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Tips and news—
for your financial moves.

Jul
15
2024

Personal Loans $200 Welcome Bonus | SoFi

By | Uncategorized | Comments Off on Personal Loans $200 Welcome Bonus | SoFi

Personal Loans

Low rates. No fees required.

Get a $200* special bonus when you sign up.

Offer ends 12/31/2024


View your rate

Checking your rate will not affect your credit score.

  • Low fixed rates

    Consolidate high-interest debt with a low fixed-rate personal loan and you could save big.

  • No fees required

    No origination fees required, no prepayment penalty fees, and no late fees whatsoever.

  • Fast funding

    Borrow $5K–$100K and receive funds fast. Your funds could be available as soon as the same day you sign.1

  • Apply online

    Our online application process is quick and easy. View your rate in just 60 seconds to get started.



Easily apply for a personal loan online in 3 steps.

  1. Prequalify

    Find the rate that you qualify for in 60 seconds with no commitment.

  2. Choose your loan terms

    Choose from 2-7 year terms and finish your application online.

  3. Receive your funds

    Sign your documents and funds will be wired to your account—as soon as the same day.1


View your rate

Checking your rate will not affect your credit score.

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Our members have paid off more than $26B
in high-interest debt.


The savings and experiences of members herein may not be representative of the experiences of all members.
Savings are not guaranteed and will vary based on your unique situation and other factors.

2Fixed rates from 8.74% APR to 35.49% APR reflect the 0.25% autopay interest rate discount and a 0.25% direct deposit interest rate discount. SoFi rate ranges are current as of 12/16/25 and are subject to change without notice. The average of SoFi Personal Loans funded in 2022 was around $30K. Not all applicants qualify for the lowest rate. Lowest rates reserved for the most creditworthy borrowers. Your actual rate will be within the range of rates listed and will depend on the term you select, evaluation of your creditworthiness, income, and a variety of other factors.

Loan amounts range from $5,000– $100,000. The APR is the cost of credit as a yearly rate and reflects both your interest rate and an origination fee of 0%-7%, which will be deducted from any loan proceeds you receive.

PERSONAL LOAN INTEREST RATES AND FEES | ELIGIBILITY AND IMPORTANT DETAILS. Annual percentage rates (APRs) shown include the 0.25% autopay discount. If approved for a loan, the rates and terms offered will depend on things like creditworthiness, the length of the loan, and other factors, and will fall within the range of rates available by applicable loan term; check out our full APR examples and terms. Remember, not all applicants will qualify for the lowest rate. Want to learn more? See our eligibility criteria at SoFi.com/eligibility-criteria. SoFi reserves the right to change interest rates at any time without notice, changes would only apply to applications begun after the effective date of the change. Fixed Rates: Fixed rates range from 8.74% APR to 35.49% APR (with autopay). The SoFi 0.25% autopay interest rate reduction requires you to agree to make your scheduled monthly payments by an automatic monthly deduction (ACH) from a savings or checking account. Enrolling in autopay is not required to receive a loan from SoFi. Loan Terms: SoFi Personal Loans offer loans with a period of repayment between 2 and 7-year terms. Loan Fees: SoFi personal loans have no fees required; specifically, no origination fees required, no late fees, no prepayment penalties.

PERSONAL LOAN | REPAYMENT EXAMPLE. The following example depicts the APR, monthly payment and total payments during the life of a $30,000 personal loan with a 2-year repayment term, a 0.25% autopay discount, and a fixed rate between 8.74% APR to 35.49% APR. It works out to 24 monthly payments ranging from $1,356.68–$1,529.07 for a total amount of payments ranging from $32,560.37–$36,697.76. This repayment example assumes that the borrower is signed up for autopay and that all payments are made on time, with no pre-payments. Actual rates may vary based on repayment term, loan amount, creditworthiness, and other terms and conditions. SoFi does not offer variable rate personal loans. State restrictions may apply.


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Jul
11
2024

SoFi At Work Employer Contributions

By | 1_Web_AtWork | Comments Off on SoFi At Work Employer Contributions

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You can be a champion for your debt-stressed employees.

