Mar
03
2017
SoFi Blog
Tips and news—
for your financial moves.
Mar
01
2017
Millennials Are Seeking Prenups—and It Might Just Be Worth Considering
It’s not exactly news that millennials are marrying later than the generations before them. But to give you a sense of just how differently they approach the tradition from their parents, in 1962, nearly 60% of 18- to 30-year-olds were married. Today, just 20% of people in that same age range have tied the knot. As such, they’re older than their predecessors were, too—whereas the average woman in the ’70s was barely 20 when she walked up the aisle, today she’s over 27.
Waiting to be more mature and financially stable before marrying is not a bad thing, and could help to explain another trend on the rise among this age group. Before saying, “I do,” millennials are asking for prenups, in larger numbers than before. In fact, just over 50% of matrimonial lawyers attest that the number of millennials requesting prenuptial agreements is on the rise.
Read moreFeb
24
2017
Personal Loan – DR – Dynamic Landing Page Headlines Test – home equity loan
Personal loans: like a home equity loan, but faster.
Are you paying more than 10% interest on your credit cards? A SoFi Personal Loan could help you save thousands. With low rates and a fixed monthly payment, you can pay off high interest debt, like credit cards, or make a major purchase. It only takes minutes to apply.
Fixed rates start at (with Autopay)5
8.74% APR
No origination fees in most states, no prepayment penalties.
So Easy
Find Your Rate
Get pre-qualified online with no hidden fees and no obligation.
Select Your Loan & Apply
Choose the loan that works for you and complete your application.
Sign electronically and receive your funds
Sign your documents and funds are deposited to your account.
Payment Examples
Fixed Rate Loans
| Term | Origination Fee |
Rate (APR) |
No. of Payments |
Monthly Payment |
Total Payments |
|---|---|---|---|---|---|
| 2 Years | None | 8.74% – 35.49% | 24 | $1,366.97 – $1,763.32 | $32,807.19 – $42,319.74 |
| 3 Years | None | 10.08% – 35.49% | 36 | $969.14 – $1,365.41 | $34,889.14 – $49,154.90 |
| 4 Years | None | 10.93% – 35.49% | 48 | $774.35 – $1,178.04 | $37,168.62 – $56,545.80 |
| 5 Years | None | 12.16% – 35.49% | 60 | $669.76 – $1,074.14 | $40,185.69 – $64,448.26 |
| 6 Years | None | 13.16% – 35.49% | 72 | $604.76 – $1,011.27 | $43,542.68 – $72,811.45 |
| 7 Years | None | 13.49% – 35.49% | 84 | $553.78 – $971.20 | $46,517.72 – $81,581.10 |
Questions? Call us for a free consultation at 855-456-7634
Feb
17
2017
How The World’s Top 5 Nations in Education Handle Student Loan Debt
Concerns about the rising cost of college in the United States—and the $1.4 trillion in student loan debt nationwide—are alive and well.
And they’ve prompted a lot of discussion about the different ways our educational peers nearby, across the pond, and beyond handle student loan repayment programs. When it comes to tuition costs and paying off student loans, the American system is unique—and not for all the reasons you might think.
It turns out that cheap or even free tuition doesn’t mean the end of student loans. Student loans are common even in countries with free tuition, because no matter where you go to college, you have to live somewhere and, of course, eat.
Sweden gets a lot of attention because tuition there is free. Still, Swedish students borrow money for college just as frequently as Americans do—and about 70% of students in both countries have student loans. But Swedish students graduate with about $20,000 in debt, compared to about $30,000 for American graduates.
To explore how the rest of the world pays for learning, we looked at the most recent QS World University Rankings. Thirty-two of the top 100 schools are in the U.S. Another 32 are found in just four countries: the United Kingdom, Germany, Australia, and Canada. Below, we compare the way higher education is financed in all five nations, in descending rank order.
Read moreFeb
09
2017
5 Ways To Tell If the Person You’re Dating Is a Good “Money Match”
It’s not exactly the most fun thing to sit down and figure out whether the person you’re dating is on the same page as you financially—in fact, you could practically call it a buzzkill. But if you’re serious about one another, talking about credit scores, budgets, and debt is not something you should put off, because one money mistake can be all it takes to get you into serious and immediate financial trouble.
It’s hard enough to budget and track your own spending and saving habits, but when your dreams are shared and depend on the equal due diligence of another person, you have even less control over how quickly you get there. So you’ll want to find out sooner rather than later if you align on how you handle your money, before it potentially becomes an issue.
Here are five tips to help you determine whether you and your partner are a good “money match.”
Stay up to date on the latest business news and stock market happenings.
In our latest SoFi member spotlight, we celebrate Dentist’s Day by spotlighting member Ashley Abaie. Ashley provides reduced cost dental care to the Native American, underserved, and homeless populations of the Phoenix area.
After withdrawing from her first college she spent years traveling the world, and as a result discovered a passion for healthcare and service. She returned to the U.S., earned a degree in international public health, and then went to dental school.
Ashley spoke with us about how she’s tending to her undergraduate loans, paying off her dental student debt through service, and finding the right work/life balance for her and her young son. Her story drives home how finding the right career can take a lot of soul searching and travel to see how other people live.