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How Student Loans Affect Your Credit Score​: 7 Essential FAQs

How Student Loans Affect Your Credit Score​: 7 Essential FAQs

https://www.sofi.com/learn/content/student-loan-smarts-student-loans-affect-credit-score/

…credit. SoFi Lending Corp. or an affiliate is licensed by the Department of Financial Protection and Innovation under the California Financing Law, license number 6054612. NMLS #1121636. Terms, conditions, and…


7 Facts You Didn't Know About Student Loan Debt

7 Facts You Didn’t Know About Student Loan Debt

https://www.sofi.com/learn/content/7-facts-didnt-know-student-loan-debt/

…is held by women, with the highest average amount of debt belonging to Black women. 6. Americans with student debt are likely to have multiple loans. The Department of Education…


What's the Difference Between a Hard and Soft Credit Check?

What’s the Difference Between a Hard and Soft Credit Check?

https://www.sofi.com/learn/content/soft-vs-hard-credit-inquiry-need-to-know/

…consider if they really need new credit before applying for an account that requires a hard credit check. For example, department stores and some chains like to entice you to…


What’s the Average Student Loan Interest Rate?

What’s the Average Student Loan Interest Rate?

https://www.sofi.com/learn/content/whats-average-student-loan-interest-rate/

…loans, according to the U.S. Department of Education. Borrowers who are single and make less than $32,800 a year won’t have to make any payments under the SAVE Plan. (If…


When Do You Have to Start Paying Back Student Loans?

When Do You Have to Start Paying Back Student Loans?

https://www.sofi.com/learn/content/time-to-pay-back-student-loans/

…and federal student loans. Private student loans are borrowed from a bank, credit union, or another lender. Federal loans are backed by the U.S. Department of Education. Important differences between…


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