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A family opportunity mortgage is a loan for a residential property bought for a parent or an adult disabled child who could not qualify for financing on their own.

Under Fannie Mae guidelines, a principal residence can be purchased for a child or parent who is unable to work or who does not have sufficient income to qualify for a mortgage. The buyer will be considered the owner-occupant even though they will not live in the house.

This article will explain family opportunity mortgage guidelines and rules, how to find lenders, and more.

What Is a Family Opportunity Mortgage?

What was a formally titled program under Fannie Mae is now a conventional loan with expanded guidelines to allow owner-occupied financing under special circumstances.

A family opportunity mortgage may be used:

•   When parents or legal guardians of a disabled adult child want to provide housing for the child.

•   When children want to provide housing for parents who cannot qualify for a mortgage because they cannot work or their income is too low.

Buyers are able to obtain financing at the same interest rates and terms as a principal residence under these circumstances. They do not have to use second home or investment property requirements.

Recommended: How to Buy a Single-Family Home

How a Family Opportunity Mortgage Works

A family opportunity mortgage works just as a conventional mortgage for your primary residence does. Buyers must meet Fannie Mae’s eligibility and underwriting standards in order to qualify for the loan.

Lenders consider your debt-to-income (DTI) ratio, monthly debts as a percentage of your gross monthly income. Fannie Mae guidelines call for a maximum 45% DTI, or 50% with certain compensating factors.

Your income, though, must be high enough to cover the home mortgage loan for your primary residence and the residence you want to buy for your parent or dependent child. A credit score of at least 620 and steady employment will be required to qualify for the new mortgage as well.

Example of a Family Opportunity Mortgage

Here’s an example where you could use the family opportunity mortgage. Let’s say you have elderly parents who need more care, and you would like for them to move near you. Their retirement income isn’t enough to qualify for a mortgage in your area.

If you have enough income and a decent credit score, you may be able to buy a house for them. This is where a family opportunity mortgage may make sense.

You’ll turn to your lender to qualify you for owner financing. The term “family opportunity mortgage” is, technically, no longer in use, but the ability to qualify for an owner-occupied mortgage for a disabled adult child or elderly parent following Fannie Mae guidelines is the same. The lender can help you explore different types of mortgages that will meet Fannie Mae’s criteria.

You’ll need to choose between a fixed-rate loan and an adjustable-rate mortgage.

After settling on a mortgage product, you’ll submit all the necessary documents through your lender to apply for the mortgage.

After the loan closes, your parents will move into the house, and you’ll make the mortgage payments in your name.

Keep in mind the mortgage and the deed will be in your name unless you add your parents to the deed. There are advantages and disadvantages to structuring it this way, so be sure to do some research or consult a lawyer.

Recommended: Home Loan Help Center

Steps to Qualify for a Family Opportunity Mortgage

If you want to qualify for an owner-occupied mortgage for a disabled adult child or elderly parent, you’ll need to take the following steps:

•   Complete a mortgage application with your lender. You’ll need to add the amount of the additional mortgage to the one you have on your principal residence (if any) and still have enough income to qualify for financing. Take a look at this mortgage calculator tool if you want help coming up with an estimate.

•   Obtain preapproval. By providing a specific tentative loan amount, mortgage preapproval allows you to look for homes that fall within your budget.

•   Find a suitable property. The property does not have to be outside a specific distance from your own home (what’s known as “distance rules”); nor do you have to reside in the property to qualify for owner-occupied financing. The types of houses may be restricted to single-family homes, but it may also be up to your lender.

•   Provide your lender with all necessary documentation. This may include proof of the adult child’s disability or proof that a parent is unable to take on a mortgage.

•   Close on the loan. Sign all the paperwork, wire your down payment and closing costs to the appropriate entity, and take care of any final details.

A family opportunity loan is usually treated like conventional financing for an owner-occupied home. Some lenders may have stricter lending standards when it comes to the definition of an owner-occupied residence.

Advantages of a Family Opportunity Mortgage

Being able to provide housing for a loved one with owner-occupied financing comes with some advantages:

•   Lower down payment requirement. With a family opportunity mortgage, the minimum down payment is usually 5% (0% if borrowers qualify for a USDA or VA loan). If the property is bought as a second home or investment, the down payment requirement is usually 15% or more.

•   Interest rates are lower. Loan rates for second homes or investment properties run higher than owner-occupied residential mortgage rates.

•   Lower property taxes. When a property is classified as owner-occupied by your local taxing authority, you may qualify for an exemption that reduces property taxes owed.

•   Mortgage interest and property tax may be tax deductible. When you file your taxes, you may be able to claim the mortgage interest and property tax dedication for both properties. Consult a tax advisor about this deduction.

•   Borrowers are not required to occupy the property. With a family opportunity mortgage, you are not required to live on the property to qualify for owner-occupied financing.

Which Lenders Offer Family Opportunity Mortgages?

Since the official program with the name “Family Opportunity Mortgage” has been discontinued, you won’t be looking for a lender that offers this program when you are shopping for a mortgage. Instead, you’ll be looking for a lender that allows you to use Fannie Mae’s definition of an owner-occupant when buying a house for a parent or disabled adult child. Many lenders will offer this as it is a common conventional loan.

Tax Implications of a Family Opportunity Mortgage

The tax implications of owning a home with a type of family opportunity mortgage may be complex. It’s a good idea to consult a tax attorney or tax accountant for advice.

Dream Home Quiz

The Takeaway

Buying a home for a disabled adult child or an aging parent is possible if you meet Fannie Mae guidelines and have sufficient income. If you’re looking for the family opportunity mortgage, ask lenders if they allow owner-occupied conventional financing if you purchase a home for parents or a disabled adult child. You’ll save money while providing housing to a vulnerable adult.

FAQ

Has the Family Opportunity Mortgage program been discontinued?

The formal name “Family Opportunity Mortgage” has been discontinued, but Fannie Mae still allows conventional mortgages to be considered owner-occupied for buyers who are purchasing a home for a disabled adult child or for parents who cannot qualify for mortgages on their own.

Can I buy a home for someone who is not my family member?

You can buy a single-family home for someone who is not a family member, but the circumstances do not meet Fannie Mae family opportunity mortgage guidelines and will not qualify for owner-occupied financing.

Photo credit: iStock/Ridofranz

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q125-033

Getting mortgage preapproval can give you an edge in the home-buying process, especially when the housing market is tight. A mortgage preapproval from a lender lets sellers know that you have tentatively been approved for a specific loan type and amount. Not only does this show them that you’re a serious home shopper, it also helps give you a good sense of your budget as you go house-hunting.

Here, you’ll learn the ins and outs of how to get preapproved for a home loan.

What Is Mortgage Preapproval?

Mortgage preapproval involves a thorough review of your credit and financial history. If you look like a good candidate for a mortgage, a lender will issue a letter stating that you qualify for a loan of a certain amount at a certain interest rate. The letter is an offer — but not a commitment — to lend you a specific amount. It’s good for up to 90 days, depending on the lender.

You’ll want to shop for homes within the price range of your preapproved mortgage. Armed with your preapproval for a home loan, you can show sellers that you are a serious buyer with the means to purchase a property. In the eyes of the seller, preapproval can often push you ahead of other potential buyers who have not yet been approved for a mortgage and make it easier to compete when there are multiple offers on a house.

Once you find a house that you want to buy, you can make an offer immediately based on the loan amount for which you are preapproved. And if the seller accepts, it will be time to finalize your mortgage application. At this point, a loan underwriter will review your application and conduct other due diligence measures, such as having the house appraised to make sure it is valued at the price it’s selling for. If all goes well, the lender will issue another letter called a commitment letter, which officially seals the deal on your loan, and you can schedule a closing date.

When Should I Get Preapproved for a Home Loan?

