely you are to repay the loan. A higher score tells lenders you’re less of a risk, which can result in better interest rates for car loans and top-notch terms.

    It’s also worth pointing out that lenders consider other factors, like your income, down payment, loan terms, and whether you’re buying a new or used car. New cars often come with lower rates because car manufacturers and banks compete to attract buyers, and there likely aren’t condition or wear-and-tear issues for the vehicle. On the other hand, used cars usually have higher rates since lenders don’t have the same incentives to lower them and the cars may be less reliable.

    Can I Get a Mortgage With a 790 Credit Score?

    It’s possible to qualify for a mortgage with a 790 credit score. You may even qualify for loans with highly competitive rates. In addition, a jumbo loan, which is larger than a typical conventional loan, may be within reach since the minimum credit score requirement is typically 700.

    Keep in mind, though, that credit score requirements vary depending on the type of mortgage you’re applying for. For conventional loans and VA loans, you usually need a credit score of 620 or higher, while FHA loans require at least a 580 credit score to qualify.

    That said, meeting the credit score requirement is just one part of the mortgage approval process. Lenders will also consider other factors, like how much you’re putting down on the home, your total debt, your income, and more. They do this to ensure you can afford the monthly payments and are less likely to default on the loan.

    Can I Get a Personal Loan With a 790 Credit Score?

    Personal loans are typically flexible unsecured loans that allow you to access a lump sum of cash for almost any purpose. For instance, you might use the money to pay off a large, unexpected medical bill or to finance a vacation.

    One popular use for a personal loan is consolidating credit card debt. This can allow you to combine multiple high-interest credit lines into a convenient single installment loan. The interest rate is typically significantly lower on these loans than on credit cards. Expect to have a fixed rate and a term of one to seven years in most cases.

    There’s no magic number needed in terms of credit scores when applying for a personal loan. That said, typically, if you have a credit score of at least 610, it improves your chances of qualifying, and a score in the 700s can help you secure better rates. With a 790 credit score, you’re in a strong position to get competitive rates and terms.

    Remember that the higher your credit score, the less interest you may pay, which can save you money over the life of the loan. You can use a personal loan calculator to run the numbers and compare options.

    The Takeaway

    When it comes to mortgages, auto loans, personal loans, and even credit cards, a 790 credit score is likely to help you qualify for a line of credit or loan. While there’s always room for improvement, you’re already in a good position to secure competitive rates and perks. Just remember, your credit score isn’t the only thing lenders consider when approving your loan, so review all other requirements before moving forward.

    Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.


    SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

    View your rate

    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.


    Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

    *Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

    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.


    This content is provided for informational and educational purposes only and should not be construed as financial advice.



    Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

    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.




    SOPL-Q424-046

    Read more

    Baylor University Tuition and Fees


    Baylor University Tuition and Fees

    Baylor University Tuition and Fees

    On this page:

      By Susan Guillory

      (Last Updated – 01/2025)

      Total Cost of Attendance

      Located in Waco, Texas, Baylor University is known for its high-caliber education and Christian values. Baylor University tuition is $54,844 a year (based on 2023-24 numbers). In comparison, the average tuition for four-year private nonprofit institutions is $41,540.

      Costs for 2023-24

      Tuition & Fees

      $54,844

      Books & Supplies

      $1,438

      Room & Board

      $14,235

      Other Expenses

      $4,484

      Total Cost of Attendance

      $74,269

      Financial Aid

      Almost all Baylor students (98%) receive some sort of financial aid, including student loans, grants, or scholarships. Baylor is “need-aware,” which means the school may consider a student’s ability to pay in the application process.

      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 supplies, and other living expenses.

      The federal government is the largest provider of student financial aid. However, financial 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 a grant 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 39% of Baylor students take out federal student loans, 16% take out private student loans. The average private loan to help with Baylor tuition is $28,566 per year.

      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

      The total costs of attending Baylor for four years would be $297,076, based on 2023-24 pricing. The average cost for private schools is $241,680 for four years, according to CollegeData.com.

      Here’s some Texas 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 2023-24


      Tuition & Fees

      $54,844

      Books & Supplies

      $1,438

      Total

      $56,282

      In 2023-24, students paid $54,844 for Baylor tuition and $1,438 for books and supplies, for a total of $56,282. This is higher than the average amount for private four-year universities in the U.S. of $42,790.