Over 43 million Americans are saddled with student loan debt. Surprisingly, employees with the heaviest student debt are 64% more likely to be looking to leave their current employer.1 How can you be the company they stay with? We have some good news—we’re great at helping employees overcome debt stress and find greater financial freedom.


Let’s talk

1Hayes, Mary, Ph.D., “Employers and student debt.” ADP Research Institute, 14 November 2023,
https://www.adpri.org/employers-and-student-debt/

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Looking for your SoFi at Work
benefits or discounts?

Visit your employer’s or association’s
SoFi at Work Portal.

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Looking for your SoFi at Work
benefits or discounts?

Visit your employer’s or association’s
SoFi at Work Portal.

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You can help pay your employees’ student debt.

In a recent survey, 86% of employees said they’re stressed about their finances, while a third of them don’t recall their employer even mentioning financial well-being as a priority.1 You can be one of the stand-out companies that makes a positive difference in their lives. By doing this, you can become a company that employees not only flock to—but also stay with.


Learn more

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Here’s how it works.

You can provide up to $5,250 in double tax-exempt student loan contributions every year through 2025.‡ And double-tax exempt means that neither you nor the employee has to pay tax on these contributions.

Here’s how it works.

You can provide up to $5,250 in double tax-exempt student loan contributions every year through 2025.‡ And double-tax exempt means that neither you nor the employee has to pay tax on these contributions.

  • Easy program launch

    We’ve made it super easy for you to implement—from plan design to reporting, we’ve got you covered.


  • Turnkey Setup

    Just let us know who’s eligible, your contribution amount, and frequency. SoFi at Work will take care of the rest.


  • Low cost

    Our contribution platform is a seamless and affordable solution so you can deliver student loan funds to your employees.


  • The SoFi at Work Portal

    Employees can access valuable resources and tools to help them achieve their financial ambitions.

1“The Future of Workplace Financial Well-being: 2024 Employer and Employee Perspectives.” SoFi at Work, 2024, https://www2.sofiatwork.com/2024FutureofWorkplaceFinancialWellbeing/

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How SoFi at Work can help.

We can help empower your employees’ financial lives—past, present, and future. Here’s how.


See benefits

Student loan repayment

Employees can enroll in your organization’s repayment program, whether the loan is with SoFi or another provider.

Tuition reimbursement

Your employees can access relevant plan documents and initiate education expense approval processes.

529 college savings

Employees can use our 529 Savings and Selection Tool to choose a tax-advantaged college savings plan. Contributions to a 529 plan
involve investment risk.

Student loan verification

If employees are paying their loans, you can use allocated funds for defined contribution plans to help them save for retirement.


See benefits


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Design a program that works for your business. 

We’ll help you with all the customization you desire. Determine employee eligibility and offer student loan contributions to your entire workforce or a specific group. Decide the amount you want
to give—from $25 to $250,000+ and everywhere in between. Your contribution schedule is flexible, too—you can make it monthly, quarterly, or annually—and it can be a constant amount or tiered based on tenure.


Learn more


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FAQs


What is the contribution tax benefit
The new legislation modified educational assistance to include student loan payments by employers. Employers can now include loan payments along with other educational assistance that is subject to the $5,250 exclusion from employee’s income. Employers can deduct this amount, just like they were allowed to before—the only change is that loan payments can now be included. Tuition assistance and student loan payments should now be combined for purposes of calculating the $5,250 limit. If assistance exceeds the limit resulting in taxable income to the employee, the employer can deduct both the $5,250 excluded from wages and any excess that is included in wages.


Is the non-taxable amount of $5,250 in addition to the existing limit for tuition reimbursement?
No, not in addition. Employers can offer as much “educational assistance” as they wish, but only up to $5,250 per year can be excluded from an employee’s taxable income. This $5,250 total includes student loan contributions and traditional tuition assistance.

What’s changed for employees?
The Consolidated Appropriations Act, 2021 extended the CARES treatment of payments of student loan principal and interest by an employer to either an employee or a lender is not taxable to the employee if paid through December 31, 2025.† The maximum tax-free amount is $5,250 per employee [maximum total allowed under Sec. 127] per year.


