Looking for the latest technology to help you eliminate student loan debt? That's where Chipper App comes in!
Chipper is a student loan repayment app that can help you find the best student loan repayment plan, loan forgiveness options, and even let you round-up your purchases to "chip" away at your student loan debt faster!
Plus, they also have a concierge feature where you can get help from a real student loan debt expert!
Will it help you pay down your student loan debt faster? Here’s what we found.
- Find the best student loan repayment plan and loan forgiveness options
- Round up app that applies round up savings to your student loans
- Student loan concierge that can help you with questions
Chipper App Details
Find the best repayment plan
Pay What You Want
What Is The Chipper App?
The Chipper App is a tool that will help you pay off your student loan debt more effectively by helping you navigate the repayment plans and forgiveness options out there.
You can also enable the “round up” feature that automatically rounds up credit and debit card purchases to the nearest dollar. Roundups are held in an account. At the end of the month, the money in the account is applied to your student loan.
Chipper is an accurate name for this app. You’ll chip away at student loans. During certain phases of your debt payoff journey, chipping away at debt is a fine approach.
How Chipper Works
Chipper works by linking your student loans to their app. You do this within the app, and Chipper will pull all of your loan data and analyze it.
Right now, Chipper only supports Federal student loans, but private student loan support is coming.
Once you connect your loans, Chipper will look to see if you're in the best repayment plan, or if you qualify for any loan forgiveness programs. While it doesn't see if you qualify for every loan forgiveness program, it does look at the two major ones: Public Service Loan Forgiveness and Teacher Loan Forgiveness.
If you're not on track with the best repayment plan or loan forgiveness, you can apply and enroll in the correct program right from the app.
Student Loan Concierge
One of the best features of Chipper is that you can get help from a real human. You pay for this feature, but if you need professional help, you can get it for a reasonable price with their Student Loan Concierge feature.
For just $49 per year, you can get access to a real human, plus reminders to re-certify your income, and just make sure your student loans are on track. Depending on your situation, this could be extremely valuable!
Once you're on track with repayment, you can take advantage of Chipper's Round Ups, where you can round-up your purchases and apply that amount to you student loans.
This is the core concept of "chipping" away at your student loan debt.
What Alternatives Are There?
The space to pay off student loan debt is growing right along with the amount of student loan debt in the United States. Chipper is just the latest addition to the party.
There are two other main apps that can help you pay down your student loan debt and help you enroll in loan forgiveness: GradJoy and Snowball Wealth.
GradJoy - This app also allows you to connects your loans, find the best repayment plan, and make all your loan payments from this simple app. They don't have a real human feature, and their pricing isn't transparent. Learn more here.
Snowball Wealth - This app also connects your loans and helps you find the best repayment plan. This app is very community-driven, mostly focused on women. This app is free, and makes money by recommending student loan refinancing if it makes sense. Learn more here.
If you're looking for a real human approach to help you with your student loan debt, there is only one real solution - The Student Loan Planner. This is a group of CFPs that are trained in helping people with their student loans. However, the price is significantly higher, since you're paying a financial planner to craft a plan for your money and student loan debt. Check out our review of the Student Loan Planner here.
The Final Take
Compared with other debt payoff apps, I love the Chipper app. The value it delivers with its student loan concierge feature is amazing.
When looking at your student loan repayment, there are over 100 different options for borrowers. Having a combination technology plus human assistance is huge.
If you're looking for help with your student loans, check out Chipper.
Ease Of Use
Pricing And Fees
Chipper App is an app that’s designed to help you pay off your student loans and find the best repayment plan. They will also help you find loan forgiveness options, and their tools allow you to round-up your purchases to “chip” away your loans faster.
- Help you find the best repayment plan and loan forgiveness options
- Chipping features allow you to round-up purchases to pay off loans faster
- Pay what you want for assistance
Robert Farrington is America’s Millennial Money Expert® and America’s Student Loan Debt Expert™, and the founder of The College Investor, a personal finance site dedicated to helping millennials escape student loan debt to start investing and building wealth for the future. You can learn more about him on the About Page, or on his personal site RobertFarrington.com.
He regularly writes about investing, student loan debt, and general personal finance topics geared towards anyone wanting to earn more, get out of debt, and start building wealth for the future.
He has been quoted in major publications including the New York Times, Washington Post, Fox, ABC, NBC, and more. He is also a regular contributor to Forbes.