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Tulane University Tuition Costs and Fees


Tulane University Tuition and Fees

Tulane University Tuition

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    By Susan Guillory

    (Last Updated – 02/2025)

    It may be located in the party capital of New Orleans, but Tulane University provides a serious education. Tulane ranks among the top 2% of U.S. universities for research, and it’s rated as one of the best universities in the South. With small class sizes and five schools of study, Tulane has a lot to offer prospective students. Here’s an overview of Tulane tuition and other costs, as well as the Tulane acceptance rate.

    Total Cost of Attendance

    Costs for 2023-2024

    •  Tuition & Fees: $65,538

    •  Books & Supplies: $1,200

    •  Room & Board: $18,088

    •  Other Expenses: $2,620

    •  Total Cost of Attendance: $87,446

    Financial Aid

    To help cover the cost of Tulane tuition, 64% of students use one or more forms of financial aid. This may be student loans, scholarships, or grants, or a combination of these different types of aid.

    Tulane is need-blind, which means that a student’s ability (or inability) to pay for their education doesn’t impact their chances of acceptance.

    Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

    The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

    •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.

    •  Grants: Generally based on financial need, these can come from federal, state, private, or non-profit organizations.

    •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

    •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

    Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal, and school deadlines may differ.

    You can find other financial aid opportunities on databases such as:

    •  US Department of Education — Search for grants from colleges and universities by state

    •  College Scholarship Service Profile (CSS) — A global college scholarship application used by select institutions to award financial aid

    •  SoFi Scholarship Finder — Use our handy tool to streamline your search by award type, location, level of study and more.

    Recommended: Louisiana Student Loans & Scholarships

    Private Student Loans

    To help cover the cost of Tulane tuition, 23% of students got federal student loans; 3% took out private student loans, averaging $36,426.

    Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

    What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

    Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, since it generally has better rates and terms.

    If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

    Recommended: Guide to Private Student Loans

    Projected 4-Year-Degree Price

    The cost to attend Tulane University for four years, including tuition and fees, room and board, books, and other expenses, would be $349,784 (based on 2023-24 numbers). This is much higher than the national average of $241,680 for four years at a private university.

    This student loan and scholarship information may be valuable as you research schools and costs.

    Repay student loans your way.

    Find the monthly
    payment & rate that fits your budget.

    Undergraduate Tuition and Fees

    Costs for 2023-24

    Tuition & Fees

    $65,538

    Books & Supplies

    $1,200

    Total

    $66,738


    The total cost of attendance (which includes the above costs plus room and board and other expenses) for undergraduates at Tulane was $87,446 in 2023-24. This is notably higher than the average annual cost of attendance for private colleges in the U.S., which is $60,420.

    Graduate Tuition and Fees

    Costs for 2023-24

    •  Average tuition: $63,814

    •  Fees: $2,232

    Tuition and fees for graduate students at Tulane for 2023-24 averaged $66,046. This is higher than the average cost of graduate school tuition and fees in the U.S., which is $21,730 per year.

    There are graduate loans available to help with these costs.

    Cost per Credit Hour

    Students at Tulane generally need to enroll full-time and pay a flat fee for tuition and fees. Seniors who require less than 12 credits to graduate, however, may apply for part-time enrollment in their last semester and pay $2,683 per credit hour.

    Summer students can also attend the university part-time and pay per credit hour. The cost per credit hour in the summer is $1,240. There are early summer and late summer part-time sessions at Tulane.

    Certificates

    Tulane’s School of Professional Advancement offers several professional certificates for undergraduates. These include certificates in Accounting Fundamentals, Public Relations, and Digital Media & Marketing Communications. Each certificate requires 12 to 15 credits or four to five classes.

    Campus Housing Expenses

    Costs for 2023-24

    •  Food and Housing (on campus): $18,088

    •  Other Expenses: $2,620

    •  Total Estimated Living Expenses: $20,708

    Students admitted as new students (not transfer students) are required to live on campus for their first three years at Tulane. There are 15 residence halls on campus. Students also have the option of living in one of the many Residential Learning Communities: these are immersive spaces within the dorms where students live together to learn about and participate in activities centered around a theme.

