Student Loan Apps To Pay Off Student Loans

ChangEd was founded by two brothers who graduated college with student loan debt. They realized how difficult it was to deal with student loans and set out to find a way to make it easier to repay their debts. ChangEd was the result.

With ChangEd, you link your student loans and your financial accounts. When you make a purchase using your debit card, ChangEd automatically rounds the purchase up to the next dollar and puts the difference in an FDIC insured account. You can then use that money to make additional payments toward your loans.

The app also has some bonus features, like a dashboard that lets you see all your loans in one place and the opportunity to earn bonus cash that you can use toward your student loan debt.

Givling is part crowdfunding platform, part trivia app. When you sign up for Givling, you’re automatically placed in a team of three. You can answer trivia with your teammates to earn points. As you earn points, you move up in the Givling queue.

Givling regularly looks at the queue, takes the top person in it, and helps pay off their college loan. This means that doing well at trivia could help you pay off your debt.

While you can play two trivia games for free each day, you can pay additional fees to play more trivia, thus earning more points. There are other ways to spend money that can help you earn points to move up the queue as well, so it’s worth thinking about whether that money would be better spent directly on your debt.

Mint is an app designed to help people efficiently keep track of their finances. You can link all of your bank accounts, credit cards, investment accounts, and loans in the app and view all of them on a single dashboard.

With Mint, you can build a budget and track it automatically. This type of budgeting can make it easier to watch your spending and pay down your student loans faster. As you pay off your loans, you can watch your debt decrease and net worth increase on the Mint dashboard.

One bonus is that Intuit, the makers of TurboTax, own Mint. If you use TurboTax to file taxes, you can easily import data from Mint to make filing your taxes a breeze.

EveryDollar is a budgeting app designed by RamseySolution. It revolves around the idea that every dollar you earn should have a job, whether buying essentials, repaying debts, or investing for the future.

EveryDollar works similarly to Mint, letting you link your accounts and view all of your financial information on a single dashboard. It also helps you build and keep track of a budget, making you more mindful about spending.

The basic version of EveryDollar is free, but if you want the full version, including automatic transaction import, you have to pay $99 per year.

Fidelity Spire is a tool designed by Fidelity, the investment company, as an entry-level app to help people control their finances and learn more about managing their money.

Spire is a goals-based app, so you can create goals and keep track of them through the app, whether those goals are saving a set amount of money or paying off your debts. Like many other apps, Spire makes it easy to link your accounts and view everything on a single dashboard.

A unique feature of Spire is that you can invest in stocks and ETFs directly through the app, starting with as little as $1. Investing is important, even if you’re still paying off debt, and Spire can give you some experience with the world of investing.

Qoins is a tool that helps people pay off their debts using a few different strategies. When you sign up, you can choose how you want to pay your debt, such as payroll deductions, purchase round-ups, or smart savings based on your checking account’s balance.

Based on your preferred method, Qoins will monitor your accounts and send additional payments to your lender when possible. The company claims that its customers can pay off debts up to ten times faster than people who follow the standard minimum payment schedule.

Qoins can also help you with other financial goals, such as building an emergency fund. This feature can make it an excellent app to use if you’re starting to establish your finances and want to get on the right track.

Undebt.it is a website application designed around the idea of the debt snowball. The debt snowball strategy involves paying off your lowest balance loans first, then using the money that you were spending on those loans to make extra payments on your larger ones. Your payments grow like a rolling snowball until your debt is gone.

With Undebt.it, you can enter your debt information and see how quickly you can pay off those loans using the debt snowball strategy, as well as the amount that you’ll save on interest over the life of each loan.

Undebt.it+ costs $12 but adds a lot of functionality to the site, including text message reminders for payments, savings challenge plans, integration with You Need a Budget, and other useful tools.

Sometimes, simplicity is what you need. Debt Payoff Assistant is a simple iPhone app that lets you view all of your debts in one place. It doesn’t have some of the fancy features of other tools like automatic account importing or saving your spare change, but it is a practical way to track your debts.

When you open the app, you can enter your loan information and view a dashboard that breaks down your different types of debts and your total amount of debt. You can then use the app to see how much you’ll save using different payment strategies such as the debt snowball or debt avalanche.

Quicken is one of the better-known financial apps. It can help you keep track of all of your accounts, including bank accounts, credit cards, investments, and loans, in a single place. Like other tools, once you link your accounts, Quicken will import the data and build a dashboard you can use to view everything in one place.

Quicken includes a Debt Reduction Planner tool that can help you develop the best strategy for repaying your debts. This debt looks at your income and debts. Based on your ability to make payments, this tool will build a plan that you can adjust as needed.

One thing that sets Quicken apart is that you can transfer money between accounts and pay your bills directly in the app. If you have multiple accounts with different companies, this can make managing your money much more manageable.