We have an exciting announcement we’d like to share and how it will affect our existing Chipping features.
As we’ve built Chipper over the past year and a half and worked with tens of thousands of borrowers from all over the country, we’ve realized just how broken and complex the student loan repayment system really is!
Student loan servicers don’t have the borrower’s best interest at heart. They use outsourced call centers to provide guidance to the biggest financial expense most of us have!
Working with student loan servicers is like trying to work directly with the IRS to file your taxes. There has to be a better way!
In order to solve this issue, we knew we couldn’t just offer our existing features as ways to repay. Real change has to be foundational and rather than making incremental improvements, we’ve set out to replace student loan servicers altogether and streamline the entire repayment process. We’re calling this technology we’re building, Chipper Core.
Our mission is to be “The Only Student Loan App You’ll Ever Need.” So we’re building the first complete solution for student loans that empowers borrowers to better understand, actively manage, and pay their debt all from one app.
Repayment (Launched) – Our Repayment tool helps you lower your monthly payments. Just link your loans and we’ll be able to show you which income-driven repayment plans you qualify for. We’ll provide you with an overview of each plan in simple English so you can compare them side-by-side and pick the one that’s best for you.
Forgiveness (Launched) – Millions of borrowers are eligible for 100+ forgiveness programs, but it’s confusing trying to figure out which ones you qualify for. Our Forgiveness tool does it for you automatically. So if you’re a teacher, nurse, governmental, or nonprofit employee, or work in any other public sector try it today to see if you can have your loans wiped away!
Chipping Features (Paused until Late Summer 2020) – Round-Ups, Boosts, and Pool will be back and better than ever.
And more amazing features and tools to come… 😉
So what does this mean?
In order to build Chipper Core, we need to pause all Chipping features. We are striving to have this done by the end of the summer. This includes Round-Ups, Boosts, and Chipper Pool.
We know this is a big bummer, but we promise this update is well worth it!
Lower Your Payments + Forgiveness
What we are offering right now is the ability to discover which income-driven repayment plans and forgiveness programs you’re eligible for. Use our Discover Tool to get started!
Here for you
Please reach out to us with questions or concerns you have. We are here for you and are looking forward to being the only student loan app you’ll ever need. 💜