SoFi Blog

IMPORTANT: Refinancing federal student loans with a private lender, including SoFi, would mean forfeiting access to federal programs like the FREED Veterans Act, income-driven repayment plans, and other federal loan forgiveness or loan cancellation options.

In our efforts to bring you the latest updates on things that might impact your financial life, we may occasionally enter the political fray, covering candidates, bills, laws and more. Please note: SoFi does not endorse or take official positions on any candidates and the bills they may be sponsoring or proposing. We may occasionally support legislation that we believe would be beneficial to our members, and will make sure to call it out when we do. Our reporting otherwise is for informational purposes only, and shouldn’t be construed as an endorsement.

Veterans learn a lot when they volunteer to serve in a branch of the U.S. Armed Forces. They can learn teamwork, loyalty, and discipline. Veterans might learn skills from how to run a nuclear submarine to cooking chow in a theater of war to dressing a wound in the field. And they probably learn how to make a plan and stick to it.

But what happens if they become disabled during their service? What happens if their best laid plans are thrown to the wind and they’re unable to fulfill student loan obligations as the result of an injury in the line of duty?

As of Wednesday, August 21, 2019, these vets, those with student loan debt struggling with disabilities as a result of their service, might be able to breathe a little easier.

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.

Congratulations, you did it! You walked across the stage, got your diploma, and waded the treacherous waters of meddlesome job questions from friends, family, former professors, and even your pet iguana, Izzy. Now you’ve done what once seemed impossible: You’ve landed a job offer!

When landing your dream job—or any job—it’s easy to run straight to the champagne aisle. But before you pop the bottle and buy yourself sensible slacks, you’ll want to think about your salary.

Adjusting to college dorm life can mean experiencing a lot of overwhelming sensations at once: excitement, stress, homesickness, loneliness.

But life in the dorms doesn’t have to be a total culture shock. While you are used to the comforts of living at home now, preparing for dorm life can be made much easier with these tips for how to settle in.