SoFi Blog

Has anyone else noticed an uptick in conversation about personal finance this month? As someone who’s worked in the financial industry for many years, I’m always pleasantly surprised when the rest of the world becomes more interested in the topics I deal with every day – things like investing, saving, and debt management.

Refinancing student loans can be a great strategy for saving money when you’re done with school, but you can also take steps before even applying for loans that will pay off over the longterm.

However, getting accepted to an MBA program is challenging.  So much so that by the time graduate students are admitted to a program, many of them want to secure the first funding options available without pausing to thoroughly assess all the options.

With all the dire “retirement crisis” stories and statistics out there, most young professionals today are aware of how important it is to save for their own nest eggs – no matter how far away their own retirement may seem.

Most people understand the importance of establishing and maintaining a good credit score.  For student loan borrowers, this means treating that debt responsibly – for example, paying on time, every time.  But that’s old news.

The new news is that FICO is making changes to the way it calculates credit scores. Because FICO’s credit scoring metric is by far the most widely used in consumer lending decisions, it’s worth exploring what this might mean for you.

Summer is officially upon us, and with it the promise of warm sunshine, longer days and happy memories.  But if you’re one of the 37 million Americans with student loans, that debt can feel like a constant storm cloud over your head – no matter what the weather outside may be.

Rather than let another lazy summer pass you by, why not use the next few months to make a dent in your education debt?  Research shows that you’re more likely to achieve your objectives when they’re specific, measurable and time-bound, making summer the perfect time to set goals and see some progress by the time fall rolls around.   And it doesn’t take much – when it comes to reducing your loan balance, a few small changes can have a big impact.