SoFi Blog

In our latest SoFi member spotlight, we catch up with Mavrick Goodrich to discuss the experiences that lead to his UCLA undergrad, pursuing his MBA and furthering his career as a Management Consultant. It’s a moving tale of resilience, learning and always moving forward – personally, professionally and financially. 

In this installment of our Member Spotlight series, we profile Lauren Powell, an attorney from Madison, Wisconsin, and the $150,000 grand prize winner of our #WhyISoFi member contest. She beat out 1,500 other contestants, thanks to her personal entry and creative, relentless campaigning.

In the latest of our 3 People series, we meet three women from diverse backgrounds, cities and careers, who open up about overcoming financial adversity caused by credit cards. Each person’s credit card debt was caused by a different reason, yet each used a SoFi personal loan to take control of their debt and get their finances back on track.

While relocating for a stellar career opportunity can give you great footing—and a sweeter paycheck—there’s much to consider before packing. You’ll want to feel confident that you’re uprooting to not only grow your career, but also to thrive personally.

As you factor in all that could make your nights and weekends more enjoyable, be it the number craft breweries or rock climbing walls in your potential new ‘hood, you’ll also want to look at the life/work metrics and: cost of living; safe, affordable neighborhoods; and job growth rates. After all, you’ll want to live comfortably and continue to save and invest in your future.

More Americans than ever are taking out student loans to invest in their futures. And that’s leading to…a huge amount of debt across the nation. $1.3 trillion in fact. This year alone, college grads who have their bachelor’s degrees face an average of $37,000 in student debt. And, as of July, over seven million borrowers are in default.

So how to solve it all? Let’s start at the beginning. Scroll through the visual timeline below to see the highlights and lowlights of the past 80 years in student loan history.

Rest assured, there is definitely a light at the end of the tunnel (er…timeline).