Preapproval typically lasts for 90 days, at most, so you want to seek it when you are actively in the market for a new home. Maybe you’ve done some initial online research into available properties. Ideally, you’ve also had a good look at your finances and thought about how much you have available to spend on a down payment as well as what monthly mortgage payments you can afford long-term. It takes around 10 days after you submit a request to be preapproved, so factor that timing into your house search as well.

Mortgage Preapproval vs. Prequalification

If you are house hunting, you will likely hear two different terms regarding early mortgage moves: prequalification vs. preapproval. Prequalification is a simple, less involved look at your financial qualifications for a mortgage. Preapproval for a home loan is a more in-depth review of your finances and an indicator that your loan application will likely move forward smoothly. Each has its advantages — and its moment.

Mortgage Prequalification

Getting prequalified for a home loan involves a review of a few financial details — usually self-reported — such as income, assets, and debt. The lender will then estimate what size mortgage you can afford.

Pros of Mortgage Prequalification

•   It’s fast. The process can often be done in minutes, by phone or online.

•   You’ll zero in on house prices. Prequalifying for a home loan quickly gives you an idea of what your monthly payment might be and how much house you can afford.

•   You can shop around. You can prequalify with multiple lenders to see what types of terms and interest rates they offer.

•   It’s easy on your credit score. Prequalification will not affect your credit score because it only requires a “soft inquiry” into your credit record.

Cons of Mortgage Prequalification

•   It’s no guarantee. Because it is an unverified, high-level look at your finances, prequalification doesn’t ensure that you will actually qualify for a mortgage.

•   It won’t help you bargain. Being prequalified won’t help you negotiate a lower price with a seller or compete against other bidders in a competitive market.

Mortgage Preapproval

Requesting a mortgage preapproval is a more complicated process than getting prequalified. You’ll have to fill out an application with your chosen lender and agree to a credit check. The credit check will be a “hard pull” which will ding your credit score by a few points. You’ll also provide information about your income and assets. The evaluation process can take 10 days or more. Again, preapproval doesn’t mean it’s a done deal that you’ll get the loan, but it is a solid indication of your financial situation and ability to purchase a home.

There are a number of advantages to getting preapproval for a home loan, especially if you’re shopping in a fast-moving market.

Pros of Mortgage Preapproval:

•   It gives you an edge. Sellers will see that you are a serious buyer and have assurance that your financing won’t fall through and sink the deal.

•   It helps you get loan shopping done. When you’ve found your dream house, you don’t want to delay putting in an offer because you have to spend time getting your documents together and pursuing a loan. Going through the preapproval process helps you take care of these details before you’re in a fast-moving situation.

Cons of Mortgage Preapproval:

•   A mortgage preapproval expires. How long does a mortgage preapproval last? As noted above, the letter is only good for a certain period of time, usually 90 days, so you’ll want to make sure you’re seriously ready to start shopping once you have your mortgage preapproval in hand.

•   The application is time-consuming. You’ll need to provide a lot of documentation to get a mortgage preapproval and agree to a hard credit inquiry, which can drag down your credit score, though usually only by a bit.

•   Nothing is guaranteed. Even though your home loan preapproval letter likely has details on your loan amount and type, it is only a tentative approval — you still can’t be 100% sure that you will get the loan.

Here are the basic comparison points of prequalification vs. preapproval:

Steps to Get Preapproved for a Home Loan

Getting preapproved for a home loan will take some time, so it’s good to get the process started before you are ready to make an offer on a home. Here are some important steps along the way.

Check Your Credit Score

If you’ve established a credit history, a first step before applying for a mortgage is to check your credit reports, which are a history of your credit compiled from sources like banks, credit card companies, collection agencies, and the government.

The information is collected by the three main credit reporting bureaus: TransUnion®, Equifax®, and Experian®. You’ll want to make sure that the information on your credit reports is correct. Ordering the reports is free once a week through AnnualCreditReport.com.

If you find any mistakes in your credit reports, contact the credit reporting agencies immediately to let them know. You don’t want any incorrect information weighing down your credit score, putting your chances for preapproval at risk.

The free credit reports provided by the nationwide credit reporting agencies do not include your credit score, a number typically between 300 and 850. You can purchase your score directly from the credit reporting agencies, or from FICO®. Your credit card company also may provide your credit score for free, or you could try a money tracker app that updates your credit score weekly and tracks your spending at no cost.

Calculate Your Potential Mortgage

To help with the prequalification and preapproval process, use the mortgage calculator below to see what your estimated monthly mortgage would be based on down payment, interest rate, and loan terms.

Gather Documentation

Your credit score is only one of many factors a potential lender will consider when deciding on your mortgage qualification. So collect the many other documents you will need to paint a full picture of your financial life. Ask the lender what is needed, specifically. The list will likely include:

•   Recent pay stubs

•   Recent bank and investment account statements

•   Two years of tax returns and/or W2s, possibly more if you are self-employed

•   Verification of alimony or child support payments received and the court documents spelling out the terms of the payments

•   Social Security award letter, if you derive income from Social Security

•   Certificate of Eligibility from the VA, if you are applying for a VA loan

•   Gift letter documenting any money you are receiving from family or other sources toward a down payment

Receive Your Mortgage Preapproval Letter

Your first instinct when you receive preapproval will likely be to jump for joy. But next, take a moment to ask the lender if they made any assumptions about your finances in order to issue the letter, or if they flagged anything that could lead to you being denied a mortgage later on or that could increase your costs. Doing this could help you head off future problems that might scuttle a deal.

Upping Your Odds of Mortgage Preapproval

There are a number of steps you can take to improve your chances of preapproval or to increase the amount your lender may approve you for.

Build Your Credit

When you apply for any type of loan, lenders want to see that you have a history of properly managing your debt before they offer you credit themselves.

You can build your credit history by opening and using a credit card and paying your bills on time. Or you could consider having regular payments, such as your rent, tracked and added to your credit score.

Recommended: What Credit Score Is Needed to Buy a House?

Stay on Top of Debt

Your ability to pay your bills on time has a big impact on your credit score. If your budget allows, you should aim to make payments in full.

If you have any debts that are dragging down your credit score — for example, debts that are in collection — it’s smart to work on paying them off first, as this could help build your score.

“Really look at your budget and work your way backwards,” explains Brian Walsh, CFP® at SoFi, on planning for a home mortgage.

Recommended: Fixed-Rate vs. Adjustable-Rate Mortgages

Watch Your Debt-to-Income Ratio

Your debt-to-income (DTI) ratio is your monthly debt payments divided by your monthly gross income. If you have $1,000 a month in debt payments and make $5,000 a month, your DTI ratio is $1,000 divided by $5,000, or 20%.

Mortgage lenders typically like to see a DTI ratio of 36% or less. Some may qualify borrowers with a higher DTI, up to 43%. Lenders may assume that borrowers with a high DTI ratio will have a harder time making their mortgage payments.

If you’re seeking preapproval for a mortgage, it may be beneficial to keep the ratio in check by avoiding large purchases. For example, you may want to hold off on buying a new car until you’ve been preapproved.

Prove Consistent Income

Your lender will want to know that you have enough money coming in each month to cover a potential mortgage payment, so the lender will likely want proof of consistent income for at least two years (that means pay stubs, W-2s, etc.).

For some potential borrowers, such as freelancers, this may be a tricky process since they may have income from various sources. Keep all pay stubs, tax returns, and other proof of income, and be prepared to show those to your lender.

What Happens If Your Mortgage Preapproval is Rejected?

Rejection hurts. But if you aren’t preapproved or you aren’t approved for a large enough mortgage to buy the house you want, you also aren’t powerless. You can ask the lender why it said “no.” This will give you an idea about what you might need to work on in order to secure the mortgage you want.

Then you may want to work on the factors that your lender saw as a sticking point to preapproval. You can continue to work to build your credit score, lower your DTI ratio, or save for a higher down payment.

