SoFi Blog

[Updated 4/19/19 to include our full statement: Like any other investment advisor, we make changes regularly to the composition and allocation of our members’ portfolios in relation to their investment objectives and risk tolerance. SoFi Select 500 and SoFi Next 500 provide comparable access to market segments at far lower expense ratios than those of other funds, as we have waived all management and trading fees. We notified our members in a timely fashion in accordance with regulations, and will continue to address individual member questions.]

SoFi is always searching for innovative ways to help our members get their money right. After some hard work and planning, we are excited to announce the latest addition to our suite of Automated and Active Invest product portfolios—SoFi ETFs (exchange-traded funds).

We constructed these ETFs specifically with SoFi members in mind. They’re intelligently designed, diversified, and appropriate for both beginner investors and those who are well on their way to achieving their investment goals.

Investing is weird, right? Well, it is until you try it with SoFi. That’s why, earlier today, we launched two new ETFs (aka exchange traded funds) called the SoFi Select 500 ETF (NYSE: SFY) and SoFi Next 500 ETF (NYSE: SFYX). Maybe you’re an investing pro and know all about ETFs. If you are, then skip this next sentence: ETFs are funds that track a stock index or basket of assets – they trade like stocks on an exchange, with prices changing as they are bought and sold.

With an expense ratio of zero for both SFY and SFYX for at least a year¹ (yes – ZERO fee), these funds are designed with your needs and preferences in mind. We don’t think you should pay money to make money. And we know getting started is the greatest barrier to entry when it comes to investing, so we wanted to make this as accessible as possible.

Working during grad school can seem like an impossible task. While it would be nice to be able to solely focus on our studies, not working isn’t a viable option for many of us. Between work, classes, homework, studying, and other daily responsibilities, you’ll likely find your free time dwindling.

If you’re interested in attending graduate school, but the thought of adding even more to your full plate seems daunting, there are options you can explore. It may seem impossible, but with some diligence, working full time and getting your graduate degree can potentially work out for you.

Here are some key tips to help balance work and school without losing your sanity.

After weeks of unseasonably rainy weather, the worst has happened and your roof has sprung a leak. The water has already started to cause damage to the house and you’re beginning to worry about how you’re going to pay for all of the repairs.

You could use your emergency fund, but you’re worried it’s not going to be enough. If you find yourself in a situation where you need cash, a personal loan could allow you to secure the financing you need.

Unlike other loans such as a mortgage, which is used specifically to pay for a house, you can take out a personal loan for almost any reason. Want to boost your wedding budget, or finally start that home renovation? A personal loan could help you pay for your short-term projects that require financial capital.

Today, we officially announced the availability of SoFi Private Student Loans – no fees, competitive rates, flexible repayment options, and a mobile-first experience. We’ve helped over 250,000 grads, including some of you reading this very post, refinance their student debt. So, we thought it was high time to expand our offering and to bring the same trusted and easy experience to a broader audience.

The traditional student loan application process is daunting. We’ve taken everything we’ve learned making lending convenient and painless and brought those solutions to younger consumers and their parents through SoFi Private Student Loans.