“Chipper is the student loan crushing app we’ve been waiting for.” - Dan Macklin, Cofounder SoFi
“Chipper is the most exciting finance app of 2018.” - Katie Lebosco, CNN Money
Imagine eliminating your student debt every day. That’s what Chipper does!
It’s the easiest way to pay off student loans. We round up change from your everyday transactions and automatically chip away your pesky student debt.
A LITTLE CHANGE, BIG IMPACT
The average student loan borrower with $37,500 will save over $6,200 and 4 years on repayment using Chipper!
CREATED & BACKED LEADING EXPERTS
Chipper was created by the founder of the Student Loan Genius - the first ever student loan benefit - where he helped companies like MasterCard, Pinterest, Ralph Lauren, and New York Life eliminate their employee’s student debt.
Investors and advisors include founders of SoFi, Dosh, & NerdWallet.
Yeah, we kinda know our stuff.
HOW IT WORKS
It's super simple. In 3 minutes you'll be on your way to being debt free years faster.
Link Your Accounts - Connect your student loans and cards you use to buy stuff every day.
Spend Like Normal - Go about your daily life and spend money like usual. We'll round each transaction to nearest dollar.
Watch Your Loans Disappear - Sit back and feel chipper as you watch your student loans get chipped away at the end of each month.
$2 TO FINANCIAL FREEDOM
A silly low monthly fee to save you thousands of dollars and years on repayment. Not sure why you would, but cancel anytime.
We take the same security measures as your bank. We also do not store your banking information on our servers, and we only access it when we need it.
We've drastically improved the performance of the transactions and payment history screens.
Ratings and Reviews
Good idea in theory but...
According to their website and FAQ, the payments they make are towards the principle amount, and not the interest, and thus decreases the amount of your debt faster. However, my loan provider, Nelnet, has a record that the amount paid for last month was towards the interest, not the principle.
I also tried looking at my past round-ups of the month prior, but nothing comes up. I don’t know what’s going on. On top of all that, the diagram that shows the projected amount of student loans seems to be shifted towards the right and off my screen. It might just be my phone, as it is a model that is more than 4 years old and I refuse to get a new one until it dies, but all the other apps I have seem to adjust to my phone with no problem.
I have sent in a question to their support team in the app a week ago and have not heard back at all. It seems they have too few people handling customers and not enough foresight to handle the job they gave themselves. They may also be operating on too low a cost. I’m going to give them till the end of the month to answer me. If they don’t, I’ll pause all payments and ask for a refund.
Edit: They have contacted me before the end of the month, but they haven’t really adequately addressed my concerns. I’m not deleting the app yet, but I have paused payments. They still take forever to respond, though. They should honestly change the statement on their chat function from “within a few hours” to “within 1-7 business days”.
Developer Response ,
Thank you for the thorough feedback and review. We apologize for all delays as had to ramp the team up.
Thank you for being with us. Our last release addressed many issues users were having. Please reach out as we would like to connect further at
As a current college student, I recommend this app.
Upon downloading Chipper I was nervous about handing my information over to an app, but setting my account up was extremely simple. Any issues I came across were handled by the extremely kind support team!! They all seem to be genuinely passionate about the student loan crisis, which is quite refreshing to see.
Overall, the app has worked very well for me. I’ve allotted a decent amount of money toward my student loans! I’m grateful I get a chance to handle my debt while still in school. It makes me feel like I’m actually doing something and not just letting dollars add up.
Developer Response ,
You are amazing... Keep Chippin’.
Thank you for helping us get better.
Will be closing my account soon
I had my transactions rounded up for September. They didn’t pull money out of the bank account until mid October. And since then, there has been no payment to Sallie Mae at all. I do not trust this app. All I have gotten was from support was “We are working with your processor (Sallie Mae) to make sure they can receive the loan. (Receive the loan? Maybe they meant to say payment) This is new for them as well.”
This should have been worked out before taking money from people if the people behind the app are still trying to figure out how to make the app do what the app said it would do. Have requested a refund and will be closing the account soon. In the meantime, I have turned off roundups since I have no trust in the app with using my money properly.
Developer Response ,
Thank you for the review and feedback. Our last release addressed many of the issues users were having and we have better ramped the team to deliver the support you deserve. You are right, There were plenty of complications as we tackle student loan debt and we are working to get better every day.
Please reach out as we would like to thank you for helping us get better.
With Family Sharing set up, up to six family members can use this app.