See more FAQs

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Discover how SoFi at Work can help support you and your employees.

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Discover how SoFi at Work can help support you and your employees.

Stand out with financial well-being benefits.

Every employee—and every company—has different needs. The SoFi at Work suite of benefits helps cover every major life stage and can be customized just for you and your employees. From managing student loan debt to planning for retirement, and everything in between, we have a solution and the team to put your plan in place.


Learn more

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Jul
10
2024

Scholarship Search – College Scholarships Finder | SoFi

By | 1_Web_ISL | Comments Off on Scholarship Search – College Scholarships Finder | SoFi


Scholarship Search Tool

Lightening your college costs is great, but how do you know what’s available to you? There are countless scholarships, fellowships, grants, and more up for grabs. Streamline it all with the Scholarship Search tool and save your college stress for tests (and dorm drama).

How to Use the Scholarship Finder Tool

Using SoFi’s scholarship search can help you find scholarships that fit your profile. You can search by 10 filters, including a specific keyword, school type, area of study, and more which can help you narrow down scholarships that may fit your background or strengths.

For each scholarship, you can see details, including the number of awards available, the deadline to apply, and a link where you can learn more.

How to Use the Scholarship Finder Tool Filters

Using filters on SoFi’s scholarship search tool will help you find scholarships that are a good match for you. The more fields you fill out, the more defined your results will be.

Certain fields are additive, which means you’ll find scholarships that fit either of those criteria. If you choose “nursing” as your field of study, for example, you’ll find more than 275 potential scholarships. And if you add “any military service” as an additional filter, there are over 400 results.

Recommended: Important College Application Deadlines

As you pursue your college scholarship search, use the filters to surface a wide range of opportunities. The more scholarships you end up applying to, the greater your chances of success. Here are some of the filters to explore.


Keyword

Keywords can be valuable for honing in on scholarships that may be specific to an area of interest or talent that doesn’t appear on other filters. Search “community service,” for example, and 191 opportunities come up. There are scholarships for moms, for those who are the first in their family to attend college, and more. Exploring with different keywords and filters can help you get a sense of what types of opportunities are out there.



Field of Study

There are over a hundred field of study filters that you can use to find scholarships that are related to your major or to a major you’re considering. From journalism and law to nursing or civil engineering, there are related scholarships to consider.



Success Rate

Success rate shows the percentage of applicants who are awarded a scholarship. That means that scholarships with a lower success rate percentage may be very competitive. So as with creating your college application list, you’ll want to consider a mix of scholarships when you apply — some that are more of a challenging “reach,” as well as others that are less competitive.

Recommended: 5 Ways to Start Preparing For College



All Filters

There are filters for religion and military service as well. Exploring all of the filters with some of the ways you categorize yourself can help you create a more personalized list of scholarships.



State

There are a range of state scholarships that are earmarked for residents of a certain state, or for students who go to college there. It’s worth searching both the state that you reside in and also, depending on where you are in your college process, exploring scholarships in states where you’re applying to schools. Be sure to understand any residency requirements before you apply.



School Type

You can also search scholarships that can help pay for tuition and educational expenses at the specific type of program you’re hoping to attend — four-year schools, two-year colleges, as well as tech or trade schools. It can be helpful to select the type of school along with another filter, such as area of study or ethnicity.


Ethnicity

There are many scholarships designed for people of certain ethnicities, heritages, and backgrounds. Filtering for ethnicity can help surface a range of potential scholarships that you might not have known about. Keep in mind, ethnicity can refer to the background and heritage of your parents or grandparents, too. You can learn more about the requirements on the scholarship’s website.

Recommended: FAFSA 101: How to Complete the FAFSA

Your Scholarship Search Results: Next Steps

Once you have a list of scholarships, you can determine which ones are the best fit by learning more from the links in the scholarship finder tool. The earlier you start your research, the more time you’ll have to apply ahead of the deadlines. Junior year of high school can be a good time to start looking.

Be sure to check the eligibility requirements and assemble all of the requested materials. Your school’s college counseling office or local community center may be able to offer guidance on applying for scholarships, as well as provide tips on how to strengthen your application.

