ChangEd is a service to help student loan holders get out of debt sooner using their own spare change! Works similarly to other “round up” applications like Acorns, DollarBird, and Digit. While they work to putting your small savings towards a savings or investing account, ChangEd allocates the money for your students loans.
ChangEd takes the pain out of tough budgeting by naturally aligning with a user’s spending. Change roundups can make a massive impact on student debt. An average user can save up to $14,000 in interest and years off their term all by the power of spare change.
ChangEd Summary
| Features | Syncs to your student loans, bank accounts, and credit cards Uses roundups Makes automatic extra student loan payments |
| Monthly Cost | $3 |
| Maximum Payment | $100 per week |
| FDIC Insured? | Yes |
| Promotions | None |
ChangEd Features
ChangEd lets their users collect change, pay down Student Loans, get out of debt sooner, and save money! They link your student loans and building a smart repayment plan that takes into account of your debt and spending habits.
Just connect your bank and credit card account then ChangEd will round up your everyday transactions. And once you reach $5 in roundups, they will transfer the funds from your bank account into your ChangEd account. Your ChangEd balance builds up to $50, the app will send an extra payment to your student loan servicer. Other features include:
- Simply link your main spending cards and ChangEd do the rest and save for you automatically.
- Link your student loans in your main hub and track your savings in your ChangEd dashboard!
- You also have the option to BOOST your savings directly in the app and knock out those student loans when you have an extra $20 here and there.
- Schedule transfers to save on your own terms.
- ChangEd runs in the background to save for you and automatically send payments.
- ChangEd PERKS is the only program that rewards you for getting ahead of your student loans. Earn points for completing milestones in the app.
- Resources to help you learn more about your student loan debt and how to pay it off sooner.
ChangEd Pricing
ChangEd Limitations
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Conclusion
ChangeEd uses the spare change from your everyday purchases to make additional student loan payments automatically to help you pay down your student loan debt sooner and for less.
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