    For students in their fourth year who want to move off campus, there are plenty of rental options located near the university.

    Tulane University Acceptance Rate

    Fall 2023

    Number of Applications

    Number Accepted

    Percentage Accepted

    27,936

    4,190

    15%

    The Tulane acceptance rate is just 15%. This speaks to the university’s high standards for applicants and makes the school very selective.

    Admission Requirements

    Thinking of applying to Tulane? Here are Tulane’s admissions requirements.

    Required:

    •  Application (including list of activities and personal statement)

    •  High school transcript

    •  Secondary school report

    •  School counselor recommendation

    Optional:

    •  SAT or ACT scores

    •  Portfolio or audition materials

    •  Teacher recommendations

    Here are the application deadlines:

    •  Early Decision: November 1 (with a decision given by December 15)

    •  Early Action: November 15 (with a decision given by January 10)

    •  Early Decision II: January 15 (with a decision given by February 15)

    •  Regular Decision: January 15 (with a decision given by April 1)

    SAT and ACT Scores

    Though submitting test scores is optional at Tulane, it can be helpful to know the average scores of other students who chose to submit their scores.

    Here are the standardized test scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.

    Subject

    25th Percentile

    75th Percentile

    SAT Evidence-Based
    Reading/Writing

    690

    750

    SAT Math

    700

    760

    ACT Composite

    31

    33

    ACT English

    31

    35

    ACT Math

    27

    32

    Graduation Rate

    Most Tulane students complete their degree in four years. But some students take longer. Here are the graduation rates for students who began at Tulane in 2017.

    •  4 years: 82%

    •  6 years: 89%

    Post-Graduation Median Earnings

    The median annual earnings of Tulane University graduates is $63,268. This is higher than the median earnings for all graduates of four-year colleges, which is $53,747.

    Bottom Line

    Tulane University, based in New Orleans, offers a dynamic academic experience, vibrant campus life, and a commitment to community service, deeply connected to the city’s rich culture. And while the Tulane tuition is steep, there are many financial aid opportunities available to help students manage the costs.

    SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

    View Your Rate

    SoFi Private Student Loans
    Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
    Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
    SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


    SoFi Loan Products
    SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


    External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


    Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

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    Spelman College Tuition and Fees

    Spelman College Tuition Costs and Fees


    Spelman College Tuition and Fees

    Spelman College Tuition

    On this page:

      By Susan Guillory

      (Last Updated – 02/2025)

      Spelman, a historically Black college in Atlanta, has been educating women of African descent since 1880. Many students are drawn by the Spelman College ranking: The school has been ranked the No. 1 historically Black college and university in the country by U.S. News & World Report for 18 years in a row. Here’s an overview of the Spelman College tuition, fees, housing costs, acceptance rate, and more.

      Total Cost of Attendance

      Costs for 2023-24

      The Spelman College total cost of attendance was $51,366 in 2023-24. Here’s a breakdown of those costs:

      •  Tuition & Fees: $30,058

      •  Books & Supplies: $1,500

      •  Room & Board: $16,293

      •  Other Expenses: $3,515

      •  Total Cost of Attendance: $51,366

      Financial Aid

      Nearly every student (96%) receives some form of financial aid to help with Spelman tuition and expenses, whether it’s through student loans, scholarships, grants, or a combination of these.

      For instance, around 36% of Spelman students are awarded Pell Grants, a type of federal funding for undergraduates who demonstrate exceptional financial need.

      Generally, financial aid is monetary assistance awarded to students based on personal need or merit. Students who qualify for financial aid can use it to pay for college costs like tuition, books, and living expenses.

      The federal government is the largest provider of student financial aid. However, aid can also be given by state governments, colleges and universities, private companies, and nonprofits. The different types include:

      •  Scholarships: These can be awarded by schools and other organizations based on students’ academic excellence, athletic achievement, community involvement, job experience, field of study, or financial need.

      •  Grants: Generally based on financial need, these can come from federal, state, private, or non-profit organizations.

      •  Work-study: This federal program provides qualifying students with part-time employment to earn money for expenses while in school.