      Graduate Tuition and Fees

      Baylor offers a variety of graduate degrees. The cost of tuition for graduate school in 2023-24 averaged $41,130, which is higher than the national average of $21,730 for one academic year. There are graduate loans available to help with these costs and additional personal expenses for school.

      Cost per Credit Hour

      Students that opt to attend Baylor for 11 hours or less per semester can pay $2,421 per credit hour rather than pay full-time tuition.

      Campus Housing Expenses

      Costs for 2023-24

      On-campus

      Off-campus

      Room & Board

      $14,235

      $14,594

      Other Expenses

      $3,752

      $4,484

      Total

      $17,987

      $19,078

      First-year students at Baylor University are required to live in one of 19 residence halls. There are also Living-Learning Centers, which are communities organized around specific academic programs, and Residential Colleges, faculty-led communities focused on academic excellence.

      Students can also opt to live off-campus in apartments, duplexes, rooms, or houses. For information about off-campus housing options, this resource can help.

      Baylor University Acceptance Rate

      Fall 2023


      Number of applications

      39,735

      Number accepted

      20,265

      Percentage Accepted

      51%

      When it comes to the Baylor acceptance rate, more than half of all students who apply are accepted.

      Admission Requirements

      To get accepted to Baylor, there are certain requirements and some additional recommendations.

      Required:

      •  Secondary school record

      •  Secondary school GPA

      Recommended:

      •  Completion of college-preparatory program

      •  Letters of recommendation

      •  Admission test scores

      The deadline for Early Decision 1 and Early Action is November 1. Students committing to attending Baylor if accepted will receive a decision by December 15, and the Early Action applicants will receive a decision by February 1. The deadline for Regular Admission is February 1, with a decision by April 10. You can apply to Baylor here .

      SAT and ACT Scores

      Baylor University is a test-optional school, meaning that students are not required to submit SAT or ACT scores.

      Subject

      25th
      Percentile

      75th
      Percentile

      SAT Reading & Writing

      610

      700

      SAT Math

      600

      700

      ACT Composite

      27

      32

      ACT English

      26

      34

      ACT Math

      25

      30

      Graduation Rate

      Wondering how many students graduate from Baylor? The percentage of students who started in 2017 and graduated in six years is 80%.

      Post-Graduation Median Earnings

      Upon graduating, Baylor students earn on average $66,000 per year. This is on par with the national average starting salary for the class of 2024 of $68,516.

      Bottom Line

      Attending Baylor University can provide you with a stellar education, backed by solid Christian values, and the Baylor acceptance rate is 51%. While your financial situation may impact your application, there are plenty of options available to help you pay for your Baylor tuition.

      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.



      SOPS0422020
      Read more

      Is 612 a Good Credit Score?


      Is 612 a Good Credit Score?

      612 credit score

      On this page:

        By Bob Haegele

        A 612 credit score is not a good score. It falls in the fair range, which is the category below what’s considered good. It is also significantly lower than the average credit score in the U.S., which is currently 717.

        Credit scores can be complex calculations with several moving parts, but the good category typically ranges from 670 to 739. With a 612 score, you may be able to access loans and lines of credit, but not with as favorable rates and terms as someone with a higher score. Read on to learn the details.

        Key Points

        •   A 612 credit score is considered fair, below the good range and the U.S. average, and may result in higher interest rates and fees when seeking credit.

        •   Secured credit cards, requiring a deposit, can aid in building credit for individuals with a 612 score.

        •   Auto loans and mortgages are available, but terms may be less favorable without a cosigner or larger down payment.

        •   Personal loans may be available with a 612 score. As credit is built, they could help consolidate high-interest debts.

        •   Building a credit score involves timely payments, reducing credit card balances, and minimizing hard credit inquiries.

        What Does a 612 Credit Score Mean?

        Typically, a 612 credit score falls in the “fair” range. Credit scores usually range from 300 to 850, so a 612 score isn’t quite at the bottom. However, it does leave much room for improvement.

        To put this into context, the typical credit score ranges according to the popular FICO® Score system are:

        •   300 to 579: Poor

        •   580 to 669: Fair

        •   670 to 739: Good

        •   740 to 799: Very good

        •   800 to 850: Excellent

        As you see, 612 sits close to the middle of the fair range. When you look at the entire credit score scale, however, you’ll see that 612 is close to a bad credit score.

        Borrowers with scores below 619 may be considered “subprime,” according to the Consumer Financial Protection Bureau, and lenders may consider them a high risk. This can lead to difficulty qualifying for new credit. You may need to show a strong and steady income, proof of employment, and minimal existing debt in this range.

