June 3, 2020

Big Announcement: Chipper Core + Pausing Payments

News

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.

Chipper Core

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 Summer 2021) – 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. 💜

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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