You could pay back your student loan without even realizing it…
That’s right! SLOAN is a student loan tracking and management app, with some powerful money saving features that’ll help you knock years off your loan. The best thing is that the way the app helps you save money requires no extra effort, and in most cases, you won’t even realize you’re saving!
You – or your friends and family, if they’re nice – can round up your credit or debit card purchases and save the loose change. Instead of saving it in a pot for you to spend on anything, it goes straight towards your student loan. All those coffees and impulsive Amazon purchases could be doing you some good, and it’s likely you can save enough per month using this method to take a good chunk out of your repayments. Maybe cover them completely! This alone could take years off your loan.
And when you start paying back, the intuitive dashboard makes it easy to pay it in the most efficient way. You can see all your loans, interest date, repayment schedule and more. Even better, the app can suggest repayment methods to pay back your loan in the most efficient way, such as highest interest first, saving you money in the long-run.
Employers can also opt to help you out by signing up to the Employee Benefit Plan, which is super simple to set up. Peer to peer giving is the third way to help you save more money by getting friends, family and others to contribute towards your loan repayments on a one-off or recurring basis. Money goes right to your loan repayments, so those who are giving you the money can do so with confidence.
If you could benefit from paying your loan off a bit faster or more efficiently, check out SLOAN on iOS today and coming soon to Google Play!