If you’re awarded a scholarship, you’ll need to report any awards over $300 to your school’s financial aid office. They may adjust the amount of need-based financial aid that you receive. (If you don’t share this information, you may be responsible for paying back what’s called an “overaward.”)

If you’re not awarded a scholarship, keep trying: You can continue to apply for new scholarships throughout your academic career in college.

Overwhelmed by all the college choices?

There are so many colleges! Where do you even begin? The College Search tool is here to help make your choices more digestible.


Find your college

Scholarship Search FAQ


What kinds of scholarships are available?
There are thousands of scholarships available awarded on a range of achievements in academics, athletics, or the arts. They can also be tied to extracurricular activities, community involvement, or personal background, such as your identity, religion, heritage, or state residency. The amount of a scholarship may be a few hundred dollars to several thousand.


How do I find scholarships?

A scholarship finder, like SoFi’s scholarship search tool, can help you find scholarships that are a good fit for you. It takes time and effort to apply for scholarships — and you’ll want to apply to as many as you can to increase the odds of winning one — but if you win an award, the free money for college will be worth it.



When do I apply for scholarships?

The deadlines for scholarships vary, so it’s helpful to start early. Junior year of high school can be a good time to start your research. You can sort by deadline date in SoFi’s scholarship finder tool to help you stay on top of applications.

How do I apply for scholarships?

Each scholarship will have its own application requirements, but you may be able to use some of the same materials for multiple applications. Seek out guidance for applying from your high school’s college guidance office or your local community center.



How do I get my scholarship money?

If you win a scholarship, how you receive the award may vary. The organization granting the scholarship may send the money directly to you, or it may be sent to your school to cover educational expenses, such as tuition. You should receive information about how you’ll receive your award when you learn that you’ve won a scholarship.



How does a scholarship affect my other student aid?

You’ll need to report any scholarship awards over $300 to your school’s financial aid office, and the amount of need-based financial aid you receive may be adjusted. If you don’t report it, you may be responsible for paying back the “overaward.”

To help with your search









Learn the federal aid ropes with SoFi’s FAFSA® Guide.


Learn more


SoFi Private Student Loans keep the focus on your education with low rates, flexible terms, and zero fees.


View your rate


(without impacting your credit score)✝︎


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SoFi Daily

Stay up to date on the latest business news and stock market happenings.

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Terms and Conditions Apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. To qualify, a borrower must be a U.S. citizen or other eligible status and meet SoFi's underwriting requirements. Not all borrowers receive the lowest rate. Lowest rates reserved for the most creditworthy borrowers. If approved, your actual rate will be within the range of rates listed above and will depend on a variety of factors, including term of loan, evaluation of your creditworthiness, years of professional experience, income, and a variety of other factors. Rates and Terms are subject to change at anytime without notice and are subject to state restrictions. SoFi refinance loans are private loans and do not have the same repayment options that the federal loan program offers, or may become available, such as Income Based Repayment or Income Contingent Repayment or PAYE. Licensed by the Department of Financial Protection and Innovation under the California Financing Law License No. 6054612. SoFi loans are originated by SoFi Lending Corp. or an affiliate, NMLS # 696891. (www.nmlsconsumeraccess.org)

✝︎ To check the rates and terms you qualify for, SoFi conducts a soft credit pull that will not affect your credit score. However, if you choose a product and continue your application, we will request your full credit report from one or more consumer reporting agencies, which is considered a hard credit pull and may affect your credit.

INVESTMENTS: NOT FDIC INSURED • HAVE NO GUARANTEE • MAY LOSE VALUE. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. The SoFi Wealth platform is operated and maintained by SoFi Wealth LLC, an SEC Registered Investment Advisor. Brokerage services are provided to clients of SoFi Wealth LLC by SoFi Securities LLC, an affiliated broker-dealer registered with the Securities and Exchange Commission and a member of FINRA /SIPC . Clearing and custody of all securities are provided by APEX Clearing Corporation. For more information, please see SoFi Wealth LLC’s Form ADV Part 2 by clicking here for SoFi's Wealth Form ADV Part 2 A&B or by visiting www.adviserinfo.sec.gov .
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