Students are still being charged exorbitant interest rates for their student loans.
Now, a new startup is offering students a cheaper option for borrowing money online.
Depaul’s Campus Connect app is designed to make it easier for students to get their loans serviced by their banks and credit unions.
The app lets you pay off your loans as quickly as you pay in, and allows you to choose a loan type that suits your needs and budget.
The website also allows you set up payments with PayPal, credit cards, and other payment services.
Students can sign up for the free app and see their payments processed instantly, even if they don’t have the funds available to pay them off.
Students and parents can also access a wealth of information about their loans, such as their credit score, repayment rates, interest rate, and more.
For a one-time fee of $20 per month, students can pay off their loans using their student loan account.
To get started, users can download the app and login to their account.
From there, they can enter a PIN and choose an amount to pay off in their mobile wallet.
They can then log into the app, set up payment options, and view their progress.
“We have been hearing from students that the app is very helpful in helping them save money,” said Lisa Bowers, president of Depaul.
“Students can access the full financial information, including the payment terms and payments, as well as how to pay for their loans.
We’ve heard students use the app to make sure they are paying off their loan as soon as possible.”
The app also lets students set up recurring payments.
Students who want to save a little bit on their student payments can set up monthly payments on the app.
Once they’ve made their first payment, students will see an option to set a payment date for the next payment.
They’ll also be able to review their payments over the next month and see if they can pay back the loan in the same month.
“By allowing students to set payments, they’re able to get a much more accurate and more transparent way of tracking their loan payments,” said Bowers.
“It’s also helpful to them to see the monthly payments that they’re making on their loans.”
To learn more about the app or to sign up, students need to log into their account by going to www.depaul.edu/campus-connect.
“There’s a huge demand for our apps,” said Andrew Siegel, CEO of Depauw Education, the company that created Depaul Campus Connect.
“When we created Campus Connect, we knew we wanted to make the app accessible to more students, particularly in underserved communities and low-income families.”
Student borrowers can get up to $1,000 off with the Campus Connect mobile app, which includes a personalized loan calculator, repayment rate, interest rates, and payment terms.
Depau.edu has partnered with Credit Suisse, which offers a free credit score to anyone who has a valid credit card, and can also make payments for student loans through their PayPal account.
Students should note that Depaul also offers an optional app for those who need help with their student debt.
Students looking to make a down payment on a home can access a free app that offers a loan calculator and payment options.
The free app also provides loan information and monthly payments to help students prioritize their loan repayments.
Students with outstanding student loans are eligible for the loan forgiveness program.
For more information, visit depaul.ed.gov/student-loan-reparations.
Depu.edu’s CampusConnect app is available for free from the App Store and Google Play, and users can start using it today.