SoFi Blog

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How to Approach Your Child’s Slipping Grades in College

Your child’s transition to college can be a time of great excitement. From the moment that he or she begins to apply to colleges, new horizons are opening up. Next come the acceptance letters, and then there’s choosing the right college for your child’s goals, moving him or her to college housing, and so forth.

Your child will likely make new friends, perhaps join clubs or other organizations, discover new interests, and so much more. But, what happens when you discover that your child’s grades are slipping?

How to deal with bad grades, of course, depends upon numerous factors, including how your child performed academically in high school, your child’s personality, reasons why grades are falling, and much more.

Fortunately, no matter why the grades are slipping (reasons may be immediately clear or they may take some investigating), this post will share helpful tips and strategies about what to do when your child gets bad grades in college.

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6 Ways to Get Back to the Financial Resolutions You Forgot About

Remember back on December 31, when you vowed this would be your year to get financially fit? How’s that working out for you, now that it’s mid-year?

If you’re like many Americans, it might not be going so great. Turns out, many folks forget or give up on their New Year’s resolutions by January 17 —and by spring, those good intentions are a tiny speck in the rearview mirror of life.

But that doesn’t mean you can’t get back on track. Financial resolutions are among the most popular each new year because we really do want to feel more secure about the future. The problem is, we tend to go too broad.

We say we’ll “save money” or “get rid of debt” or “stop spending so much.” But according to fans of the goal-setting acronym SMART (specific, measurable, achievable, relevant, and time-bound), those resolutions aren’t the most effective.

So let’s talk specifics. Here are six tips that can help you do a reset and give your old financial resolutions new meaning.

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Mortgage and Divorce: What Happens to the House?

No one plans to get divorced or separated. It’s not what a couple hopes for when they say their vows. And it’s definitely not what they envision when opening joint bank accounts, purchasing a car, getting a dog, or buying a house together.

But if a pair does end up divorcing, figuring out what will happen to joint assets like these can be confusing and painful—at a time that’s already an emotional rollercoaster.

Taking out a mortgage is the single biggest financial commitment that most married couples make. Collectively, Americans owe $9.1 trillion on their mortgages, which make up by far the largest share of consumer debt.

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Pros & Cons of Being a Resident Advisor

When you first got to college, becoming an RA may not have been on the top of your to-do list. You probably imagined yourself heading out to fun parties with your friends on a Saturday night, not doing rounds in the dorm.

Now that you’re a full-time college student, the idea of becoming a resident advisor seems slightly more appealing. Sure, you’d have to deal with some negatives, but the job does come with its perks. Before you jump into life as an RA, it’s a good idea to think through some of the benefits and downsides to determine if it’s the right decision for you. Here are a few common starting points.

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