SoFi Blog

Most people think that doctors have it pretty easy when it comes to paying off medical student loans. Sure, they rack up six figures worth of student debt—but their outsized salaries should help them decimate those loans in no time (not to mention set them up for life).

However, if you’re a doctor, you know the reality of having medical school loans is more complicated than people might think. For one thing, you don’t start making “student loan payoff money” until you’re out of residency, which—depending on your focus—can take 3, 4, 5, even 10 years. During that time you have to juggle a big student loan balance with a relatively small paycheck, learn the nuances of various medical school loan repayment programs, and stay on top of changing student loan legislation that can impact your payments or potential student loan forgiveness.

At SoFi, we know our members are committed to financial wellness. We also know they’re working hard to accomplish great things in their careers. So aside from offering financial solutions, our Career Coaching team is here to help them excel and reach the goals they set.  

Andrew Dietrich refinanced his student loans with us. Then he went through our Entrepreneur Program to help start Final. Within two days of launching their site last year, Final had 20,000 signups. Read on to hear how the idea came about, the challenges the founders have faced, and why it’s important to take advice with a grain of salt.

Move over, workplace yoga—the latest employee benefit du jour is financial wellness.

With Americans under extreme financial stress, a growing number of employers are adopting corporate financial wellness programs to combat the resulting absenteeism and loss of productivity. According to NPR, about half of US employers now offer these programs.

Conferences are typically filled to the brim with free stuff: fliers and posters and brochures that may or may not make it past the recycling bin on the way out. So earlier this month when we sponsored the Near Future Summit (a conference dedicated to world positive solutions), we thought, why not try something more meaningful?

We featured three SoFi members who are on a mission to change the world. Our intent: to donate $20,000 that would help them pay off their loans. In order to choose the winner, we had conference attendees vote for their favorite stories. Now, the results are in.