Knock 5 years off your student debt with ‘SLOAN’ [Review]
Student loans are something we’d all rather not exist, and paying them off can seem like a mountain you’ll never climb. But there are apps to help with managing and paying off your debt faster, like SLOAN, available to download on iOS and coming soon to Google Play.
It’s an all-in-one student loan management and repayment app. The intuitive dashboard lets you manage up to 30 loans at once (although granted most of us don’t have that many). You can see interest rates, payment due dates and much more.
Beyond tracking your loans, there are a ton of useful features to this app. You can set up automatic repayments every week, month or pay as you go. The app has different repayment methods you can use to pay off your loans in the most efficient way.
But you don’t have the money to start paying back? Or you want to pay the loans off sooner? SLOAN helps you with saving, too. You can round up your credit or debit card payments – or get your family to do the same – and have your spare change go directly towards your loan. It’s surprising how much you can save without even realizing!
Peer to peer giving lets your friends, family and the SLOAN community help you out with your debts by contributing towards your repayments on a one-off or regular basis.
Your employers can also help you out by joining the Employee Benefit Plan – this has been created to be super simple to set up for both you and your employer.
By utilizing the saving strategies in SLOAN, it’s not unrealistic to expect to pay your student loan off years earlier than you had planned. Unfortunately, student loans don’t just disappear, but this app is the closest you’ll come to paying the debt with minimal stress and with the lowest financial burden.
Download SLOAN today on iOS and coming soon to Google Play!