SoFi Blog

There’s no sugar coating the current state of student loan debt. It is grim, especially when you read the numbers: Over 44 million Americans hold nearly $1.5 trillion in student debt. Much of the people who owe this debt are
millennials .

The millennial generation is constantly facing backlash, whether it is about the amount of student debt they owe or their “frivolous” spending habits on things like $5 coffees and avocado toast. However, maybe it is possible to have your avo toast and pay off your debt, too.

We wanted to find out how millennials really felt about the stereotypes against them and what they think about their student loan debt, so we polled over 1,000 millennials (ages 22-35)¹ across the U.S. to get their opinions and found some surprising statistics.

On September 5th, people around the globe will be celebrating the International Day of Charity. The United
Nations established the annual event in 2012 to encourage nonprofits and individuals around the world to volunteer and contribute to philanthropic causes.

The date was chosen to honor the death of Mother Teresa, the nun and Nobel Peace Prize winner known for her work with the poor and ill in India and other countries. She died in 1997 at the age of 87.

You don’t necessarily have to dedicate your entire life to good works, as Mother Teresa did, to make a difference. The International Day of Charity 2019 can be the perfect time to give back in whatever way works for you.

Research shows that volunteering is good for you, improving mental and physical health, self-esteem, and happiness. Studies even suggest that it can alleviate depression and help you live longer.

There’s no place like home. It’s a haven from the hectic outside world, a place to relax, spend time with your loved ones, and truly enjoy yourself.

But finding a house that offers all the creature comforts your heart desires is easier said than done. It’s easy to get distracted, wistfully imagining relaxed Sunday mornings in the breakfast nook or making your home-grown produce dreams a reality. But, to get to that reality, you might have to put in some legwork.

The process required to find your dream home can be intimidating. It’s not just deciding what you want in a home—there’s a whole journey involved. Navigating the ins and outs of real estate and mortgages can be tricky, but with a little planning it’s possible.

Read on for a few ideas on how to find the house of your dreams.

If you’ve spent any time lately reading about the financial issues affecting young adults, you may have come across news reports about the need to increase “financial literacy.”

Turns out, even the best and brightest college students and recent graduates aren’t necessarily skilled at managing their money—and they aren’t being provided with much education regarding basic financial concepts.

Fall is approaching, and that means two things: fall leaves and the sounds of thousands of harried parents navigating increasingly long back-to-school lists. From pencils and notebooks to new school uniforms, your shopping list might be a mile long. For some parents, this back-to-school season will be the first time their kid heads off to school with a new cell phone in their backpack.

If grabbing your child their first cell phone is on your back-to-school to-do list, there are some important things to consider before handing over a tricked-out smartphone to someone whose brain might not be fully developed yet. Deciding to get a cell phone for your child is a personal decision. Here’s what to know when it comes to making that decision.