      •  Federal student loans: This is money borrowed directly from the U.S. Department of Education. It comes with fixed interest rates that are typically lower than private loans.

      Colleges, universities, and state agencies use the Free Application for Federal Student Aid (FAFSA) to determine financial aid eligibility. The FAFSA can be completed online, but note that state, federal, and school deadlines may differ.

      You can find other financial aid opportunities on databases such as:

      •  US Department of Education — Search for grants from colleges and universities by state

      •  College Scholarship Service Profile (CSS) — A global college scholarship application used by select institutions to award financial aid

      •  Scholarship Search Tool

      Recommended: Georgia Student Loans & Scholarships

      Private Student Loans

      Many students take out student loans to help with Spelman tuition. For instance, 83% of students have federal student loans and 5% take out private student loans that average $30,112 per academic year.

      Private loans are funded by private organizations such as banks, online lenders, credit unions, some schools, and state-based or -affiliated organizations. While Federal student loans have interest rates that are regulated by Congress, private lenders follow a different set of regulations so their qualifications and interest rates can vary widely.

      What’s more, private loans have variable or fixed interest rates that may be higher than federal loan interest rates, which are always fixed. Private lenders may (but don’t always) require you to make payments on your loans while you are still in school, compared to federal student loans, which you don’t have to start paying back until after you graduate, leave school, or change your enrollment status to less than half-time.

      Private loans don’t have a specific application window and can be applied for on an as-needed basis. However, if you think you may need to take out a private loan, it’s a good idea to submit your FAFSA first to see what federal aid you may qualify for, since it generally has better rates and terms.

      If you’ve missed the FAFSA deadline or you’re struggling to pay for school during the year, private loans can potentially help you make your tuition payments. Just keep in mind that you will need enough lead time for your loan to process and for your lender to send money to your school.

      Recommended: Guide to Private Student Loans

      Repay student loans your way.

      Find the monthly
      payment & rate that fits your budget.

      Projected 4-Year-Degree Price

      The cost of attending college at any institution typically varies every year. Based on 2023-24 numbers, the cost to attend Spelman College for four years, including tuition and fees, room and board, books, and other expenses, would be $205,464.

      This projected four-year degree price is lower than the national average four-year cost of a private university, which is $241,680.

      This student loan and scholarship information may be valuable as you research schools and costs.

      Undergraduate Tuition and Fees

      Costs for 2023-24

      Tuition & Fees

      $30,058

      Books & Supplies

      $1,500

      Total

      $31,558

      The total cost of attendance (which includes the above costs plus room and board and other expenses) for undergraduates at Spelman College was $51,366 in 2023-24. This is notably lower than the average annual cost of attendance for private colleges in the U.S., which is $60,420.

      Cost per Credit Hour

      Full-time students registered for 12 to 20 credit hours will be charged the basic Spelman tuition each semester. Part-time students registered for less than 12 hours are charged $1,181 per credit hour. Full time students registered for more than 20 hours are charged $967 for each additional credit hour.

      Campus Housing Expenses

      Costs for 2023-24

      Expenses

      On Campus

      Off Campus

      Food & Housing

      $16,293

      $16,293

      Other Expenses

      $3,515

      $3,515

      Total Estimated Living Expenses

      $19,808

      $19,808

      At Spelman, there are 11 residence halls on campus that house approximately 1,400 students. Most of the rooms are double occupancy, but there are some singles, triples, and quads.

      For students who want to live off-campus, there are many options to choose from within walking distance of the campus.

      Spelman College Acceptance Rate

      Fall 2023

      Number of Applications

      Number Accepted

      Percentage Accepted

      10,610

      3,607

      34%

      For the fall of 2023, the Spelman acceptance rate was 34%, which is considered selective.

      Admission Requirements

      Here’s what you’ll need to submit if you plan to apply to Spelman.

      Required:

      •  Completed Common Application

      •  Personal essay

      •  Supplemental essay

      •  $40 online application fee or valid application fee waiver

      •  2 letters of recommendation (one must be from a teacher at your current school)

      •  Official high school transcript

      •  Official college transcript (if applicable)

      Optional:

      •  Official SAT/ACT scores

      The deadline for Early Decision and Early Action is November 1, with a decision given by December 31. The deadline for Regular Decision is February 1, with a decision given by May 1.

