May 26, 2020

3 Tips For Modern Latinas To Beat Student Loan Debt

Chipper Help
Chipper teamed up with Janet Cruz Padrón from Latina Money to share her experience as a Latina woman navigating student loan debt. Although written through the lens of a Latina woman for Latina women, everyone with student loans can benefit from Janet’s perspective.
“As college costs continue to skyrocket, an increasing number of Latina students must turn to debt-financing for higher education, often turning hopeful visions of increased opportunity into lasting financial burdens. Fortunately, with some creativity and a little help, debt repayment doesn’t always have to cost you your sanity or well-being. Here are 3 tips modern mujeres (women) can tap into that can help reduce student loan stress:

Remember student loans are an investment in yourself and your future.

You are not your debt, and while you may feel the pressure to press the pause button on your life until you’ve paid them all off, don’t forget to live your life in the present moment! Reflect on the positive experiences or outcomes you’ve had as a result of your education and give yourself permission to continue creating new “in the budget” memories.

Celebrate the wins.

Acknowledging your progress fuels motivation and gives you that extra nudge to keep the momentum going. When you cross a debt milestone – whether it’s paying more than the minimum on a monthly bill, significantly bringing down a balance, or eliminating a balance altogether – take the time to acknowledge just how far you’ve come.  

Find some FinTech friends.

We live in phenomenal times where financial technology (aka FinTech) has made it easier than ever to empower ourselves as borrowers. Seek out the products and services that can help you shave numerical digits and years off of your student loan bill. An amazing FinTech friend I love that I think you’ll love too is Chipper.

Chipper can help you find your best and lowest repayment plan and you can check to see if you qualify for student loan forgiveness programs, all for free! Chipper will truly become a modern mujer’s (woman’s) student loan sidekick! Get started with the Chipper App for free or by clicking the image below to see how Chipper can support you on your own debt repayment journey.”

Use Chipper for Lower Payments

Chipper can help you find a student loan repayment plan that actually fits into your budget. You simply fill out your information and link your student loan account for us to generate your options in seconds. We help the average student loan borrower save over $300 a month off their student loan monthly payment. Lowering your monthly payment plan can game changing for your personal finance and can be done in minutes! Sign up for Chipper today to get on track with your student loans.

Use Chipper for The Best Path to Forgiveness

Finding your path to student loan forgiveness is easier than ever before. Chipper helps members find better Income-Driven Repayment (IDR) plans every day. Once enrolled in an eligible repayment plan, we can help you explore your forgiveness options and understand your path towards forgiveness. Sign up with Chipper today and get on track with your student loans.

Use Chipper for Round-Ups

Paying off your student loans doesn’t have to be a long and painful journey. Round-Ups are a way to directly pay off your loans with your everyday spending! By tracking your linked spending account(s), we will calculate the rounded up amount from each transaction in a week (IE spending $4.28 would add $0.72 to the weekly amount). We then initiate a payment towards your student loan for the weekly amount. Get chipping away on your student loans with Chipper today.

Use Chipper for Public Service Loan Forgiveness (PSLF)

The Public Service Loan Forgiveness (PSLF) program was created to provide relief to borrowers aiding the public sector. Unfortunately, 30% of applicants are denied due to incorrect paperwork. We can help! Chipper was created to solve this issue by assisting borrowers in understanding their options as well as allowing forgiveness eligible users enroll into the best forgiveness program available. Sign up for Chipper today to see your student loan forgiveness options and get the forgiveness you deserve.

Use Chipper for Teacher Loan Forgiveness (TLF)

The Teacher Loan Forgiveness (TLF) program was created to enable teachers working in Title 1 schools to receive student loan forgiveness of up to $17,500 (depending on their teaching subject). Chipper has helped teachers from all over the country qualify for TLF program and can help you get the forgiveness you deserve today. Find out if you qualify for forgiveness in minutes with our employer search tool.

See How Much You Can Save with Round-Ups

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