If you’re able to pay more upfront, you will typically lower your monthly mortgage payments. Once you’ve worked to make yourself a better candidate for a mortgage, you can apply for preapproval again.

Dream Home Quiz

The Takeaway

In a competitive market, having a mortgage preapproval letter in hand may give a house hunter an edge. After all, the letter states that the would-be buyer tentatively qualifies for a home loan of a certain amount.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

FAQ

What happens during the preapproval process?

During the mortgage preapproval process, you’ll provide lots of background information on your finances. A potential lender will also check your credit score. If the lender feels you’re a suitable candidate for a loan, you’ll receive a letter that you can show a seller to potentially better your chances when making an offer on a home.

Do preapprovals hurt your credit score?

The lender will do a “hard pull” to obtain your credit score prior to a preapproval. This may cause your rating to drop by a few points, but it should rebound quickly if you pay your bills on time.

How far in advance should I get preapproved for a mortgage?

Get preapproved for a mortgage when you have a sense of the housing costs where you are shopping for a home, and you are ready to start looking in earnest.

Which is better: preapproval or prequalification?

Prequalification and preapproval each have a place in the homebuying process. Prequalification is helpful when you are trying to get a sense of what you can afford and which lender might offer the best terms. It’s time for preapproval when you are serious about searching for a home and have researched possible lenders.

Is it OK to get multiple preapprovals?

You only need one preapproval, but it is fine to get a few if you want to see what loan amounts and rates you might qualify for. Make all applications within a 45-day window — the time frame during which multiple lenders can check your credit without each check having an additional impact on your score.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

^†Veterans, Service members, and members of the National Guard or Reserve may be eligible for a loan guaranteed by the U.S. Department of Veterans Affairs. VA loans are subject to unique terms and conditions established by VA and SoFi. Ask your SoFi loan officer for details about eligibility, documentation, and other requirements. VA loans typically require a one-time funding fee except as may be exempted by VA guidelines. The fee may be financed or paid at closing. The amount of the fee depends on the type of loan, the total amount of the loan, and, depending on loan type, prior use of VA eligibility and down payment amount. The VA funding fee is typically non-refundable. SoFi is not affiliated with any government agency.

SoFi Loan Products
SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SoFi Mortgages
Terms, conditions, and state restrictions apply. Not all products are available in all states. See SoFi.com/eligibility-criteria for more information.

SOHL-Q225-048

For many homebuyers, safety is a top concern when shopping for a house. It can influence where you feel comfortable living, and safety ratings can have a big effect on local housing market trends.

If you’re in the market to buy or rent a home and you’re looking for just the right spot, check out this list of the 50 safest cities from NeighborhoodScout.

How Is the Safest Cities List Determined?

To compile its list of the safest cities, NeighborhoodScout looks at FBI statistics for property and violent crime in cities across the country that have a population of 25,000 or more. This list now includes areas with a township form of government, which has resulted in a larger pool of locations and many newcomers to the list. (See the full list of 100 safest cities on the NeighborhoodScout site.)

💡 Quick Tip: Buying a home shouldn’t be aggravating. SoFi’s online mortgage application is quick and simple, with dedicated Mortgage Loan Officers to guide you through the process.

What Are the Safest Cities in the US?

The safest cities in America tend to be suburban areas close to major cities like Boston. Only one spot on this list, Rexburg, Idaho, is outside a major metropolitan area.

Massachusetts is home to the most cities on the list at 18. Texas, with six cities on the list, ranks in second place.

Recommended: Price-to-Rent Ratio in 50 Cities

The 50 Safest US Cities in 2025

Here’s a countdown of the 50 safest cities in the U.S. that you could call home. Consider safety, along with local housing market trends, if you’re thinking about relocating.

50. Friendswood, Texas

Friendswood began as a Quaker town in 1895 and became known for growing and preserving Magnolia figs. Since the 1950s, it has transformed into a quiet bedroom community 30 minutes from Houston and Galveston.

Population: 41,004

Total Crime Rate (per 1,000 residents): 6.5

Chance of Being a Victim: 1 in 152

Major City Nearby: Houston

49. Newton, Massachusetts

A strong school system and proximity to downtown Boston draw homebuyers to this suburban community, which is actually a cluster of 13 villages.

Population: 87,453

Total Crime Rate (per 1,000 residents): 6.5

Chance of Being a Victim: 1 in 152

Major City Nearby: Boston

48. Prosper, Texas

This growing town in the Dallas area is known for great schools and beautiful scenery. Texas has no state income tax, which may be a draw for many homebuyers, although it does have a sales tax and property taxes may be higher than in some other areas.

Population: 34,136

Total Crime Rate (per 1,000 residents): 6.4

Chance of Being a Victim: 1 in 155

Major City Nearby: Dallas

47. Dracut, Massachusetts

Dracut was home to Pennacook Indian settlements before Europeans arrived in the 1650s, and the town’s early economy depended on manufacturing and milling. The town provides easy access to the Lowell and Boston metropolitan areas.

Population: 32,159

Total Crime Rate (per 1,000 residents): 6.4

Chance of Being a Victim: 1 in 155

Major City Nearby: Boston

46. Shrewsbury, Massachusetts

Shrewsbury was incorporated in 1727 and rests just outside the Boston metropolitan area near the city of Worcester. Although the violent crime rate has risen in recent years (while the property crime rate has declined), it is still one of the safest places to live in the U.S.

Population: 38,999

Total Crime Rate (per 1,000 residents): 6.4

Chance of Being a Victim: 1 in 156

Major City Nearby: Worcester

45. Keller, Texas

Settled in the 1850s and named for a railroad foreman, Keller today blends urban amenities with a small-town emphasis on quality of life for its residents. The lovely Big Bear Creek Trail cuts through the city, ensuring access to a natural setting.

Population: 45,397

Total Crime Rate (per 1,000 residents): 6.3

Chance of Being a Victim: 1 in 158

Major City Nearby: Dallas

44. Rochester Hills, Michigan

This Detroit suburb features the 102-acre Avon Nature Study Area on the Clinton River and the Rochester Hills Museum, where visitors can learn about pioneer farmers, Native American history, and local ecology.

Population: 76,028

Total Crime Rate (per 1,000 residents): 6.2

Chance of Being a Victim: 1 in 160

Major City Nearby: Detroit

43. Beverly, Massachusetts

Beverly is a suburb of Boston on the North Shore of Massachusetts, just north of Salem. Like its witchy neighbor, Beverly offers historic New England architecture and water access.

Population: 42,446

Total Crime Rate (per 1,000 residents): 6.2

Chance of Being a Victim: 1 in 161

Major City Nearby: Boston

42. North Kingstown, Rhode Island

Sailboats bob on the water in this pretty Narragansett Bay town. A cluster of villages, the town was settled in the 17th century and boasts some buildings from that era, as well as the Silas Casey Farm, which is maintained as a classic New England farmstead.

Population: 27,911

Total Crime Rate (per 1,000 residents): 6.1

Chance of Being a Victim: 1 in 162

Major City Nearby: Providence

41. Ballwin, Missouri

This West St. Louis town, home to high-quality public schools, is located within 30 minutes of five universities and colleges. It has a diverse array of housing options at many price points.

Population: 30,870

Total Crime Rate (per 1,000 residents): 6.1

Chance of Being a Victim: 1 in 162

Major City Nearby: St. Louis

40. Melrose, Massachusetts

Another suburb of Boston, Melrose was first known as Ponde Fielde due to its many ponds and streams. The charming Downtown Melrose, known for its Victorian architecture, is on the National Register of Historic Places.

Population: 29,312

Total Crime Rate (per 1,000 residents): 6.0

Chance of Being a Victim: 1 in 164

Major City Nearby: Boston

💡 Quick Tip: To see a house in person, particularly in a tight or expensive market, you may need to show the real estate agent proof that you’re preapproved for a mortgage. SoFi’s online application makes the process simple

39. Milton, Georgia

Milton has one of Georgia’s highest rates of educational attainment and lowest rates of unemployment. The majority of its 39 square miles are zoned for agriculture, so residential lots are large here, at least one acre.

