The Innovative Platform to Help You Tackle Student Loan Debt Faster!
- Carl Wambold
- Aug 4, 2020
- 2 min read

Trying to save money for anything can be difficult - Trying to put extra money down on your student loans is at another level of boss mode. Now, thanks to ChangEd, people are able to do both much easier without the hassle of constantly looking at their accounts. A new spin on the piggy bank, ChangEd takes a similar concept of Acorns, but applies unused change to your student loans rather than in an investment portfolio. By using the ChangEd app, it rounds up each transaction to the nearest dollar and applies the difference to your student loans once $100 is reached.
*Watch the following video by clicking on the link to learn more about ChangEd, and how it can help you save thousands...… ChangEd

Here's an example of how the app works, without you realizing it's actually working:
After you have completed setting up your ChangEd account, the app will start analyzing your spending. Let's say you spend $1.84 at Starbucks for a bottled water, the app will save $0.16.
Once you get up to $5 in savings, the app will send the money to your ChangEd FDIC insured account. FDIC is important to consider when putting your money in investment apps, or anything in general. If an app is not FDIC insured, you have the risk of losing all of your investment if something were to happen to the company, such as the company filing for bankruptcy.
When your ChangEd account reaches $100, the money will be sent to your student loan account as a payment. The only pitfall of the app is that ChangEd charges a $1.00 per month fee, but that doesn't sound so bad when it is assisting you in putting your money where it should be.
The app allows you to track your progress in real-time. This is great to remain focused on your goal of paying off your debt faster, but also being able to understand the capabilities the app has to pay off your debt faster when it shows you how much time & interest it has helped you save.
Make sure to head on over to ChangEd to start paying off your student loans faster!
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