        While getting approved for unsecured credit with a 612 score can be difficult, but that doesn’t mean it is impossible.

        What Else Can You Get With a 612 Credit Score?

        A 612 credit score can limit your prospects, especially if you hope to qualify for credit products with low rates and fees. That said, it doesn’t completely preclude you from qualifying for credit. Here, take a closer look at credit products that may be an option with a 612 credit score.

        Can I Get a Credit Card With a 612 Credit Score?

        Getting a credit card with a 612 credit score is possible, but your options may be limited.

        •   For instance, you may need a secured credit card. This card type generally requires putting down a deposit as your credit line. This allows you to build credit to qualify for an unsecured card later. However, it also means you must have the funds to cover your purchases in advance.

        •   You might also have some unsecured credit card options with a 612 credit score, but they might have a high annual percentage rate (APR) or fees. That can make these cards expensive to use, which can hinder your attempts to build credit. In addition, cards of this type often lack rewards, such as the ability to earn cash back.

        If you sign up for an unsecured credit card with a 612 credit score, check the interest rate and fees in advance. In addition, if the card has limited rewards, consider moving to a different card once you build your credit score.

        Can I Get an Auto Loan With a 612 Credit Score?

        Getting an auto loan with a 612 credit may be challenging, but it can often be done.

        •   It may be slightly easier if you have what your lender deems a good income and you don’t have too much existing debt. However, the interest rate might be steep, since you are still considered risky. In addition, the lender may not give you particularly good terms on the loan.

        •   If you aren’t happy with the lender’s interest rates or terms, you can use a secured credit card to build your credit before applying for an auto loan. If it can’t wait, consider adding a cosigner to your loan. However, remember that the cosigner bears full financial responsibility as well. If you struggle to make your payments on time, it’s not just your credit that may suffer — it may also hurt the cosigner’s credit. That, in turn, could impact the relationship between the two of you.

        •   Another option might be to seek an auto loan designed for those with bad credit. Again, applying for this kind of loan likely means accepting less favorable rates and terms than someone with a higher credit score. This is why it’s crucial to build your credit score before applying, if possible.

        •   If you don’t qualify for a good rate on your auto loan, one possibility is to come up with a larger down payment. This might be difficult for some borrowers, but it can increase your approval odds and reduce your monthly payment.

        Can I Get a Mortgage With a 612 Credit Score?

        Getting a mortgage with a 612 credit score is possible, but it may require some flexibility and creativity. As with other loan types, a 612 credit score will likely mean paying higher interest rates than someone with a higher score. This can significantly affect a mortgage, as a 1% difference in your interest rate can mean paying hundreds more per month.

        However, prospective homeowners may have more options than those looking for financing to buy a car, even without excellent credit.

        •   For instance, those with credit scores of 580 and up may qualify for an FHA loan with a 3.5% down payment.

        •   If your credit score is between 500 and 579, you might qualify for an FHA loan with a 10% down payment. However, you also typically must have a debt-to-income (DTI) ratio of less than 43%. This means your monthly debt payments must be less than 43% of your monthly gross income.

        •   You might qualify for a USDA loan, depending on where your prospective home is located and other factors. While most lenders like to see a credit score of 620 or 640 or higher, you may qualify for funding from some sources.

        •   If you have participated in the armed forces, you might qualify for a VA loan. This is another type of loan in which lenders typically want borrowers to have a credit score of at least 620, but you may still get approval.

        Can I Get a Personal Loan With a 612 Credit Score?

        Personal loans can be a popular way to obtain a lump sum of cash that can be used for a variety of purposes, such as paying off a major car repair bill or financing a wedding.

        Getting a personal loan with a 612 score may be possible, as lenders may approve borrowers for personal loans with scores as low as 580. They will likely consider other factors, such as your income, payment history, and DTI. For instance, with a 612 credit score, your approval odds may increase if you have a high income or a low DTI.

        You may also encounter subprime personal loan lenders who are more lenient with their credit score requirements, including those for income or DTI. However, these lenders are likely to charge higher interest rates and fees than others. Making on-time payments on any existing debts, lowering balances carried, minimizing hard credit inquiries, extending the length of your credit history, and other steps can help build your credit score and potentially qualify you for better rates and terms.

        If you are carrying high credit card balances, you might see if you can obtain debt consolidation loans as you build your score into a higher range. This can roll multiple high-interest lines of credit into one installment loan, simplifying your financial life and likely assessing a lower interest rate.

