SoFi Blog

Tips and news—
for your financial moves.

What rate discounts do you offer?

The following interest rate discounts are available:

● You can get a 0.25% interest rate reduction when you sign up to make automated payments from your checking or savings account. Learn more about SoFi’s autopay discount on our repayment options and examples page.

● If you or your cosigner are an existing SoFi Member and this is your first SoFi Private Student Loan you will get an additional 0.125% interest reduction on your SoFi Private Student Loan.

● If you have taken out a private student loan with SoFi before, we’ll give you a 0.125% discount automatically when you take out your new loan.

● You and your cosigner may also be eligible for 0.125% discount on other SoFi loans such as personal loans and home loans.

Find out more about SoFi’s Member Rate Discount eligibility requirements here.

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hands wrapping a gift

5 New Baby Gifts (That Are More Useful Than Clothes)

Of course, there’s nothing wrong with giving expectant parents baby clothes (and those adorable little outfits can be so tempting to buy!). But, babies grow out of clothing quickly. Depending upon how fast they grow, you may purchase clothing that seasonally just doesn’t match with the baby’s size—and so, they never get worn.

Instead of buying the first cute outfit you see, think about a gift that might be more impactful than clothes. We’ve compiled five new baby gift ideas that are both thoughtful and practical—and go beyond the onesie.

These gifts range from those that can meet an immediate need to those that help parents to plan for their child’s future. Each of these ideas will work just as well as new baby girl gifts as they do for baby boys (and vice versa!).

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dog in a bathtub

Make Your Small Bathroom Look Bigger in 8 Easy Steps

If you feel claustrophobic whenever you enter the loo, you might be racking your brain for ideas about how to make a small bathroom look bigger. Many apartments and homes have small bathrooms—but there are often ways to make better use of the space, or to decorate it so that it doesn’t feel as cramped.

Chances are, you spend a lot of time in your bathroom. It’s likely where you start and end your day, so you want it to be a place you can relax in and enjoy. With a few small changes, you could change your bathroom from a cramped space you avoid to a sanctuary where you can decompress.

Whether you want to get creative with paint or color schemes, add some mirrors, or completely gut the space and renovate it, there are lots of ways to make a small bathroom look bigger.

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school textbooks

A Look Into Elizabeth Warren’s Free College Plan

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.



Massachusetts senator and Democratic presidential candidate Elizabeth Warren is taking charge of the heated national conversation regarding out-of-control college tuition costs. In April 2019, she released a $1.25 trillion proposal that addresses increasing college expenses and the widening student debt crisis.

“Higher education opened a million doors for me,” the senator wrote when she introduced the plan in a post on Medium . “It’s how the daughter of a janitor in a small town in Oklahoma got to become a teacher, a law school professor, a U.S. Senator, and eventually, a candidate for President of the United States. Today, it’s virtually impossible for a young person to find that kind of opportunity.”

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