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The Pros and Cons of Graduated Repayment Plans

The Pros and Cons of Graduated Repayment Plans

https://www.sofi.com/learn/content/pros-cons-graduated-repayment-plans/

…staggering. While the lower payments up front might fit your budget as you start your career, it’s hard to predict whether your salary will increase at just the same rate…


The Rising Cost of Grad School Debt

The Rising Cost of Grad School Debt

https://www.sofi.com/learn/content/borrowers-need-know-rising-grad-school-student-loan-debt/

…return on investment (in the form of future salary potential) when choosing how much debt to take on for higher education. Grad Students Are Taking on More Debt than Undergrads…


What Is Moonlighting in Residency?

What Is Moonlighting in Residency?

https://www.sofi.com/learn/content/medical-resident-moonlighting-side-jobs/

…of Moonlighting During Residency Earn Extra Income Taking on a few moonlighting shifts per month can add up to substantial extra income — especially on a resident’s salary. As for…


50/30/20 Budget Rule: What It Is and Tips On Using It

The 50/30/20 Rule: Budgeting Your Money Wisely

https://www.sofi.com/learn/content/50-30-20-budget/

…discretionary, or nonessential spending, these are the things you buy that you could technically live without. This includes: •   Dining out or takeout food •   Going to the movies, a…


Qualifying for the Public Service Loan Forgiveness Program

Qualifying for the Public Service Loan Forgiveness Program

https://www.sofi.com/learn/content/public-service-loan-forgiveness-program-qualifications/

…would have been under the standard federal 10-year repayment plan. Your discretionary income is calculated each year based on your family size, location, and salary. If you’re making income-based payments…


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