Population: 41,259

Total Crime Rate (per 1,000 residents): 5.9

Chance of Being a Victim: 1 in 167

Major City Nearby: Atlanta

38. Commerce Township, Michigan

Commerce Township boasts easy access to lots of lakes, although not all are accessible to the public. If waterfront living is a goal, there are many options here, from smaller, older cottages to spacious new homes.

Population: 38,718

Total Crime Rate (per 1,000 residents): 5.9

Chance of Being a Victim: 1 in 169

Major City Nearby: Detroit

37. Wylie, Texas

Once known as the “Onion Capital of the World,” Wylie is a fast-growing community with strong schools and abundant recreation opportunities for families.

Population: 59,394

Total Crime Rate (per 1,000 residents): 5.9

Chance of Being a Victim: 1 in 169

Major City Nearby: Dallas

36. Waltham, Massachusetts

Nicknamed “the watch city” because it was home to an early watch factory, this diverse Boston suburb dates from the 17th century. Today, it is home to both Bentley University and Brandeis University.

Population: 64,015

Total Crime Rate (per 1,000 residents): 5.8

Chance of Being a Victim: 1 in 169

Major City Nearby: Boston

35. Merrimack, New Hampshire

Options abound in Merrimack. Within an hour, you can get to busy Boston, hike in the beautiful Kearsarge Mountain State Forest, or take a dip at Hampton Beach State Park on the Atlantic coast.

Population: 27,132

Total Crime Rate (per 1,000 residents): 5.7

Chance of Being a Victim: 1 in 172

Major City Nearby: Manchester

34. Little Elm, Texas

A suburban vibe and easy access to parks and lakes, including an entertainment district on the shores of Lake Lewisville, would make this an appealing place to live even if crime rates weren’t so exceptionally low.

Population: 51,042

Total Crime Rate (per 1,000 residents): 5.6

Chance of Being a Victim: 1 in 176

Major City Nearby: Dallas

33. Edwardsville, Illinois

Edwardsville may be in Illinois, but it is a suburb of St. Louis and benefited from proximity to Route 66 as it grew. Among the oldest cities in Illinois, it has produced five of the state’s governors.

Population: 25,218

Total Crime Rate (per 1,000 residents): 5.5

Chance of Being a Victim: 1 in 178

Major City Nearby: St. Louis

32. Andover, Massachusetts

Andover, about 23 miles north of Boston, was incorporated in 1646 and later became a thriving mill town. The city is home to prestigious college prep school Phillips Academy.

Population: 36,517

Total Crime Rate (per 1,000 residents): 5.4

Chance of Being a Victim: 1 in 182

Major City Nearby: Boston

31. Cumberland, Rhode Island

Cumberland boasts a lovely bike trail which is part of a continuous 31.9-mile route. Its unique public library is built on the site of a former monastery, with tranquil walking paths and has offered, in the summer, a free “Music at the Monastery” concert series.

Population: 36,434

Total Crime Rate (per 1,000 residents): 5.4

Chance of Being a Victim: 1 in 184

Major City Nearby: Providence

30. Brandon, Mississippi

This city may be approaching its 100th birthday, but it is one of the fastest-growing cities in Mississippi.

Population: 25,373

Total Crime Rate (per 1,000 residents): 5.3

Chance of Being a Victim: 1 in 186

Major City Nearby: Jackson

29. Mundelein, Illinois

Less than an hour west of Chicago, Mundelein offers well-priced housing and a strong school system. Top employers are industrial and manufacturing companies, but the village also offers easy access to the Windy City.

Population: 31,560

Total Crime Rate (per 1,000 residents): 5.3

Chance of Being a Victim: 1 in 187

Major City Nearby: Chicago

28. Wellesley, Massachusetts

West of Newton, Wellesley is a much smaller municipality, though the median household income is higher, at $250,001, and the homeownership rate tops 80%.

Population: 30,191

Total Crime Rate (per 1,000 residents): 5.2

Chance of Being a Victim: 1 in 189

Major City Nearby: Boston

Recommended: Cost of Living by State

27. North Andover, Massachusetts

Massachusetts makes a good showing on the safest cities list, representing nearly 30% of the burgs listed.

Population: 30,711

Total Crime Rate (per 1,000 residents): 5.2

Chance of Being a Victim: 1 in 190

Major City Nearby: Boston

26. Reading, Massachusetts

Another Boston suburb just north of the city, Reading is a town of about 9,374 households with a median household income around $163,725.

Population: 25,223

Total Crime Rate (per 1,000 residents): 5.1

Chance of Being a Victim: 1 in 192

Major City Nearby: Boston

25. Mason, Ohio

Mason is the largest city in Warren County. The county is known as “Ohio’s Largest Playground” and boasts regional attractions including the Grizzly Golf and Social Lodge, the Great Wolf Lodge, and Kings Island amusement park.

Population: 35,089

Total Crime Rate (per 1,000 residents): 5.1

Chance of Being a Victim: 1 in 192

Major City Nearby: Cincinnati

24. Billerica, Massachusetts

Billerica sits on the Shawsheen and Concord rivers about 20 miles northwest of Boston and is home to about 15,653 households.

Population: 41,453

Total Crime Rate (per 1,000 residents): 5.1

Chance of Being a Victim: 1 in 195

Major City Nearby: Boston

23. Johns Creek, Georgia

The City of Johns Creek is a fairly young one, having been designated in 2006. But it is home to 200 companies and a thriving population.

Population: 82,065

Total Crime Rate (per 1,000 residents): 4.9

Chance of Being a Victim: 1 in 202

Major City Nearby: Atlanta

22. West Bloomfield, Michigan

This township less than 30 miles from Detroit has many small- and medium-sized lakes. West Bloomfield has a large Jewish population and is home to the J, formerly known as the Jewish Community Center of Metropolitan Detroit.

Population: 65,560

Total Crime Rate (per 1,000 residents): 4.9

Chance of Being a Victim: 1 in 204

Major City Nearby: Detroit

21. Colleyville, Texas

Conveniently sandwiched between the Dallas and Fort Worth areas, Colleyville offers a rural feel close to big-city amenities.

Population: 25,986

Total Crime Rate (per 1,000 residents): 4.8

Chance of Being a Victim: 1 in 206

Major City Nearby: Dallas

20. South Kingstown, Rhode Island

South Kingstown is home to two scenic beaches, as well as picturesque farmlands and a riverfront walkway.

Population: 31,851

Total Crime Rate (per 1,000 residents): 4.7

Chance of Being a Victim: 1 in 212

Major City Nearby: Providence

19. Windsor, Colorado

The only Colorado city on the list, Windsor, near the front range of the Rocky Mountains, once boasted giant herds of bison and a bustling sugar beet industry. Today, it is a hotbed of green industry, including windmill blade production and ethanol production.

Population: 35,788

Total Crime Rate (per 1,000 residents): 4.5

Chance of Being a Victim: 1 in 218

Major City Nearby: Greeley

18. Wakefield, Massachusetts

Residents of Wakefield enjoy easy commuter-rail service to Boston and recreational activities on and around scenic Lake Quannapowitt.

Population: 27,104

Total Crime Rate (per 1,000 residents): 4.5

Chance of Being a Victim: 1 in 218

Major City Nearby: Boston

17. Madison, Mississippi

This suburb of Jackson has a rural feel and a small-town atmosphere. It is a popular choice for retirees.

Population: 27,719

Total Crime Rate (per 1,000 residents): 4.5

Chance of Being a Victim: 1 in 221

Major City Nearby: Jackson

16. Avon Lake, Ohio

This suburb of Cleveland lies on the shore of Lake Erie. Ample parks, a bike trail, and an aquatic center ensure residents of all ages have plenty of options for fitness.