        As you consider your options, using a personal loan calculator can help you know how expensive your personal loan may ultimately be.

        Recommended: What Is a Personal Loan?

        The Takeaway

        A 612 credit score falls into the fair range, meaning it’s lower than a good rating and below the U.S. average score of 717. However, you will likely still have opportunities to access credit, such as certain mortgages, probably at higher interest rates than those who have higher scores. You can also focus on building your score to qualify for more favorable rates and terms. As you do so, you might think about paying down some debts with a personal loan.

        Think twice before turning to high-interest credit cards. Consider a SoFi personal loan instead. SoFi offers competitive fixed rates and same-day funding. See your rate in minutes.


        SoFi’s Personal Loan was named NerdWallet’s 2024 winner for Best Personal Loan overall.

        View your rate

        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.


        Disclaimer: Many factors affect your credit scores and the interest rates you may receive. SoFi is not a Credit Repair Organization as defined under federal or state law, including the Credit Repair Organizations Act. SoFi does not provide “credit repair” services or advice or assistance regarding “rebuilding” or “improving” your credit record, credit history, or credit rating. For details, see the FTC’s website .

        *Awards or rankings from NerdWallet are not indicative of future success or results. This award and its ratings are independently determined and awarded by their respective publications.

        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.


        Third Party Trademarks: Certified Financial Planner Board of Standards Center for Financial Planning, Inc. owns and licenses the certification marks CFP®, CERTIFIED FINANCIAL PLANNER®

        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.


        SOPL-Q424-041

        Read more

        Emory University Tuition and Fees


        Emory University Tuition and Fees

         Emory University Tuition and Fees

        On this page:

          By Kelly Boyer Sagert

          (Last Updated – 01/2025)

          Emory University is a four-year private research university located in Atlanta, Georgia. Degrees offered at the university range from bachelor’s to doctorates. Here’s what you need to know about the admission requirements, Emory acceptance rate, popular majors, Emory tuition, and much more.

          Total Cost of Attendance

          Emory University is known for its excellent college of liberal arts, humanities, and social science. It also has a prominent health care system with a well-regarded medical school. The university attracts significant funding that it channels into developing medical breakthroughs, including drug therapies.

          Emory University tuition and room and board for 2023-24 was:

          •  Emory tuition: $60,774, a 4.9% increase from the previous year

          •  Books and supplies: $1,250, same as the previous year

          •  On-campus/off-campus room and board: $18,972, an 11.5% increase from the previous year

          •  Other fees: $2,626, a 1% increase from the previous year

          •  Total: $83,622, a 6.1% increase from the previous year

          Financial Aid

          In 2022-23, 52% of first-time, full-time students received financial aid. More specifically:

          •  Grant or scholarship aid: 46% of students received them with an average award of $50,828

          •  Federal grants: 16% of students received them with an average award of $6,967

          •  Pell grants: 16% of students received them with an average award of $5,954

          •  Other federal grants: 8% of students received them with an average award of $2,000

          •  State/local: 11% of students received them with an average award of $6,646

          •  Institutional: 44% of students received them with an average award of $48,648

          •  Student loan aid: 12% of students received them with an average award of $10,420

          •  Federal student loans: 11% of students received them with an average award of $5,180

          •  Other: 2% of students received them with an average award of $28,084

          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 stat, 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

          In 2022-23, 2% of first-time students at Emory used 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 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

          Based on 2023-24 numbers, four years at Emory University would cost $334,488, not accounting for price increases. The university did increase total expenses by 6.1% from the previous year.

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

          Repay student loans your way.

          Find the monthly
          payment & rate that fits your budget.

          Undergraduate Tuition and Fees

          Emory University tuition and fees in 2023-24 was $60,774. The total cost of attendance was $83,622. In comparison, the average total cost of a four-year private university in 2023-24 was $60,420, making Emory 38% more costly.

          Graduate Tuition and Fees

          In 2023-24, Emory tuition for graduate students averaged $46,800, with $922 in fees, for a total of $47,722. In comparison, the average graduate student in the U.S. spends $21,730 each year on school.

          Cost per Credit Hour

          Part-time students can pay $2,642 per credit hour for the 2024-2025 term.

          In summer school, for either online or on-campus courses, the cost is $1,981 per credit hour. Summer courses are either 3, 4, or 5 hours.