      SAT and ACT Scores

      Although standardized test scores are not required for admission to Spelman, many students do submit them. Here’s a look at the scores of students who enrolled in Fall 2023 at the 25th and 75th percentiles.

      Subject

      25th Percentile

      75th Percentile

      SAT Evidence-Based
      Reading/Writing

      550

      660

      SAT Math

      510

      610

      ACT Composite

      21

      27

      ACT English

      21

      29

      ACT Math

      18

      25

      Graduation Rate

      These are the graduation rates for Spelman College students who began attending the school full-time in the fall of 2017:

      •  4 years: 68%

      •  6 years: 76%

      Post-Graduation Median Earnings

      The median annual earnings of Spelman College graduates is $59,993. This is slightly higher than the median earnings for all graduates of four-year colleges, which is $53,747.

      Bottom Line

      With its prestigious Spelman College ranking as the No.1 historically Black college and university in the United States, Spelman offers Black women a top-notch education in liberal arts and sciences. The Spelman tuition is below the national average for private universities, and there are many financial aid options for students, which can help make it affordable to earn a degree.

      SoFi private student loans offer competitive interest rates for qualifying borrowers, flexible repayment plans, and no origination fees.

      View Your Rate

      SoFi Private Student Loans
      Please borrow responsibly. SoFi Private Student loans are not a substitute for federal loans, grants, and work-study programs. We encourage you to evaluate all your federal student aid options before you consider any private loans, including ours. Read our FAQs.
      Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).
      SoFi Bank, N.A. and its lending products are not endorsed by or directly affiliated with any college or university unless otherwise disclosed.


      SoFi Loan Products
      SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.


      Non affiliation: SoFi isn’t affiliated with any of the companies highlighted in this article.

      External Websites: The information and analysis provided through hyperlinks to third-party websites, while believed to be accurate, cannot be guaranteed by SoFi. Links are provided for informational purposes and should not be viewed as an endorsement.


      Third-Party Brand Mentions: No brands, products, or companies mentioned are affiliated with SoFi, nor do they endorse or sponsor this article. Third-party trademarks referenced herein are property of their respective owners.


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      Here’s Everything That Could Cost More With Trump’s Tariffs

      President Donald Trump is playing hardball with our nation’s largest trading partners, imposing new tariffs on Mexico, Canada and China in an effort to staunch the flow of drugs and illegal immigrants.

      Whether you approve of his motives or not, few dispute that the new tariffs — additional taxes imposed on foreign importers — could be passed on to consumers, raising prices that are already painfully high.

      Things like cars, food, gasoline, and building materials could all get more expensive, depending on how things play out. (The tariffs were set to start Feb. 4, but only the 10% tariff on Chinese imports has actually taken effect. Leaders in Mexico and Canada have managed to get a 30-day reprieve from the 25% tariffs imposed on their countries by pledging to prioritize Trump’s border control concerns.)

      The looming trade war is a fluid situation loaded with caveats, but in the meantime, your wallet hangs in the balance. So we scoured government and industry sources as well as credible news sites to come up with a comprehensive list of items that could become harder to afford:

      New HomesMore than 70% of U.S. imports of two key building materials — softwood lumber and the gypsum used for drywall — come from Canada and Mexico.

      New Cars – Not only are many cars manufactured abroad, but billions of dollars worth of the components that go into them come from Mexico, Canada and China. The tariffs could add roughly $3,000 to the sticker price of cars and trucks.

      Food – Your grocer’s produce aisles are likely stocked with avocados, tomatoes and strawberries from Mexico. In 2023, Mexico accounted for 63% of the vegetables and 47% of the fruit and nuts imported into the U.S. We also import billions of dollars worth of agricultural products from Canada, including meat and grains. And then there’s maple syrup. Canada produces 70% of the global supply.

      Liquor and Beer – The party won’t be over, but it will cost more to throw. Mexico’s Constellation Brands, which makes Modelo and Corona beer and Casa Noble tequila, could raise prices by 4.5%.