Population: 25,588

Total Crime Rate (per 1,000 residents): 4.3

Chance of Being a Victim: 1 in 232

Major City Nearby: Cleveland

15. White Lake, Michigan

Of the four Michigan cities on this list, White Lake ranks the safest.

Population: 30,990

Total Crime Rate (per 1,000 residents): 4.2

Chance of Being a Victim: 1 in 233

Major City Nearby: Detroit

14. Needham, Massachusetts

Like many of the Massachusetts cities on this list, Needham is a well-off bedroom community of Boston, with a median household income of about $212,241.

Population: 32,048

Total Crime Rate (per 1,000 residents): 4.2

Chance of Being a Victim: 1 in 233

Major City Nearby: Boston

13. Milton, Massachusetts

Milton, an attractive suburb 10 miles south of Boston, is the birthplace of former U.S. President George H.W. Bush.

Population: 28,388

Total Crime Rate (per 1,000 residents): 4.2

Chance of Being a Victim: 1 in 233

Major City Nearby: Boston

12. Oswego, Illinois

Located about 50 miles west of Chicago on the Fox River, Oswego lies on two rail lines and near three state highways and two U.S. highways. It has experienced rapid growth in recent years.

Population: 35,316

Total Crime Rate (per 1,000 residents): 4.1

Chance of Being a Victim: 1 in 238

Major City Nearby: Chicago

11. Independence, Kentucky

The only Kentucky town to make it to the list, Independence is a short drive across the Ohio River to Cincinnati.

Population: 28,920

Total Crime Rate (per 1,000 residents): 3.9

Chance of Being a Victim: 1 in 253

Major City Nearby: Cincinnati

10. Rexburg, Idaho

Rexburg, in eastern Idaho, is one of the only cities on this list that’s not near a major metropolitan area. Its proximity to nature is one of its calling cards. Yellowstone National Park is just 80 miles away.

Population: 35,300

Total Crime Rate (per 1,000 residents): 3.9

Chance of Being a Victim: 1 in 253

Major City Nearby: N/A

9. Muskego, Wisconsin

This cozy city sits within the orbit of Milwaukee and is around 88 miles from Chicago.

Population: 25,242

Total Crime Rate (per 1,000 residents):3.8

Chance of Being a Victim: 1 in 265

Major City Nearby: Milwaukee

8. Lexington, Massachusetts

Known as the town where the first shots of the Revolutionary War were fired, Lexington is a suburb of Boston where the median household income tops $200,000.

Population: 34,071

Total Crime Rate (per 1,000 residents):3.7

Chance of Being a Victim: 1 in 270

Major City Nearby: Boston

7. Zionsville, Indiana

Excellent schools and stable home values attract residents looking for a small-town feel just 20 minutes outside Indianapolis.

Population: 31,702

Total Crime Rate (per 1,000 residents):3.6

Chance of Being a Victim: 1 in 275

Major City Nearby: Indianapolis

6. Fulshear, Texas

Fulshear has grown significantly in size in the 21st century, though it has retained its small-town charm.

Population: 25,169

Total Crime Rate (per 1,000 residents): 3.6

Chance of Being a Victim: 1 in 276

Major City Nearby: Houston

5. Arlington, Massachusetts

Settled in 1635 as the town of Menotomy, Arlington was renamed in 1867 in honor of those buried at Arlington National Cemetery. The city is about six miles from Boston.

Population: 45,617

Total Crime Rate (per 1,000 residents): 3.4

Chance of Being a Victim: 1 in 292

Major City Nearby: Boston

4. Marshfield, Massachusetts

Marshfield is about 30 miles from Boston on the South Shore where Cape Cod meets the Massachusetts Bay. The year-round population grows to 40,000 in the summer months.

Population: 25,869

Total Crime Rate (per 1,000 residents): 3.3

Chance of Being a Victim: 1 in 300

Major City Nearby: Boston

3. Lake in the Hills, Illinois

Once a sleepy rural community home to seasonal residents who enjoyed the area’s lakes, Lake in the Hills became a quickly growing suburb of Chicago in the last few decades.

Population: 28,945

Total Crime Rate (per 1,000 residents): 3.1

Chance of Being a Victim: 1 in 321

Major City Nearby: Chicago

2. Franklin, Massachusetts

Franklin is conveniently located between Boston and Providence, Rhode Island. The town is named in honor of Benjamin Franklin, whose donated books formed the first public library in the country.

Population: 33,036

Total Crime Rate (per 1,000 residents): 2.9

Chance of Being a Victim: 1 in 344

Major City Nearby: Boston

1. Ridgefield, Connecticut

This pretty colonial town nestled in the foothills of the Berkshire Mountains was founded over 300 years ago and today ranks as America’s safest city. Visitors come for its historic Main Street. Families stay for its strong schools and, of course, its excellent safety rating.

Population: 25,011

Total Crime Rate (per 1,000 residents): 1.9

Chance of Being a Victim: 1 in 510

Major City Nearby: Bridgeport

The Takeaway

It’s a safe bet that house hunters will find many of these 50 safest cities in the U.S. appealing. There’s a lot to like about these towns in addition to their low crime rates, including great schools, high-quality housing stock, and natural wonders.

Looking for an affordable option for a home mortgage loan? SoFi can help: We offer low down payments (as little as 3% - 5%*) with our competitive and flexible home mortgage loans. Plus, applying is extra convenient: It's online, with access to one-on-one help.

FAQ

What is the No. 1 safest town?

Safety can be tricky to gauge, but Ridgefield, Connecticut, was recently named America’s safest town by NeighborhoodScout.

What is America’s happiest city?

Happiness is highly subjective. However, a 2025 WalletHub analysis that looked at 25 key happiness indicators found that Fremont, California, ranked highest.

What U.S. city has the highest quality of life?

Quality of life can mean different things to different people, but overall, Brookline, Massachusetts, ranked highest in a 2025-2026 evaluation by U.S. News & World Report. The publication’s annual Quality of Life index looks at factors like quality of education, average commute time, health care availability and quality, and others to rank U.S. cities.

*SoFi requires Private Mortgage Insurance (PMI) for conforming home loans with a loan-to-value (LTV) ratio greater than 80%. As little as 3% down payments are for qualifying first-time homebuyers only. 5% minimum applies to other borrowers. Other loan types may require different fees or insurance (e.g., VA funding fee, FHA Mortgage Insurance Premiums, etc.). Loan requirements may vary depending on your down payment amount, and minimum down payment varies by loan type.

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SoFi loans are originated by SoFi Bank, N.A., NMLS #696891 (Member FDIC). For additional product-specific legal and licensing information, see SoFi.com/legal. Equal Housing Lender.

SOHL-Q225-182

Navigating the cost of law school can be daunting, but scholarships offer a valuable way to reduce financial burdens and make your legal education more affordable. Whether you’re a prospective law student or currently enrolled, understanding the variety of scholarships available can help you secure funding for your studies.

Keep reading to learn the types of law school scholarships available, tips for finding law school scholarships, and strategies for crafting compelling applications to increase your chances of success.

The Average Cost of Law School

The average annual cost of tuition at a public, out-of-state law school in 2025 was $45,208 per year ($30,540 per year for in-state students). For private law schools, the average tuition in 2025 was $53,034 per year. And, according to Education Data Initiative, the average total cost of law school is $217,480.

Because students aren’t yet racking up those billable attorney hours, it can be helpful to research law school scholarship opportunities before applying to reduce the financial burden of law school.

Additional Costs Beyond Tuition (Books, Fees, Living Expenses)

As stated above, the average cost of law school is $217,480. This includes tuition, books, fees, and living expenses. Living expenses, including housing, transportation, and health insurance, will vary by location but often represent a large portion of a student’s total budget. Other expenses include:

•   Books: $1,000-$2,250 per year

•   Fees: $1,639-$1,790 per year

Together, these additional costs can make law school far more expensive than tuition alone suggests, so thorough financial planning is essential.