          Campus Housing Expenses

          On-campus room and board for 2023-24 cost $18,972, an 11.5% increase from the previous year. Additional fees come to $2,626, a 1% increase from the previous year. Incoming first-year housing applications for 2025-2026 open on April 1. Roommate matching and priority housing selections must be made by June 1. Housing assignments are released July 15.

          In addition to a number of residence halls, additional on-campus housing options include sorority and fraternity houses, theme housing, and more.

          The university offers resources for off-campus housing. These are are some sample rent starting costs:

          •  Studio: $1,500+/mo

          •  One-bedroom: $1,600+/mo

          •  Two-bedroom: $1,870+/bedroom

          Note that apartments may require a year round lease, not just for the academic year.

          Emory University Acceptance Rate

          In fall 2023, 31,929 students applied to the university, and the Emory acceptance rate was 11%.

          Admission Requirements

          Emory University looks for students who took challenging courses in high school, noting that low test scores (if a student chooses to submit them) can be overcome with high grades. Applicants should submit personal statements and essays, and share how they will contribute to the university and community. They may also submit recommendation letters from teachers in courses where they excelled – as well as in those where they faced and overcame challenges. Extracurricular activities can also be listed.

          SAT and ACT Scores

          Emory University is test optional through fall 2025. If you’re curious about test scores previously submitted, know this: In fall 2023, 42% of applicants submitted SAT scores and 19% of them submitted ACT scores. Of those, here are the 25th and 75th percentiles:

          Subject

          25th Percentile

          75th Percentile

          SAT Evidence-Based
          Reading/Writing

          710

          760

          SAT Math

          750

          790

          ACT Composite

          32

          34

          Graduation Rate

          For students beginning in fall 2017, the graduate rate is 92%.

          Post-Graduation Median Earnings

          Median earnings for Emory graduates is $80,000. This is 16.7% higher than the average for college graduates in the U.S. of $68,516.

          Bottom Line

          Emory University offers outstanding academic programs in a number of fields, including business and medicine. Tuition is higher than the national average, and Emory acceptance is competitive, but the university offers generous institutional grants and scholarships, and graduates receive higher salaries after graduation than average.

          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.

          SOISL-Q424-015

          Read more

          Men Dig the ‘No Buy’ Trend, Too

          Avoiding alcohol or joining a gym are classic moves for January, but is 2025 the year more of us embrace a new approach to money?

          One of the New Year’s trends reportedly gaining in popularity is being dubbed ‘No Buy’ or ‘Low Buy’ and celebrates eliminating — or at least significantly cutting back — unnecessary spending.

          Scores of people have flocked to social media to share their No Buy rules, which often require using things up, preparing more meals at home, and avoiding online shopping triggers. Many have pledged to stop spending on what’s known as fast fashion (the latest celebrity styles and designer knockoffs,) new makeup, or Starbucks. Others are cutting impulse home decor shopping and trips to places like Target and T.J.Maxx.

          While the trend has so far been dominated by female social media creators, anyone can participate. One no-buyer took to Reddit to ask why he couldn’t find a single man on YouTube talking about their no-buy/low-buy plans: “It made me feel quite alone so I thought I would ask here. Am I just a very odd guy with an online shopping problem?”

          No, Reddit guy, you are not. Although plenty of the online posts focus on spending categories associated with the female wallet, the purpose of the trend is to promote more intentional spending — and that’s a goal that spans genders. TikTok user Jared pledged to avoid using buy-now-pay-later apps after he racked up too much debt. Stephen took to the platform vowing to use up the food in his deep freezer and curtail DoorDash orders.

          (The movement has gained particular momentum on TikTok, but if TikTok is forced to go dark in the U.S., those hopeful no-buyers can always turn to Reddit or Instagram, or even pick up a good old-fashioned book for moral support.)

          So what? Anybody can adopt a No Buy attitude, whether they feel like they have a spending “problem” or not. The goal isn’t just to stop shopping on the categories social media has determined aren’t worth your money. It’s to exercise self-restraint and take control of your finances in whatever way aligns with your values. You make the rules, so make it work for you.

          Related Reading

          •   We Have Enough Stuff. No-Buy 2025 Offers Other Ways to Fill the Void. (Washington Post via Yahoo)

          •   The Ultimate Guide to a No-Buy Year (Becoming Minimalist)

          •   Needs vs Wants: Knowing the Difference for Budgeting (SoFi)


          photo credit: iStock/anyaberkut

          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.

          OTM20250117SW

          Read more
          TLS 1.2 Encrypted
          Equal Housing Lender