SoFi Blog

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.

Betsy DeVos, the United States Secretary of Education, is nothing if not controversial. On July 1, 2019, she made a decision that has American citizens and politicians up in arms: She canceled the Gainful Employment Rule that President Obama put into effect in 2015. This rule held colleges to certain standards so that students would be more financially stable after graduating.

The Department of Education claims that the rule unfairly targeted for-profit schools. Rather than make adjustments to the regulations, Secretary DeVos chose to repeal the Gainful Employment Rule completely. This repeal will become effective July 1, 2020.

People may be divided on this issue, but most can agree that DeVos’ decision will impact not only the colleges that had to comply with the Gainful Employment Rule, but also students who attend those schools.

Are you curious about how this decision could affect you or your college-aged child? Read on to learn about what the Gainful Employment Rule accomplished, why DeVos appealed the rule, and how canceling the legislation could affect students.

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.

If you’ve kept up with the democratic debates or campaigns recently, you may have heard the term universal basic income, or UBI, tossed around.

The program’s biggest proponent, democratic candidate Andrew Yang, says that a universal basic income will be key to protecting the American economy in the future, especially as more jobs are replaced by automation and technology. His plan for a “Freedom Dividend ” would give Americans $1,000 a month, which he argues would increase productivity and boost economic growth.

Here’s a look at what universal basic income is, Yang’s proposed plan, and how adopting a UBI could possibly affect you in the future.

As many of us enjoyed the final month of summer, plenty of attention was focused on a somewhat bumpy August which delivered political turmoil, escalations in a trade war, and concern in the fixed income market. Overall, the stock markets ended the month down slightly, so sit back and catch up on some market moving news.

Like the roots of a tree, your home’s foundation is essential. Without it, your home is anchorless, and if there’s a problem, the rest of your home will reflect that.

Not only does your home’s foundation keep the house standing up, it also works as a barrier for moisture, cold, and movement beneath the ground. Like a tree’s roots, the foundation is essential, and your home couldn’t be here without it.

The average foundation weighs 7.5 tons , and when built properly, it’s meant to last several lifetimes. Issues in your foundation will likely mean a costly repair, but nonetheless is essential to the health and longevity of your property.

Read on to get a proper foundation on foundations, as well as the types of repairs and costs associated with them.

Do you find yourself dreading the commute to work in the mornings? Do you feel like the work you’re doing isn’t fulfilling or interesting, even though you majored in this very subject? While the prospect of a career change so early in your life can be scary, it may be worth it for your future success.

A job change requires an investment of time and possibly money. But if you’re unsatisfied and are looking for a new career, making the decision now is the first step toward the rest of your life.

Here are some things to consider as you think about changing jobs to a new field or industry.