Recommended: Paying for College Without Financial Aid

Types of Law School Scholarships

Per the numbers mentioned above, there might be a fair amount of sticker shock for those who haven’t yet applied for graduate school and are only thinking of someday going the lawyer route. Fortunately, there are a range of options for aspiring attorneys seeking to fund law school.

Full-Ride Tuition Law School Scholarships

Some colleges may offer full-ride tuition scholarships and need-based grants for college. Full-rides, of course, are not available at all law schools. If a law school doesn’t explicitly advertise or highlight information regarding full-ride opportunities, interested students can contact the school to ask.

Students deciding whether to apply to law school may want to familiarize themselves with the language universities adopt to explain these scholarships. In some cases, specific scholarships are designated for particular students. Full-ride law school scholarships can be highly competitive — with some schools offering as few as two to four per enrollment year. One potential tip for the search for scholarships is to target law schools with more tuition help.

General Law School Scholarships

There are many options for law school hopefuls to find potential scholarships. These scholarships are often awarded by the school based on academic merit, LSAT performance, leadership experience, or a demonstrated commitment to the field.

In addition to school-sponsored awards, numerous organizations, foundations, and legal associations offer general scholarships for law students. These external scholarships may emphasize academic achievement, professional potential, or community involvement and are often open to applicants from various backgrounds and career interests.

And finally, don’t overlook smaller or less-publicized awards, which may go as unclaimed scholarships. These opportunities can provide meaningful financial support, and dedicating time to research them can give you an advantage in reducing your overall law school costs.

Law School Scholarships from Law Firms

Some law firms offer scholarships to law school students. Applying is typically a straightforward process, with many firms requiring a short essay, transcripts, and sometimes references to be considered. One such law firm scholarship is offered by the Dominguez Firm, which offers $2,500 and $5,000 annually to selected student applicants.

On top of this, there’s the rising trend of law firms helping new hires to repay a portion of their student debt once onboarded.

Diversity Law School Scholarships

Some scholarships are awarded to students with diverse backgrounds. One example of this is the Legal Opportunity Scholarship Fund offered by the American Bar Association. This $15,000 scholarship is awarded to law students from a racial or ethnically diverse background.

The USLaw Network Foundation also offers a $5,000 scholarship for up to 10 diverse students.

Law School Scholarships for Women

Some scholarships are offered to women attending law school. One resource is the American Association of University Women (AAUW) Fellowships and Grants, which offers scholarships to women in graduate studies, including law.

A specific scholarship for women is the Pearce Law Firm Empowering Women in Law Scholarship. This is a $1,500 scholarship awarded to female law students (or those accepted into J.D. programs) across the U.S. Recipients must submit a 700–1,000‑word essay explaining why more women should pursue law, their motivation to become a lawyer, and how they plan to make an impact.

Need-Based Law School Scholarships

Need-based law school scholarships are awarded to students whose financial circumstances make paying for law school particularly challenging. These scholarships consider factors such as family income, assets, employment history, and overall financial need rather than academic metrics alone. Many law schools use detailed financial aid applications to determine eligibility, while some external organizations also offer need-based awards to help reduce reliance on student loans.

Public Interest Law Scholarships

Public interest law scholarships support students committed to careers serving the public good, such as working in legal aid, nonprofit organizations, government agencies, or advocacy groups. These scholarships often emphasize a dedication to social justice and community impact, helping ease the financial burden of law school for those pursuing lower-paid but mission-driven legal roles.

One example is the Furman Public Policy Scholarship at NYU, which is a full-ride scholarship offered to someone with a commitment to public interest law.

Recommended: What Is a Graduate Fellowship? Tips for Applying

Finding Scholarships for Law School

Finding scholarships for law school starts with knowing where to look and which resources offer the most value. A strategic approach can help you uncover a mix of school-based, local, and national opportunities.

University Financial Aid Offices and Online Scholarship Databases

University financial aid offices and online scholarship databases are essential starting points for finding law school funding. Financial aid offices can guide you toward school-specific awards, FAFSA-related aid, and institutional grants, while reputable databases like LSAC, Fastweb, and AccessLex compile hundreds of external scholarships, making it easier to search by eligibility, interests, and financial need.

Local Bar Associations and Legal Organizations

Local bar associations, community foundations, and legal organizations frequently offer scholarships aimed at supporting aspiring attorneys within their region. These awards may prioritize students committed to public service, diversity in the legal field, or specific areas of law. Because they draw from smaller applicant pools, local scholarships can be more accessible.

Recommended: Applying to Graduate School: Smart Tips & Strategies

Negotiating Wiggle Room

Doing all this research and the math around law school scholarships could put applicants in a more informed position when evaluating which program to attend — and, potentially, help them to identify schools more likely to be interested in their application.

A reality of today’s admissions process for law school is negotiating scholarships. Some schools have a strict policy against negotiating, but others fully expect their initial offer to be countered. That’s why it can help to save acceptance letters and anything in writing from schools that offer admission.

Suggestions for Negotiating Law School Scholarship Offers

Offer letters could be shared with competing schools, asking if they’re able to match another university’s aid. It might be uncomfortable asking for more tuition assistance upfront, but a little discomfort now could help applicants shoulder less law school debt later on.

Doing research on law schools (and figuring out the likely cost of living expenses at each institution) could help applicants to determine which scores or grades to aim for in an effort to make law school more affordable for them. Tabulating expenses (and having records on hand) may also demonstrate to universities that the amounts being negotiated are based on well-documented expenses.

Timing Your Negotiation for Maximum Leverage

To maximize your chances of a successful negotiation, begin the conversation before the deposit deadline but early enough for financial aid offices to reassess your package. Reaching out during this window increases your chances of securing a higher scholarship while demonstrating professionalism and genuine interest in the school.

Recommended: Law School Loan Forgiveness and Repayment Options

Federal vs Private Loans for Law School

Students wanting to apply to law school should consider the differences between federal and private student loans. Federal loans come with certain benefits not guaranteed by private ones (such as forbearance or income-driven repayment), and should be used first before seeking private student loans.

Pros and Cons of Federal Student Loans for Law School

Federal student loans offer law students predictable interest rates, flexible repayment plans, and access to protections like income-driven repayment and Public Service Loan Forgiveness. While these benefits make them a reliable option, federal loans also come with borrowing limits, potentially higher interest rates than some private loans, and long-term costs that can add up over time.

Pros:

•   Fixed interest rates

•   Access to income-driven repayment plans

•   Eligibility for Public Service Loan Forgiveness

•   Deferment and forbearance options for financial hardship

Cons:

•   Potentially higher interest rates than qualified private loans

•   Borrowing limits may require supplemental financing

•   Interest accrues while in school for most loans

•   Longer repayment terms can increase total costs

When to Consider Private Student Loans

Private student loans may be worth considering when you’ve exhausted all federal financial aid options, including federal loans, grants, and work-study. They can help bridge funding gaps when federal loan limits fall short of covering the full cost of attendance, especially at higher-cost law programs.

Private lenders often offer competitive interest rates, which can make them appealing for students with strong credit or a creditworthy cosigner.

It’s important to note that private student loans don’t offer the same benefits and protections afforded to federal student loan borrowers, like Public Service Loan Forgiveness (PSLF). If a law school applicant is interested eventually in becoming a public defender or pursuing non-profit legal work, forgiveness and forbearance perks may play a role in their decision.

The Takeaway

Students looking to offset law school costs with scholarships can look to their law school, scholarship databases, local law firms, and other organizations for resources. Consider contacting the financial aid office at your law school if you are looking for scholarship resources. If students interested in law school find themselves coming up short on funds for the JD after scholarships and federal aid, additional options may be available.

