11 Best Student Loan Repayment Tools in 2019

Student Loan Repayment Tools 2019

Let’s be honest, there are already too many things we have to figure out coming out of college. What jobs should I apply for? How do I do my taxes? Should I move out?

On top of those, there’s a significant chance you’ll also find yourself adding “What’s the best way to pay off my student loans?” to the list.

To help you easily answer that question (and quickly), we’ve compiled the 11 best student loan repayment tools of 2019.

Feel free to use these at your disposal to minimize the headache—and in some cases, the payments—that come with knocked out your student loan debt.

1. StudentLoanify


What is it?
StudentLoanify is the only DIY student loan repayment tool currently available in the U.S. Here’s how StudentLoanify works.

Why You Should Use it
After providing your student loan information and answering some simple questions, StudentLoanify provides you a free student loan report. It includes how big the monthly payment is expected to be, what the benefits are, and what the drawbacks are for each repayment choice.

This is by far the best way to tackle your student loans. You don’t have to waste time digging through information that isn’t related to you. They do everything for you so you can completely cross all the logistics relating to student loans off your list.

2. PickPocket.me


What is it?
Pickpocket.me is a tool that automatically takes a percentage of your everyday spending and uses it to pay off your loans.

Why You Should Use it
It has all the benefits of ChangEd, another competing tool that we go over in this list. Pickpocket.me makes it easy to pay your student loans without even thinking about it.

However, the coolest feature on this tool is the “Add Sponsors” option. This allows your family members to sign up and help you pay for your student loans also. No other tool has this feature, which is why Pickpocket.me deserves to be near the top of this list.

3. ChangEd


What is it?
Similar to Pickpocket.me, ChangEd is a tool that allows borrowers to make additional payments using spare change that is rounded up from everyday transactions.

Why You Should Use it
If you ever used Acorns, you know how painlessly easy it is to put away money using this “round-up” technique. You can’t feel the dent in your wallet at all, and before you know it, you already have a good amount of money stashed away. Only this time, it’s being used to eliminate loan interests from accumulating.

No budgeting and no scheduling. It’s all automatic and aligns with your natural spending habits.

4. Mint


What is it?
Mint is an all-in-one budgeting app that allows you to track all your finances. This includes your monthly expenses, bills, credit card score, and revenue streams.

Why You Should Use it

Mint is really cool because it’s an easy way to track ALL of your finances. It has a clean user-interface, and helps you analyze your data in a way that is easy to understand.

With all this information, you are better able to create and track your financial goals. This includes saving money for college or paying off student loans.

5. Student Loan Exit Counseling

Student Loan Exit Counseling

What is it?
This is an online counseling session that provides all of the information that is necessary to creating a repayment game plan.

The complete counseling session only takes about 20-30 minutes to complete.

Why you should use it?
You might not remember, but if you graduated from college you already did this once. Usually universities require that you complete this online counseling before you receive your diploma.

Out of the entire list, the Student Loan Exit Counseling is probably the best way to inform yourself on everything about student loans – fast.

6. Google Sheets

Google Sheets

What is it?
Google sheets is a cloud version of Excel. If you are reading this article, you most likely used Google Sheets for at least one project in your college career.

Spreadsheets allow you to make relationships between data you collect, so that you can analyze it afterward.

Why you should use it?
A lot of people already use spreadsheet for their finances. This is because, if you use a spreadsheet, you are in complete control over all the data values you enter and the relationships that you build between the data.

Google Sheets has the added benefit that you won’t ever lose access to your Sheet so long as you are connected to the internet.

7. Unbury.me


What is it?
Unbury.me is a simple loan calculator designed to help you visualize your financial decisions.

Why should you use it?
The website has a clean and easy-to-use platform. After entering your student loan data, Unbury.me gives you easy-to-understand graphs showing you how long it will take you to pay your loan, and how much interest you’ll collect by the end of it.

You’re able to play around with the numbers to affect these numbers – helping you feel satisfied with your repayment strategy.

8. Debt Payoff Assistant

Debt Payoff Assistant

What is it?
Debt Payoff Assistant is a mobile app version of Unbury.me. Its default is to help you pay off student debt from smallest to largest, but you can choose between different repayment strategies if you want to.

Overall, it’s a great student loan calculator to have in your back pocket.

Why should you use it?
It includes charts and graphs, making it easy to visualize your data. Additionally, you can set “payment due” notifications, so you don’t miss a payment.

9. StudentLoans.gov/repay

What is it?
StudentLoans.gov/repay is a website that shows which repayment options apply to you and how to sign up for them.

Why You Should Use it
It might turn out that you’re signed up for a repayment that does not benefit you. The government created this tool to help you enroll in income-driven repayment plans. This is the plan that most benefits you because it ties your bill to your earnings and makes student loan payback more affordable.

10. National Student Loan Data System

National Student Loan Data System

What is it?
The NSLDS is a government website that shows you a list of your student loans and your outstanding interest.

Why You Should Use it
This is the most barebones tool on the list, but if all you’re looking for is to see how much you owe – this is the site for you.

11. Student Loan Hero & Nerd Wallet

What are they?
Both, Student Loan Hero and Nerd Wallet, are websites that are focused on helping you make smart financial decisions.

While Nerd Wallet has a little bit of everything, Student Loan Hero focuses on student loans.

Why you should use it?
If you’re thinking about how you’re going to pay off your student loan, then you should definitely check these websites out.

They are both a great source of written content, and will help you stay educated. This is because they both have a huge collection of articles for a variety of specific scenarios.

The Takeaway

Don’t wait to pay off your student loans. The more you wait, the more interest accumulates. The faster you pay it all off, the more money in your pocket at the end of the day. Start today by using any one of these 11 best student loan repayment tools.

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