      Prescriptions – The U.S. relies heavily on pharmaceutical imports, especially for lower-cost generic prescriptions. Many drug ingredients come from China and India. Tariffs could not only raise the price of prescriptions, but deepen shortages of these drugs, industry groups warn.

      Cans and Appliances – Canada and Mexico are among this country’s largest suppliers of steel and aluminum, which means everything from food and beer packaging to appliances and equipment could get more expensive. Steel costs feed into construction and oil production too.

      GasolineCanada and Mexico supplied 71% of the crude oil that the U.S. imported in 2023. Nearly 60% was Canada alone. This means pump prices could go up with tariffs, though maybe just temporarily. (Trump’s 25% tariff order on Canada provides a partial exception to energy products — they would have a 10% duty, rather than the full 25%.)

      Electronics – China is the top supplier of electronics to the U.S. That means cellphones, computers and other gadgets could get pricier as the Chinese tariffs work their way through the supply chain. Apple assembles most of its products in China. And about four in 10 third-party sellers on Amazon reportedly source their products through China.

      So what? If Trump’s new tariffs make their way through the supply chain, many facets of life stand to get measurably more expensive. But the if-factor is huge. The president is using the tariffs as a bargaining chip in border policy negotiations, so things have and could change quickly. Both consumers and businesses should be prepared for any number of outcomes.

      Related Reading

      •   Trump’s Tariffs Are a $1.4 Trillion Gamble With the Economy and Prices (CNN)

      •   Trump Administration’s New Tariff Policy Leaves Markets Uncertain. Investors Should Focus Their Strategy on the Long Term (J.P. Morgan)

      •   Inside the Chaotic Run-Up to Trump’s Tariff U-Turn (The Wall Street Journal via MSN)


      photo credit: Image credit: Bernie Pesko/SoFi Source: Adobe Stock

      Please understand that this information provided is general in nature and shouldn’t be construed as a recommendation or solicitation of any products offered by SoFi’s affiliates and subsidiaries. In addition, this information is by no means meant to provide investment or financial advice, nor is it intended to serve as the basis for any investment decision or recommendation to buy or sell any asset. Keep in mind that investing involves risk, and past performance of an asset never guarantees future results or returns. It’s important for investors to consider their specific financial needs, goals, and risk profile before making an investment decision.

      The information and analysis provided through hyperlinks to third party websites, while believed to be accurate, cannot be guaranteed by SoFi. These links are provided for informational purposes and should not be viewed as an endorsement. No brands or products mentioned are affiliated with SoFi, nor do they endorse or sponsor this content.

      SoFi isn't recommending and is not affiliated with the brands or companies displayed. Brands displayed neither endorse or sponsor this article. Third party trademarks and service marks referenced are property of their respective owners.

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      Main IRA Refresh Test



      Individual Retirement Accounts (IRAs)

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      What is an IRA?

      An Individual Retirement Account (IRA) is a personal retirement savings account you can open online if you have earned income.

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      Traditional IRA

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      Now that you’ve chosen your account and investment style, follow these last three steps to officially open your IRA and put your money to work.

      1. Complete application online.

        Take a few minutes to provide some basic personal and financial information to set up your account securely.


      2. Fund your IRA.

        Link your bank for a one-time deposit, set up recurring contributions, or rollover funds from an existing 401(k).

      3. Start investing.

        Choose your own stocks and ETFs or select an automated, robo-advisor-managed portfolio to put your money to work.



      Open an IRA

      {/* How SoFi Can help you prepare for retirement*/}

      How SoFi can help you prepare for retirement.

      Discover the benefits of opening an IRA with SoFi and see how it can help you achieve your retirement goals.

      • A 1% match for your future. 1

        Reimagine your retirement with a 1% match on IRA contributions and 401(k) rollovers—no employer plan is necessary. Note: SEP IRAs are excluded.

      • Diverse investment options.

        Whether selecting your investment options yourself or letting us build your portfolio for you, you get access to a wide range of investment options including stocks, ETFs, alternative investments, and more.

      • Professional advice at no additional cost.

        Book a complimentary 30-min session with a SoFi Financial Planner to help get a clear understanding of your current financial situation – and build a strategy moving forward.