If you’ve exhausted all federal student aid options, no-fee private student loans from SoFi can help you pay for school. The online application process is easy, and you can see rates and terms in just minutes. Repayment plans are flexible, so you can find an option that works for your financial plan and budget.

FAQ

What LSAT score will get me a scholarship?

One general rule of thumb is that students who have an LSAT score (and sometimes GPA) above the median for a certain school could qualify for a scholarship. Chances of qualifying are even greater if your score falls in the 75th percentile for the school.

What is a good scholarship for law school?

Any scholarship for law school is a good scholarship. Scholarships typically don’t need to be repaid and can help reduce a student’s debt burden. Students looking for law school scholarships can apply for institutional aid and aid through other sources like nonprofit organizations.

Do top law schools give scholarships?

While some top law schools do not offer scholarships, many law schools do offer law school scholarships to students. For example, in the 2024-2025 class at Yale, 67% of students qualified for some form of financial aid and 62% qualified for an institutional law school scholarship. Check directly with the schools you are interested in to see if they offer scholarships to students.

Can you negotiate a better law school scholarship offer?

Yes, you can often negotiate a better law school scholarship offer. Many schools allow applicants to present competing offers from other institutions to request additional funding. Success depends on factors like your LSAT score, GPA, and the school’s enrollment goals, but respectful, well-documented negotiations can lead to increased aid.

Are law school scholarships renewable each year?

Many law school scholarships are renewable each year, but they often come with conditions. Students typically must maintain a minimum GPA or class ranking to keep their award. Renewal policies vary by school, so it’s important to review requirements carefully to avoid losing funding after the first year.

Photo credit: iStock/artisteer
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Terms and conditions apply. SOFI RESERVES THE RIGHT TO MODIFY OR DISCONTINUE PRODUCTS AND BENEFITS AT ANY TIME WITHOUT NOTICE. SoFi Private Student loans are subject to program terms and restrictions, such as completion of a loan application and self-certification form, verification of application information, the student's at least half-time enrollment in a degree program at a SoFi-participating school, and, if applicable, a co-signer. In addition, borrowers must be U.S. citizens or other eligible status, be residing in the U.S., Puerto Rico, U.S. Virgin Islands, or American Samoa, and must meet SoFi’s underwriting requirements, including verification of sufficient income to support your ability to repay. Minimum loan amount is $1,000. See SoFi.com/eligibility for more information. Lowest rates reserved for the most creditworthy borrowers. SoFi reserves the right to modify eligibility criteria at any time. This information is subject to change. This information is current as of 4/22/2025 and is subject to change. SoFi Private Student loans are originated by SoFi Bank, N.A. Member FDIC. NMLS #696891 (www.nmlsconsumeraccess.org).

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SOISL-Q425-045

Woo-hoo! You have your degree, perhaps a job offer, a place to live with a chill roommate, and you’ve found your favorite cafe where the cold brew is just right. Life is great, right?

Even if you don’t have all of the items above checked off, starting your independent, post-school life is an exciting time, and it’s a moment to learn all sorts of adulting skills.

To help you with that, here are 33 things to consider, learn, or do to help you as you discover everything from how to speak up in meetings to how to find an in-network doctor. Read on for tips for joining the real world and finessing your finances, career, and personal life.

1. Tackle Your Overall Financial Situation

Your finances tend to get more complicated as you get older. At its most basic, though, understanding your financial situation means knowing your credit score, taking stock of your outstanding debts, figuring out ways to pay off student loans (if you haven’t already), and understanding what your monthly bills are.

💡 Quick Tip: Ready to refinance your student loan? You could save thousands.

2. Embrace a Budget

Here’s another bit of advice for college grads: Once you know how much money you have, owe, and make, it’s time to figure out your budget. Even if you have one already, post-graduation is a perfect time to reconsider your budget and make updates as needed. Never made one before? The popular 50/30/20 budget can be a smart start.

Recommended: Types of Budgeting Strategies and Methods

3. Learn About Job Perks

No matter if your job is still shiny and new or an old hat at this point, it’s good to take time to review your employee handbook for perks you may have overlooked. Check out your company’s retirement plan types and health insurance plans. You’ll also want to review potential bonuses and perks, such as free gym memberships, commuting stipends, and the like.

4. Start Saving for Retirement

Seriously? Yes! This may not be the most fun thing to review (and likely wasn’t part of your college advice), but your future self will thank you. Take time to learn about a 401(k) plan that may be available at work and hopefully enroll. You want to at least contribute enough to get any company match, which is like free money.

No job yet or retirement plan you qualify for? Spend a bit of time learning about the different kinds of IRAs.

5. Evaluate Your Housing Costs

Depending on your location, it can be hard to find affordable housing or even a job if your industry isn’t hot in your market. Before signing on the dotted line, consider how much home you can afford to rent. It can be expensive to live alone; having roommates can be a great way to save money.

6. Check Your Social Media

Even if you already have a job lined up, you may want to take stock of your social media. A professional online presence may help prevent current or future employers from second-guessing about hiring you. Those wild nights out with friends definitely don’t need to be broadcast via an account that’s public.

Recommended: College Graduation Rates

7. Network

Networking is crucial to helping you achieve your career goals. Whether through industry conferences or social media sites like LinkedIn, it’s smart to stay connected with professionals in your industry to get career advice and learn about job openings you may be the perfect fit for.

8. Schedule Some “You” Time

Scheduling dedicated “you” time after graduating college helps you decompress, recharge, and adjust to the new pressures of adult life. It also creates space for reflection, allowing you to set healthy routines and stay grounded as you navigate major transitions.

9. Start an Emergency Fund

Once you have a steady income, it’s wise to start an emergency fund, perhaps by a recurring automatic transfer into savings. Start slow and steady, and aim to build up to at least three to six months’ worth of living expenses in the bank. This will help protect you if you have a major expense or job loss.

Recommended: Emergency Fund Calculator

10. Find Your Medical Team

This tip is especially important if you’ve moved to a different state or city. Out-of-network bills can be costly, so having a doctor and knowing which hospitals are in-network can help you save money and stress in the long run. Ask coworkers, do online research, and don’t forget to explore where the nearest and best urgent care centers are.

11. Snag a First-Aid Kit and Emergency Bag

This may sound like your parents or grandparents talking, but no one sees an accident or disaster coming. You could get burned cooking brunch one Saturday, or a major storm could sweep through and leave you without power.

Store-bought first aid kits may be good starting points, but extra bandages, allergy relief pills, antacids, and other over-the-counter medicines will take your kit to the next level.

For an emergency go-bag, consider packing at least three days’ worth of clothes, a mini first aid kit, cash, a flashlight, and other provisions you think you (and your pets or loved ones) may need if you need to leave your home in a rush.

12. Consider Life Insurance

If your employer offers life insurance as a benefit and you’re supporting family members, it may be worth considering. Understanding life insurance policies can help you make the right decision for you. Even if you decide you don’t need it right now, you’ll be better prepared to sign up when the time is right.

💡 Quick Tip: If you have student loans with variable rates, you may want to consider refinancing to secure a fixed rate in case rates rise. But if you’re willing to take a risk to potentially save on interest — and will be able to pay off your student loans quickly — you might consider a variable rate.

13. Dive into Hobbies

It’s healthy to have interests outside of your career. If you’re wondering what to do after college besides work, you can learn to play instruments, sing, run, join a local soccer team, play games online, or enjoy any other hobby that helps you unwind and relax. Or maybe you’ll want to give back and spend some time planting at a local park or prepping meals at a soup kitchen. Find some passions and take the time to pursue them.

14. Tackle Your Taxes

If you’re employed (full-time, part-time, seasonally, side hustle, etc.), it’s time to learn how to prepare for tax season, which can help you avoid filing them late. Whenever you get an important piece of paperwork that’ll affect your taxes (such as W2s, charitable contribution receipts, or even home office receipts), you can put these in a safe place so you’re ready to go come tax time.

