Best Apps to Help Pay Off Student Loans Faster
ByBen Gran
UpdatedJun 28, 2025
- 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.
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 stats and trends
We looked at a sample of data from Freedom Debt Relief of people seeking a debt relief program during May 2025. The data uncovers various trends and statistics about people seeking debt help.
Debt relief seekers: A quick look at credit cards and FICO scores
Credit card usage varies significantly across different age groups, reflecting diverse financial needs and habits.
In May 2025, the average FICO score for people seeking debt relief programs was 593.
Here's a snapshot by age group among debt relief seekers:
| Age group | Average FICO 9 credit score | Average Credit Utilization |
|---|---|---|
| 18-25 | 574 | 81% |
| 26-35 | 580 | 80% |
| 35-50 | 586 | 77% |
| 51-65 | 593 | 74% |
| Over 65 | 611 | 68% |
| All | 593 | 74% |
Use this data to evaluate your own credit habits, set financial goals, and ensure a balanced approach to managing credit throughout your life.
Collection accounts balances – average debt by selected states.
Collection debt is one example of consumers struggling to pay their bills. According to 2023, data from the Urban Institute, 26% of people had a debt in collection.
In May 2025, 30% of debt relief seekers had a collection balance. The average amount of open collection account debt was $3,203.
Here is a quick look at the top five states by average collection debt balance.
| State | % with collection balance | Avg. collection balance |
|---|---|---|
| District of Columbia | 23 | $4,899 |
| Montana | 24 | $4,481 |
| Kansas | 32 | $4,468 |
| Nevada | 32 | $4,328 |
| Idaho | 27 | $4,305 |
The statistics are based on all debt relief seekers with a collection account balance over $0.
If you’re facing similar challenges, remember you’re not alone. Seeking help is a good first step to managing your debt.
Regain Financial Freedom
Seeking debt relief can be the first step toward financial freedom. Are you struggling with debt? Explore options for debt relief to regain control of your finances. It doesn't matter how old you are or what your FICO score or credit utilization is. Take the first step towards a brighter financial future today.
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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.
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