      • No commissions on stocks and ETFs.

        No commissions on stocks and ETFs means no extra cost to you. Other fees apply.


      • Open an IRA






        Begin rollover

        1Terms and conditions apply. Matches are made on contributions up to the annual limits. 5-year holding period required.


      Based on SoFi Members. This claim may not be representative of the experience of all other customers. | Updated: 1/26/2026

      {/* snatch a 2% IRA match with sofi plus */}

      Snatch a 2% IRA match with SoFi Plus.2


      Get more from your contributions. Act now—the offer ends 4/15/26.




      See details

      Members with Eligible Direct Deposit or Qualifying Deposits receive complimentary SoFi Plus access through 3/30/26 and are eligible for this promotion. Terms and conditions apply. Matches are made on contributions up to the annual limits.

      See where you stand for retirement.

      Use our retirement calculator to estimate what you’ll have, what you’ll need,
      and to identify any gaps so you can plan with confidence. 3

      How our retirement calculator works.

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      This calculator projects your retirement savings by considering your current balance, annual contributions, and the rate of return on your investments. This is for educational purposes and is based on hypothetical assumptions that may not reflect actual performance.

      The projected amount is in today’s dollars, meaning it reflects the purchasing power of your savings in terms of today’s cost of living, after adjusting for inflation. It also assumes those amounts are in pre-tax dollars, meaning taxes on these funds will be paid when you withdraw them in retirement.



      On track or not, maxing out your IRA unlocks the power of compound returns.

      Whether you’re on track or facing a gap based on your calculator results, consistently maxing out your IRA each year can help strengthen your long-term retirement outlook with the help of compound returns. This refers to the potential for your savings to build on themselves over time, similar to a snowball effect.

      Take this chart, for example. It shows how those returns can add up over time when you consistently contribute the annual IRA maximum, based on a hypothetical 7% annual return, which reflects the historical average of the S&P 500 Index. 4

      Calculators and guides to help you plan your retirement.

      You know you’re supposed to save for retirement, but do you know how to get started or what you’re supposed to do over time? From knowing how much to save, what to invest in, and how to manage your retirement account, our tools and resources can help you on the road to retirement.








      See more investing articles


      FAQs


      How much can I contribute to an IRA each year?

      The annual contribution limit for a traditional and Roth IRA is $7,000 for 2025 and $7,500 for 2026. Those 50 and older can contribute $8,000 in 2025 and $8,600 in 2026.

      The SEP IRA contribution limit for 2025 is 25% of an employee’s total compensation, up to $70,000. The SEP IRA contribution limit for 2026 is 25% of an employee’s total compensation, up to $72,000. Other limitations may apply.


      Are IRA contributions tax deductible?

      Traditional IRA contributions may be tax-deductible if you meet certain income requirements. Roth IRAs are not tax-deductible.

      Learn more: IRA Tax Deduction Rules


      Can I have an IRA if I have a 401(k)?

      Yes, you can have both a 401(k) and an IRA. Note that the two account types have different contribution and withdrawal rules, so be sure to understand those before opening an account.



      How do I move my 401(k) to an IRA?


      SoFi Invest offers a range of retirement accounts and 401(k) rollover options.
      We offer Traditional, Roth, and SEP IRAs, and can help with the rollover process.



      Can I have multiple IRAs?

      Yes, you can have multiple IRAs, but the total amount you contribute to all of your IRAs cannot exceed the annual IRS contribution limits.




      Is my IRA deposit or 401(k) rollover automatically invested?


      It depends. If you want your contributions or rollovers to be automatically invested and rebalanced, you have the option to open a Robo IRA where we’ll build a portfolio for you, based on your investment objectives and risk appetite.

      If you prefer to choose your investments yourself, you have the option to open an Active IRA. With an Active IRA, don’t forget to place trades to invest your IRA deposits so you don’t leave them as uninvested cash in your account.


      What are the withdrawal rules for IRAs?

