Oct
27
2021
Consumers Embrace a Hybrid Approach to Fitness
In the late stages of the pandemic, customers are embracing hybrid fitness. But some companies’ stock prices don’t reflect this.
Read more
SoFi Blog
Tips and news—
for your financial moves.
Oct
27
2021
Flush With Cash, Big Banks Still Issue Record Debt
Big banks including Goldman, Morgan Stanley, and Bank of America issued $314 billion in debt in 2021, despite being flush with cash.
Read moreOct
27
2021
Verizon, Amazon to Bring Broadband Internet to Rural America
Verizon is tapping Amazon’s network of 3,200 satellites to increase access to broadband internet.
Read moreOct
26
2021
SoFi at Work Veterans
Empower veteran employees with custom financial well-being programs.
Veterans’ financial needs can be unique. We’ve designed a helpful guide that addresses those needs so you can tailor a financial well-being program that supports them.
Download guide
What you need to know:
-
Filling in the education cost gap.
Education costs have outpaced the support of programs like the GI Bill and the SCRA Interest Cap, resulting in the need for student loans.
-
Veteran borrowers have options.
Refinancing loans that don’t qualify for federal loan benefits can help veteran borrowers get ahead of their debt while interest rates are low.
-
Attract and retain veteran talent.
When organizations design a well-thought-out veteran EVP, it leads to better talent and business outcomes.
-
SoFi at Work can help.
Our contribution platform provides a low-cost way to deliver funds toward your employees’ student debt, plus other financial well-being benefits.
How SoFi at Work can help.
SoFi at Work can help empower your veteran employees to take control of their financial lives. Here’s how:
-
SoFi Student Loan
Refinancing† benefitsEmployees can refi their federal student loans with SoFi to lock in a lower rate that could save them thousands.
-
Student loan support
Financial planners and a dedicated student loan support team are available to help employees.
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Resources and tools
Employees can access timely information, in-depth guides, and interactive tools to help them take control of their debt.
-
Exclusive perks
Empower your employees with rate discounts on loans, cash bonuses, and more.
See benefits
Learn more about veteran financial well-being.
Here are some resources that address veteran financial well-being and what it means for you and your employees.
Let’s work together.
Want to learn more about SoFi at Work? Let’s talk!
Let’s work together.
Want to learn more about SoFi at Work? Let’s talk!
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
FAQs
Recent 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.
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.
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 all FAQs
Oct
26
2021
Los Angeles Mortgage | SoFi
Buying or refinancing
a home in Los Angeles
just got more rewarding.
Other L.A. lenders just can’t reward you like this. Not only did we just drop our 30 year rates in California – you’ll also get a $1,000 bonus deposited in SoFi Money® when you fund a home loan or refinance. And give yourself one less thing to stress about before the holidays. Offer ends 1/14/22.*
View mortgage rate
View refinance rate
Viewing your rate will not affect your credit score.†
Get more from
your home loan.
Lower rates exclusively for California.
Get your dream home at a great rate — check out our new lower 30 year rate for California mortgages.
Exclusive $1,000 cash rewards.
Close a home loan with SoFi and you could get a $1,000 bonus deposited in SoFi Money® when you fund a home loan or refinance. And give yourself one less thing to stress about before the holidays. Offer ends 1/14/22.*
VIP Access to SoFi Stadium.
As a SoFi Member, get express entry to SoFi Stadium and exclusive access to our member lounge.
Help when you need it.
Our loan officers (MLOs) can guide you through the process—and we have member specialists standing by to answer any other questions.
“Austin and his team were awesome and easy to work with! Great communication and follow up. Kept us in the loop every step of the way! I would go back to Austin without question.”
“Keith and his team did an outstanding job from day 1. They went above and beyond to facilitate on time closing and funding of our mortgage. The rates we received could not be matched by any other lender.”
“Mark and his team worked very closely with us to make sure that we were comfortable with the process, understood the expectations, timeline and overall schedule.”
300+ Reviews
Where we lend:
SoFi Lending Corp. or an affiliate
SoFi loans are originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), and through SoFi Lending Corp. NMLS #1121636, a lender licensed by states. SoFi Lending Corp. or an affiliate is licensed to originate mortgages in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Jersey, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, and Wyoming. For information on SoFi Lending Corp. licenses, see Licenses.
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SoFi loans are originated through SoFi Bank, N.A., NMLS #696891 (Member FDIC), and through SoFi Lending Corp. NMLS #1121636, a lender licensed by states. SoFi Lending Corp. or an affiliate is licensed to originate mortgages in Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Montana, Nebraska, Nevada, New Jersey, New Hampshire, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington, D.C., West Virginia, Wisconsin, and Wyoming. For information on SoFi Lending Corp. licenses, see Licenses.
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