SoFi Blog

Tips and news—
for your financial moves.

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Navigating Finances in the First Year of Marriage

As the saying goes, first comes love, then comes marriage. But after the joyous celebration, what really happens in the first year—and beyond—of wedded bliss?

SoFi recently partnered with Zola , the company reinventing wedding planning and registry with free wedding websites, beautiful wedding paper, the best wedding registry, and more. We’re excited to say that as of today, Zola couples can register for their financial goals like a joint investment account or help with student debt repayment with SoFi.

“Zola’s new partnership with SoFi helps guide couples through the process of creating joint bank accounts so they can save for the future. Couples already rely on Zola to easily plan their wedding and register, so now we are helping them make the transition to newlywed life a little easier too,” says Jennifer Spector, Zola’s Director of Brand.

As part of the partnership, Zola and SoFi surveyed over 1,000 newlyweds* to uncover their attitudes toward money.

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Explaining the New White House Proposal on Capping Student Loans

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.

The Trump Administration has proposed a cap on the amount that parents and graduate students would be able to borrow from the federal government to pay for higher education. The administration says their effort is an attempt to curb tuition costs and student loan debt, which reached an outstanding $1.465 trillion in late 2018. Here’s a look at what these changes might mean for parents and grad students.

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Sustainable Investing for Earth Day

On April 22, millions of people around the world will participate in Earth Day-related activities. Some people will march to raise awareness, some will plant trees, and some will take the time to clean up plastic and trash that has been carelessly discarded.

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Got a New Job and Student Loans?

If you just landed a new job, well done! Whether it’s your first job or your fifth, starting the next chapter of your career journey with a new company and fresh challenges can be an exciting time.

It also can be a good opportunity to review your finances, put together a new budget, and work toward some monetary milestones, like paying down credit cards or student loan debt.

Why now? As your life changes, your needs and expenses likely will change as well. So when you’re starting a new job, it might be a fitting time to take a look at where you stand and where you want to go.

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Should I Help Pay My Siblings Student Loans?

Family debt is never easy to tackle, but if a sibling is struggling with a significant amount of student loan debt, it can seem even more overwhelming. Should you help pay off your sibling’s student loans if you are financially secure enough to do it?

When offering money to a family member, it’s important to remember that doing so could change your relationship, even if you are offering to help reduce student loan debt for a sibling.

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