      For traditional IRAs, you can make penalty-free withdrawals once you reach age 59½. Roth IRA contributions can be withdrawn at any time without tax or penalty, for any reason at any age. Investment earnings on Roth contributions can typically be withdrawn, tax-free and without penalty, once the investor reaches the age of 59½, as long as the account has been open for at least a five-year period.

      Learn more: Traditional and Roth IRA Withdrawal Rules & Penalties


      What are required minimum distributions (RMDs)?

      Required minimum distributions (RMDs) are minimum withdrawals set by the IRS that you must make when you reach a certain age. For traditional IRAs, RMDs kick in the year you turn 72 (73 if you reach age 72 after Dec. 31, 2022).


      Who can open a SoFi IRA?

      SoFi IRAs are available to anyone who is a U.S. citizen or resident who’s at least 18 years old and has a valid Social Security number.


      How much does it cost to open a SoFi IRA?

      There’s no cost to open a SoFi IRA.



      What are the fees associated with SoFi retirement accounts?

      SoFi retirement accounts don’t have any account fees. However, there may be fees associated with certain ETFs and mutual funds ranging from 0.03% to 0.40%. Other fees apply.


      How does SoFi invest my retirement savings?

      SoFi offers a variety of investment options for your retirement savings including ETFs, stocks, and more. You can choose to invest in individual investments or you can use SoFi’s automated investing service to create a diversified portfolio that’s tailored to your risk tolerance and investment goals.


      How must the rollover be completed?

      The rollover must be completed via the integrated Capitalize rollover experience within the SoFi Invest platform. To begin the rollover process, please click here.



      What is an IRA match and how does it work?


      The IRA Match is an extra 1% that SoFi adds to your IRA for making contributions and rollovers. It does not count toward your annual contribution limits. The pay-out amount for the 1% contribution match is calculated based on each settled deposit up to the annual contribution limits.

      For example, if you deposit $3,000 into your IRA, your 1% match will be $30. There is no cap or limit on the 401(k) rollover match.


      What type of IRAs are eligible for the IRA 1% match?

      Contributions into Automated IRA, Automated Roth IRA, Active IRA, and Active Roth IRA are eligible for the match promo.



      Is my 403(b) or 457(b) eligible for the match?


      Yes, as long as you completed the rollover via the SoFi platform utilizing this link, your rollover is eligible for the match.


      When will I be paid my 1% match?

      The match will be paid out within 5 business days of the transfer being settled, subject to verification of eligibility and compliance with these terms.NOTE: Your IRA Contribution Match and Rollover Match will be paid out as two separate amounts.


      Is there a holding period?

      Yes – you must keep the funds in your SoFi IRA for five years from the deposit settlement date. Early withdrawals will be subject to an early withdrawal fee. SoFi will remove a proportional amount of the bonus from the member’s account based on the breach in retention value. In the event of an ACAT transfer out, there will be an early withdrawal fee for the entire match amount. See terms for more detail.


      What if I already maxed out my annual contributions?

      SoFi will match 1% of a customer’s ACH deposits or via cash transfers from SoFi Bank accounts, up to their contribution limit. Contributions over the annual contribution limit will not be matched. Please see examples below:

      Example 1: If you have not made any contributions to your IRA for 2025 and contribute $7000 you will be matched 1% of your contribution amount, which is $70.

      Example 2: If you have already made a contribution of $2,000 to your IRA for 2025 and contribute an additional $7,000, bringing you over the annual contribution limit, you will be matched 1% of your additional contribution up to the legal limit, which would be $50 if you are below 50 years old, or $60 if you are above 50 years old.



      Is the SoFi IRA Match the same as an employer’s 401(k) match?


      The SoFi IRA Match and employer 401(k) match both offer matches on retirement investments, but they aren’t the same.

      For starters, the IRA Matches do not count toward your annual contribution limit. Also, you don’t have to work for SoFi to earn an IRA Match. In contrast, a 401(k) employer match is a contribution that an employer makes to an employee’s retirement account.

      It is possible to have both an employer 401(k) match, earn the IRA 1% Contribution Match with a SoFi IRA and rollover a 401(k) from a previous employer to a SoFi IRA to earn a 1% Rollover Match.


      Start saving for retirement your way.


      Open a SoFi IRA

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