Then, determine if you’ll do your taxes yourself (say, with tax software) or work with an income tax preparer to get your return in on time.

15. Find Your Work-Life Balance

Each person has their own idea for work-life balance. If you’re not sure what yours is, consider taking the first few months on the job to figure that out. Being a good employee, for instance, doesn’t have to mean being the first person at the office in the morning and the last one out at night. If you feel tired or overwhelmed, it may be time to dig into and renegotiate those work-life boundaries.

16. Master Basic Home Repairs

Home repair costs can add up (especially as the years unfurl). You could save money by doing them yourself, especially if or when you own your own place and don’t have a landlord to pay for those costs. Problems such as a clogged sink, broken light switch, and dripping shower head may be easier than you think to fix.

If you do have a landlord, you might even get a discount on your rent by making simple repairs yourself. Just be sure to get a signed agreement from your landlord outlining how that will work.

17. Be Smart About Subscriptions

Monthly subscriptions add up over time, and it’s easy to forget how many you have going at a given moment. Consider looking at what you’re actually subscribed to. Do you really need Max, Hulu, Peacock, and Netflix, or could you save on streaming services by dropping one (or two)? And do you really need so many gym passes and coffee clubs? Take a closer look and see if you can cut back.

18. Learn to Cook

Takeout is great, but you could save money on food and healthy up your meals if you cook at home. It’s also helpful to plan your groceries ahead of time to avoid overspending and food waste. Plus, it’s a fun pursuit with loads of free recipes and cooking videos available online. Invite a friend over and make it a social occasion.

19. Speak Up in Meetings

If you think you don’t have much to add to the conversation, agreeing with what someone has said — and tacking on an extra thought — can be a way to participate and not feel like a wallflower.

20. Tweak Your Sleep Hygiene

Getting enough high-quality sleep can be a key contributor to your wellness. Going to sleep around the same time every night can help to ensure you get enough rest so you can make good decisions and keep healthy habits. And here’s a reminder that taking your mobile device to bed with you is likely to lead to an hour or more of rabbit holes that rob you of your rest.

21. Start Investing

The idea of investing may sound intimidating, but you don’t have to be a Wall Street wolf to invest. Many rookies start small. Learn more about investing in your 20s and perhaps open an account.

22. Find a Mentor

If there’s someone higher up the ladder at your workplace with whom you click and who offers great guidance, ask them out for coffee to learn more about how their career progressed and see what advice they might share. You can also look for guidance via a professional group; you might find a mentor at a summit or similar event.

Mentors can often help you navigate your workplace, offer advice, and keep you motivated and sane when things get stressful. They also have contacts that may be helpful for you to know.

23. Change Your Mind

Many people end up with jobs outside of what they studied, even after getting a master’s or MBA. If this turns out to be the case for you, just know that people can change their minds and that it’s okay to switch paths.

Recommended: Benefits of Returning to School

24. Get Help

Unemployment, Medicaid, and other social nets exist for a reason. There are going to be choppy waters, and these services are meant to help. Using them because you got laid off or furloughed isn’t shameful. And if you can’t find employment, that’s another reason to get support versus staying silent and toughing it out.

25. Put Home Maintenance on Your Calendar

When was the last time you cleaned your dryer vents? Do you know how to change the filter in your HVAC? Avoiding these kinds of things for too long can result in big maintenance bills — and potentially be a safety hazard. Not sure what to clean? Check out a house maintenance list and put reminders in your mobile device’s calendar.

26. Travel

Hopping on a plane and traveling to far-flung places can get more difficult as you become older. It can be harder to take time off work, and perhaps you’ll have a family, meaning you will need a bigger travel budget. Now, when you’re young and probably okay with “roughing it,” it’s possible to travel cheap!

27. Learn to Say No

An important life skill is learning how to say no. Don’t want to go out for drinks? Can’t finish that report by Monday? Your best bet may be to just be honest. Taking on too much may only backfire, so learning to say no without feeling guilty can be important for your mental health and work-life balance.

28. Avoid Lifestyle Creep

Lifestyle creep is the situation in which the more your income increases, the more you spend. While a pay raise may mean you can splurge a bit, if you wind up renting a bigger house, leasing a luxury car, and treating yourself to a week in Tulum, you could wind up in the hole. Instead, treat yourself within reason, and plow more money into savings, such as for a down payment on a future home.

Recommended: 9 Tips for Finding the Best Deals Online

29. Outfit Your Home Office

Are you going to be working from home for some or all of your week? Having ergonomic, comfortable, and functional furniture can help keep your back and neck from hurting and your mind from getting distracted. Don’t just perch on the couch or in bed with your laptop. Scan home office ideas if you’re in need of some inspiration.

30. Give Back

You’re joining the ranks of adults, so do the right thing and find a way to contribute and help others. Maybe you can spend some time on the weekend at a Habitat for Humanity site or make a charitable donation to a favorite cause.

31. Understand Student Loan Repayment Options

Understanding your student loan repayment options sets yourself up for financial stability after graduation. Consider income-driven repayment plans, which adjust your monthly payments based on your income and family size, consolidating your federal loans into a single, simplified payment, or refinancing your loans — especially if you have strong credit — to potentially secure a lower interest rate.

32. Set Career Goals and Revisit Them Annually

Setting clear career goals helps you stay focused, motivated, and intentional as you navigate life after graduation. Reviewing these goals each year allows you to adjust based on new experiences, changing interests, and evolving opportunities, ensuring your career trajectory stays aligned with who you are and where you want to go.

Recommended: Tips for Applying for Graduate School

33. Learn the Basics of Insurance (Health, Renters, Auto)

Learning the basics of insurance is an important part of stepping into financial adulthood. Understanding how health insurance works helps you choose a plan that fits both your medical needs and your budget, while renters insurance protects your belongings and provides liability coverage in case of accidents. Auto insurance ensures you’re protected financially if you’re involved in a car accident or experience vehicle damage.

The Takeaway

Your post-college years can be exciting and fun but also a bit confusing and challenging at times. Start with a few items on this list, and work your way through to build your life skills, launch your career, and manage your money confidently.

And if your student loan payments are getting in the way of you living your best post-college life, you may want to consider refinancing your student loans.

Looking to lower your monthly student loan payment? Refinancing may be one way to do it — by extending your loan term, getting a lower interest rate than what you currently have, or both. (Please note that refinancing federal loans makes them ineligible for federal forgiveness and protections. Also, lengthening your loan term may mean paying more in interest over the life of the loan.) SoFi student loan refinancing offers flexible terms that fit your budget.

FAQ

How long does it take to get a job after college on average?

It typically takes graduates three to six months to find a job after college. However, recent grads reportedly face tougher economic conditions and less employer demand, extending their search beyond six months. Networking, internships, and a well-crafted resume can help expedite the process.

What is the average salary for college graduates?

The average starting salary for college graduates holding a bachelor’s degree is $68,680 in 2025. Engineering and computer science graduates often earn higher starting salaries, while those in humanities and social sciences may start lower. Experience and location also play significant roles.

What’s the average age of a college graduate?

The average age of a college graduate is around 24 years old for those who complete their degree right after high school. However, this can vary widely depending on factors like part-time study, career breaks, and returning to education later in life. Many nontraditional students graduate in their 30s or even 40s.

What percent of college graduates go back to school?

About 14% of the population holds an advanced degree, such as a master’s degree or professional certification. This varies by field and career goals, with higher rates in fields like medicine, law, and academia. Continuing education can enhance career prospects and personal development.

What percent of college graduates use their degree?

A recent study found that more than half of college graduates are working in fields that do not require a degree. However, this can vary by field, with higher usage rates in specialized professions like engineering and health care. Factors like job market conditions and personal career choices also influence whether a degree is directly applied.

Photo credit: iStock/Rattankun Thongbun

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