SoFi Blog

We here at SoFi couldn’t agree more—which is why we’re turning some HQ Trivia losers into winners this week. SoFi is on a mission to help people reach their financial goals, faster. To get you motivated in 2018, we’re giving up to 200 HQ losers a second chance of winning every day for five days starting on February 12th.

Here’s what you could win from SoFi: $25 in a SoFi Invest account, and our So Money card game.

The S&P 500 has fallen more than 10%. The Dow drops more than 1,000 points.

I’m sure you’ve seen the headlines about the market movements over the past few days and might be worried. That’s not surprising. If you own stocks, they may have lost some value, which doesn’t feel great.
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But, let’s put this dip into perspective. In Wall Street terms, we’ve been in what’s called a “bull market” since 2009. A decline of 10% or more in a bull market—which we’ve sseen in the past few days—is called a “correction.” Bull markets in the past have averaged about one correction a year. The last one we had was February of 2016, so we’ve been overdue.

But here’s something else you should know: While Wall Street traders might be panicking a bit, for the average investor, like you, there’s no cause for alarm. The economy still appears to be on solid footing if you look at things like unemployment and company earnings. And in many ways, this market dip was expected.

by Bea Bischoff

It’s that time again: SoFi’s “No BS” Return on Education 2018 MBA rankings are here. Each year, we mine the data from student loan refinancing applications to figure out which MBA programs offer the best return on investment.

If you’re in the process of applying for an MBA or think that an MBA might be in your future, read on. This data tells you more than which school has the best marketing department; it shows you which MBA programs are most likely to lead to a high salary—or a future with a great salary-to-debt ratio.

You’re going to watch roughly 45 commercials during the big game. So why not use this time to tackle another big thing in your life–student debt?

Applying online is fast, easy, and won’t affect your credit score. Even better: anyone who refinances their student loans with SoFi today will get to choose a gift from some of our favorite things from the commercials you missed—whether it’s an Amazon Echo or a month’s supply of Bud Light. To learn more, visit https://www.sofi.com/

Earlier today, we hosted a breakfast for the press at our beautiful, new office space in New York City to talk about what the SoFi community accomplished in 2017 and a bit of what’s in store for 2018. Here’s a quick recap.