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What Percentage of Your Income Should Go to Student Loans?
https://www.sofi.com/learn/content/percentage-of-income-towards-student-loans/
After four (or more) years of classes, college students graduate into a new reality: employment and student loan payments. Navigating repayment may require planning and diligent budgeting, but with the right foundation, you can find a repayment plan that works for your personal needs. As a general rule of thumb, the Consumer Financial Protection Bureau […]
What Does Credit Reference Mean for an Apartment?
https://www.sofi.com/learn/content/credit-reference-meaning-for-apartment/
Finding an affordable apartment you love in the neighborhood of your choice can feel like you’ve won the lottery. But before you can call the movers, you’ll need to take the first step and go through the screening process. In most cases, this means filling out a rental application. Rental applications are a way for […]
10 Signs You’re Living Beyond Your Means
https://www.sofi.com/learn/content/signs-living-beyond-your-means/
Living beyond your means can easily happen. Typically, it’s a case of your spending outstripping your earnings. This in turn means it’s hard to pay off debt and save for your financial goals. Sound familiar? If you find yourself running out of money before the next payday, you could be leaving above your means.Here, learn […]
Taxable vs. Non-Taxable Income: What’s the Difference?
https://www.sofi.com/learn/content/taxable-and-non-taxable-income/
Nothing is as certain as tax season. Like it or not, it comes every year, and taxpayers need to report and pay their dues on all taxable income. But did you know that some income is non-taxable? That’s right: In some rare cases, Uncle Sam won’t be asking for his fair share. But you may […]
Is an Employee’s Student Loan Repayment Benefit Taxed As Income?
https://www.sofi.com/learn/content/student-loan-repayment-benefit/
No, an employee’s student loan repayment benefit from their employer is not taxed as income now through the end of December. Thanks to the CARES Act, employees can take advantage of up to $5,250 in tax-free student loan payment contributions from their employer. For employees lucky enough to work for a company that offers a […]