This year may not have gone exactly how you had planned for it to go. Many New Years' resolutions got off track because of this virus. However, there's still a lot to be thankful for. Here at Defynance, we are thankful to all of you who continue to support us throughout everything and continue to believe in us and our solution. And we're also thankful for some great student loan resources who have been helping people navigate their debt.
1. Student Loan Hero
Student Loan Hero is an incredible source to help you navigate the frustrating world of student loans. They provide a great number of resources to help you understand and pay down your student debt. They work with a lot of the largest student loan refinancers to help you find an option that fits you. They also provide you with quizzes and calculators that can help you navigate the student loan world. Some of the calculators can help you see how extra payments will save you money in the long run and one quiz helps you determine if you should refinance your student loans. They're an overall great resource to better understand your loan situation.
2. SpenDebt
SpenDebt is a company built to help you eliminate your debt. They do that by linking to your bank account and setting up a microtransaction to occur each time you spend money. You can choose to set aside anywhere between $0.50 to $5.00 for each transaction you make. Let’s say you grab coffee in the morning and then later go out for lunch. For each of those transactions, SpenDebt will set aside the amount you set, so if you set $1 per transaction, they would set aside $2 to pay off your debt. Over time, these payments will add up and before you know it, you'll be debt free.
3. Dolr
Another company that's dedicated to helping you eliminate your student debt is Dolr. Dolr links to your bank and student loan accounts and creates a personalized repayment plan for you. They use a team of PhDs to analyze and optimize your student debt repayments to help you lower your balance as quickly as possible. Dolr even sets up the payment for you, so you don't have to worry about a thing. You can also talk to your employer about setting up a student loan repayment program through Dolr.
4. ROEP
Of course, we couldn't forget about ROEP. Defynance's Resources Optimizing Earning Potential Marketplace is there to help you succeed. With resources in five major categories from wellness to finance, you can find companies that are here to help you succeed. Our marketplace is designed to help you improve your well-being, both physically and financially, so feel free to see what ROEP has to offer.
5. Defynance
And finishing off our list is Defynance, who are helping people eliminate their student loan debt using income share agreements. We may be a little biased, but we think they're a great option to help you refinance your student loans. With their income share agreement (ISA), you only pay a percent of your income instead of a set amount with interest. This means that your payments will change with your income and always be affordable. Of course, if you ever make under $25,000 a year, then your payments pause until you start earning above that again. It could be a great option for a affordable refinance.
You can apply here.
