Best Apps to Help Pay Off Student Loans Faster
- One good way to manage your finances is to use apps to pay off student loan debt faster.
- You can play games for cash rewards, round up purchases and put that money toward student loans, and use the snowball method to pay off debt.
- The sooner you start, the faster you'll pay off your student loans.
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For many Americans, borrowing money to pay for higher education is part of life—but student loans don’t have to last forever. The best apps to pay off student loan debt could help you pay off those loans once and for all.
There are many options for dealing with student loans and other debt, including debt relief. You don’t always need to make big budgeting changes or try aggressive new moves. Sometimes you can make progress on paying off student loans by starting small with a mobile app.
Let’s look at a few of the best apps to pay off student loan debt.
Changed
If you only make the minimum payment on your student loan every month, you’ll end up paying the maximum amount of interest, which adds up over the life of the loan. Changed explains that an average student loan balance of $39,400 could end up costing you more than $60,000 if you only pay the minimum due.
If you want an easy way to find extra cash to pay more on your student loans each month, sign up for Changed. The Changed app made our list of best apps to pay off student loan debt. It automates extra loan payments automatically, based on your everyday spending.
Here’s how the Changed app works. Every time you make a purchase, the Changed app rounds up the total to the nearest dollar and sets that spare change aside. For example, if you buy a coffee for $5.25, Changed will round up and set aside $0.75. Your purchase will show as $6. When you reach $50 of saved spare change, the money is put toward your student loans. This could help you pay off your student loans faster—without a big effort or any complex decision-making.
Without having to actively save extra money yourself, paying more than the minimum is nearly effortless. Plus, Changed sends the money to your loan provider automatically, so you don’t have one more thing to stress about. All you pay is a fee starting at $4 per month (annual plan).
Debt Payoff Planner
The Debt Payoff Planner is a popular app with more than 1 million downloads and excellent reviews on the App Store (4.7 stars) and Google Play (4.5 stars). This app lets you track all your debts in one place, including student loans and other debts. With the Debt Payoff Planner app, you’re not limited to a single payoff method. You can choose the debt snowball or debt avalanche, or try a custom strategy to pay extra toward your debts.
This app offers in-app purchases (for Android) or a choice of subscriptions for iOS starting at $6 per month, with discounts for annual subscriptions. A free version is also available.
Achieve MoLO app
The MoLO money management app helps you increase your money left over (MoLO) each month. You can use the MoLO app to pay off student loan debt faster, or to improve your finances and manage your money in other ways.
The MoLO app works by connecting with your bank accounts and credit card accounts (with your permission) and tracking your spending. Based on your usual monthly income and spending habits, the MoLO app challenges you to cut back on your non-essential spending. This helps you find extra money that you could use to pay off student loan debt faster.
The MoLO app gets high ratings on the App Store (4.7 stars) and Google Play (4.5 stars). And best of all, it’s free. The MoLO app doesn’t charge subscriptions or offer in-app purchases—it’s 100% free to use, with no third-party ads. This free service is yet another way the MoLO app could help you save extra money.
Pay Off Student Loan Debt Faster and Plan for Your Future
Using these apps to help pay off student loans could help you better manage your debt (and manage your money in general), paying it down faster and with less stress. Choose an app to try and download it today. The sooner you get started, the sooner you can get rid of your debt.
If you’re having serious trouble paying off student loan debt or other debts like credit card debt, talk to a debt expert. Some private student loans can be included in a debt settlement program. And if you're struggling with federal student loan debt, explore your options for income-driven repayment plans. If you're going through a temporary financial hardship, deferment or forbearance might be possible.
Learning how to pay down your student loan debt, manage money, and plan for your future shouldn’t be stressful. As a debt relief company that’s been helping people for over 15 years, we know how to create a custom debt relief program that gets you the best possible results. Complete our simple online form to get started today.
*Editor’s Note: The app recommendations in this post are meant as a research tool and guide to give you information on ways to manage student debt. Freedom Debt Relief was not compensated for mentioning any of the companies listed in this post.
Debt relief by the numbers
We looked at a sample of data from Freedom Debt Relief of people seeking credit card debt relief during August 2025. This data reveals the diversity of individuals seeking help and provides insights into some of their key characteristics.
FICO scores and enrolled debt
Curious about the credit scores of those in debt relief? In August 2025, the average FICO score for people enrolling in a debt settlement program was 600, with an average enrolled debt of $25,949. For different age groups, the FICO scores varied. For instance, those aged 51-65 had an average FICO score of 596 and an enrolled debt of $28,694. The 18-25 age group had an average FICO score of 569 and an enrolled debt of $15,215. No matter your age or debt level, it's reassuring to know you're not alone. Taking the step to seek help can lead you towards a brighter financial future.
Home-secured debt – average debt by selected states
According to the 2023 Federal Reserve Survey of Consumer Finances (SCF) (using 2022 data) the average home-secured debt for those with a balance was $212,498. The percentage of families with mortgage debt was 42%.
In August 2025, 25% of the debt relief seekers had a mortgage. The average mortgage debt was $236504, and the average monthly payment was $1882.
Here is a quick look at the top five states by average mortgage balance.
| State | % with a mortgage balance | Average mortgage balance | Average monthly payment | |
|---|---|---|---|---|
| California | 20 | $391,113 | $2,710 | |
| District of Columbia | 17 | $339,911 | $2,330 | |
| Utah | 31 | $316,936 | $2,094 | |
| Nevada | 25 | $306,258 | $2,082 | |
| Massachusetts | 28 | $297,524 | $2,290 |
The statistics are based on all debt relief seekers with a mortgage loan balance over $0.
Housing is an important part of a household's expenses. Remember to consider all your debts when looking for a way to get debt relief.
Manage Your Finances Better
Understanding your debt situation is crucial. It could be high credit use, many tradelines, or a low FICO score. The right debt relief can help you manage your money. Begin your journey to financial stability by taking the first step.
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Author Information
Written by
Ben Gran
Ben Gran is a personal finance writer with years of experience in banking, investing and financial services. A graduate of Rice University, Ben has written financial education content for Business Insider, The Motley Fool, Forbes Advisor, Prudential, Lending Tree, fintech companies, and regional banks like First Horizon.
Reviewed by
Kailey Hagen
Kailey is a CERTIFIED FINANCIAL PLANNER® Professional and has been writing about finance, including credit cards, banking, insurance, and retirement, since 2013. Her advice has been featured in major personal finance publications.
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