SoFi Blog

Tips and news—
for your financial moves.

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Transitioning into Public Service after Law School

Did you go to law school dreaming of working in public service? Maybe you wanted to fight to protect the environment, hold corrupt corporations accountable, or defend free speech. Or perhaps you wanted to go to bat on behalf of people experiencing discrimination, persecution, or predatory behavior.

When it comes time to actually graduate with your J.D., however, figuring out how to make a public service career work can be daunting. The vast majority of your peers are embarking on high-paying jobs with corporate law firms. Meanwhile, you likely have a bunch of student loans that you’ll need to start repaying soon, which can be challenging on many public interest salaries.

Despite these downsides, about 30% of 2017 law school graduates went into public service jobs after graduation, among the highest share ever recorded. Of those, about 7% of graduates chose to work at public interest organizations. If you want to make a public service career work, there are plenty of opportunities out there.

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10 Easy Ways to Make Money in College

The beauty of college is it’s one of the only times in your life where your primary responsibility is to learn and grow. But all of this freedom to expand your horizons can come with a hefty price tag.

The average cost of tuition at a private undergraduate college during the 2018-2019 school year was $35,676. The rising cost of attending college has also caused student loan debt to skyrocket—Americans collectively owe $1.5 trillion in student loan debt .

When faced with the reality of tuition costs, room and board, books, school supplies, and other living expenses, a college student’s budget can be extremely tight. If you’ve been left wondering “how to make money as a student,” one way is to improve your personal cash flow.

Finding a side hustle that works in your busy student schedule can be a great way to combat the high cost of attending college. Here are some tips on how to earn money in college, without taking too much time away from your studies and social life.

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5 FAFSA Considerations To Think About

If you think you’ll need to apply for federal student loans to pay for your college education, filling out the Free Application for Federal Student Aid (FAFSA®) is mandatory. Filling it out is relatively straightforward, and doing so may successfully qualify you for multiple types of federal funding. But, you may find yourself needing some guidance in filling it out, and that’s perfectly normal.

To find assistance, check to see if a local high school or community college is offering a financial aid services FAFSA prep event. If so, consider attending because you may find it helpful to listen to people experienced in filling out the application. They can offer strategies and tips that can streamline the process, and answer your questions.

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Dating with Debt: Navigating Money, Love, and Politics

The Millennial generation has become synonymous with student loan debt, swiping right and left on dating apps, and taking a political stance, whether for the right, left, or anywhere in between. These associations also have a tendency to bleed together: beliefs about money, love, and politics all impact one another in interesting ways.

So, for this Valentine’s Day, we surveyed over 1,000 millennials (ages 25-35) across the U.S. to see how they are navigating these topics and found some trends that surprised us.

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Why You Shouldn’t Be Ashamed of Your Student Debt

Have you hidden how much student debt you have from friends or partners? Do you feel embarrassed when you think about your balance? Many people feel a sense of shame when it comes to their debt, and student loans are no exception.

In the U.S., 45 million borrowers now have a combined $1.56 trillion in student loan debt. For many people, student loans are the largest chunk of debt they will face in their lives, excluding a mortgage .

While most people are accustomed to going into debt in order to purchase a home, there seems to be more internal baggage associated with carrying around student loans. This shame and feeling of isolation can escalate if you have trouble paying your loans, if you didn’t graduate, or if you are struggling to find a job in your field.

Student loans can certainly feel like a burden and can take years to pay off, but they don’t have to be a source of embarrassment. Instead, you can shift your mindset to see them as an investment, just like a house or car—and, in many ways, better.

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