A student loan repayment application

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Student loans have always been a major concern for recent or future college graduates. When you navigate your first job, find a place to live and try to save money, adding thousands of dollars in student loan debt can seem like a dark cloud looming over your head.

The reality is that struggling to make your student loan payments can have a detrimental effect on your financial and mental health. It can become overwhelming quickly, so your best bet is to have a plan on how to pay off your debt. That’s why I like applications Lively are designed to help you optimize your loans and eliminate debt faster, making the debt relief journey more realistic.

Chipper is a student loan repayment application that helps users navigate their debt by introducing understandable loan write-off plans, lower monthly repayment plans and a “Rounding” feature so you can get rid of your debt faster. If you need some guidance on repaying your student loans, especially as your federal loan repayment period ends in May, Chipper is a good place to start.

Below, Select looks at Chipper features and charges to help you decide if this platform is right for you.

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Chipper application review


of Chipper The feature that stands out is the Round-Ups tool, which allows users to remove the rest of their student loan with their extra change from daily shopping. After linking their private or federal student loans to the app, as well as their bank account, users will round up their purchases from their debit card to the nearest dollar and the difference will automatically go to pay off their debt. This works in a similar way to the investment application Oak treerounding function, which automatically deposits backups in a differentiated investment portfolio for you.

Chipper also connects you to federal student loan forgiveness programs that you probably did not even know existed. After linking your loans and information to the application, it checks for which forgiveness plans you would potentially pay. Then compare each program and once you find what you think is right, Chipper will guide you through the application process.

If you do not qualify for a forgiveness plan, Chipper can help you find an income-based repayment plan and possibly help you reduce your monthly payment.

Looking forward to the future, Chipper users will eventually have access to cash back rewards when they repay their student loans. In addition, they will be able to use the app to boost their credit. Please note that Chipper is not a lender and therefore does not offer student loans or refinancing student loans.

In order to save even more money, it can be beneficial to refinance your student loans. Refinancing allows you to get a potentially lower interest rate on your loan, which will reduce your monthly payment and save you money in the long run. Select ranking SoFi student loan refinancing as the best overall company to refinance your student loans. However, keep in mind that if you have federal student loans and refinance them with a private lender, you may lose federal benefits, such as income-based repayment and a public service loan forgiveness.

The Chipper app is available for free download both in the App Store (for iOS), where it has 4.2 / 5 stars, and in Google Play (for Android), where it has 4.4 / 5 stars, at the time it was published the article written.


One of the main advantages of Chipper is that it currently has zero charges for users to access its services.

Although this is subject to change, no charge can be an advantage for anyone – especially those in a tighter budget, but still want to be proactive about their student loans.


Lively is ideal for those who want to ease the stress of student loans and need a little clarity on how to get started. It gives you enough guidance to understand your federal loans and forgiveness schemes, but it also gives you that extra incentive to pay off debt consistently with the Round-Ups feature.

In addition to applications, there are also financial products that you may want to consider that will really affect your student loans. For example, with SoFi credit card, cardholders receive a 2% cash back on all eligible purchases when redeemed for repaying SoFi student loan debt. Read the full review of Select to learn more about the SoFi credit card.

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Writing Note: The opinions, analyzes, reviews or recommendations expressed in this article are those of Select editors only and have not been reviewed, approved or otherwise endorsed by any third party.

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