# Chip: Paying Off Student Loans — Round-Up. Chip Away. Cut Debt > Automated spare change savings app for student loan debt repayment. (iPhone/iPad app by Chip, LLC.) - Source: https://appshunter.io/ios/app/chip-paying-off-student-loans/id1530593550 (this page in markdown: same URL + `.md`) - Developer: [Chip, LLC](https://appshunter.io/developer/1530593552) - Category: Finance, Lifestyle - Price: Free - Rating: 4.27/5 from 11 App Store ratings · 2 written reviews indexed - Age rating: 4+ - Requires: iOS 15.6 · 47 MB - Languages: English - Released: 2020-11-05 - Data updated: 2026-08-29 - Monetization: freemium - User reviews in markdown: https://appshunter.io/ios/app/chip-paying-off-student-loans/id1530593550/reviews.md ## What is Chip? The Round Up App That Utilizes Spare Change to Pay Off Your Debt! Chip® is an automated platform that creates an effortless method to help you pay off your student loans. Our platform cuts interest payments, reduces term length, and saves our users thousands of dollars! Over 44 million Americans are burdened by $1.6 trillion in student loans in the United States. This causes borrowers to pay back these loans over 10 – 20 years and pay huge amounts in interest! In fact, the average American pays over $280,000 in interest payments over their lifetime. Chip® is the debt payment solution to eliminate your student loans! Our platform connects with over 10,000 different financial institutions, connects with your credit card, and is able to make payments directly to your loans. Each time you make a purchase (coffee, groceries, gas, etc.), Chip® rounds up the purchase to the nearest dollar in our app. A Cup of Coffee: $2.50 = $0.50 Chipping Away At Your Loan After you have rounded up $5 or more in spare change, Chip® debits the exact amount from your connected bank account. Chip® does not add to your credit limit, nor do we tack on the spare change to your credit card. Chip® holds your spare change in an IFDC secured banking account until you have accumulated over $25 in spare change. Our platform then makes a payment directly to your loan. Automated, effortless, stress free! Chip® charges a fee of $1.99 per month for unlimited spare change round-ups and unlimited direct loan payments based on your spending habits. If you are looking to accelerate your journey to financial freedom, start chipping away at your loans now! Round Up. Chip Away. Eliminate Debt. ## Key features - Automated spare change round-ups - Direct loan payments - Interest payment reduction - Reduced loan term length - Connects to 10,000+ financial institutions - IFDC secured banking account ## Recent user reviews (2 of 2) All indexed reviews: https://appshunter.io/ios/app/chip-paying-off-student-loans/id1530593550/reviews.md ### 1/5 — Possibly defunct app *2024-05-20* Won’t load, website has no contact for support, last update 3y ago. Bummer! ### 1/5 — Won’t load *2024-02-14* Tried opening it up a dozen times but won’t get past the loading screen ## Frequently asked questions about Chip ### How does Chip help pay off student loans? Chip automatically rounds up your purchases to the nearest dollar and uses the spare change to make direct payments towards your student loans. This process helps reduce the overall interest paid and shortens the loan repayment term. ### What is the monthly fee for Chip? Chip charges a fee of $1.99 per month for unlimited spare change round-ups and unlimited direct loan payments based on your spending habits. ### Does Chip connect to my bank account? Yes, Chip connects to your bank account to debit the rounded-up amounts. It also connects with over 10,000 financial institutions and your credit card to facilitate payments directly to your loans. ### Is my money safe with Chip? Your spare change is held in an IFDC secured banking account until it accumulates to over $25, at which point a payment is made directly to your loan. The app aims to provide a secure method for debt repayment. ### What devices does Chip support? Chip is available on iPhone and iPod devices. It is designed for users who want to manage their student loan payments on the go. ### How often is Chip updated? The latest version of Chip is 1.2.4, which was last updated on February 10, 2021. This indicates a release and update cadence that users can expect. ### What is the age rating for Chip? Chip has an age rating of 4+, making it suitable for a wide range of users interested in managing their finances. ### Does Chip have ads? No, Chip does not contain advertisements. The app's monetization is based on a monthly fee for its services. ## Version history (last 5 releases) ### 1.2.5 — 2026-06-17 • Completely redesigned UI for a better user experience. • Fixed bugs and resolved reported issues. • Added ChipDebt loan tracking functionality. • Performance improvements and stability enhancements. ### 1.2.4 — 2021-02-10 UI Improvements! ### 1.2.3 — 2021-01-29 UI/UX Style Updates ### 1.2.2 — 2021-01-21 Small bug fixes and more explainer language. ### 1.2.1 — 2020-12-12 Bug fixes. ## Apps similar to Chip | App | Rating | Price | Category | | --- | --- | --- | --- | | [Debt Snowball - Payoff Planner](https://appshunter.io/ios/app/debt-snowball-payoff-planner/id1478622759) | 4.7 (1,321) | Free | Finance | | [Loan Calculator - Loan2Me](https://appshunter.io/ios/app/loan-calculator-loan2me/id1442980816) | 4.8 (8,234) | Free | Finance | | [Debt Payoff Planner & Tracker](https://appshunter.io/ios/app/debt-payoff-planner-and-tracker/id1009323715) | 4.7 (7,221) | Free | Finance | | [Loan Calculator - Debt Planner](https://appshunter.io/ios/app/loan-calculator-debt-planner/id1059124601) | 4.6 (22,434) | Free | Finance | | [Refinance-Home Loan Calculator](https://appshunter.io/ios/app/refinance-home-loan-calculator/id1155084232) | 4.8 (52) | Free | Finance | | [Div Income, Get Paid to Invest](https://appshunter.io/ios/app/div-income-get-paid-to-invest/id1670813500) | 3.0 (2) | Free | Finance | ## Related topics [debt student](https://appshunter.io/ios/topics/debt-student) · [chip](https://appshunter.io/ios/topics/chip) · [student loan debt](https://appshunter.io/ios/topics/student-loan-debt) · [sltf](https://appshunter.io/ios/topics/sltf) --- *Data collected daily from the US App Store and indexed by [AppsHunter](https://appshunter.io/). User reviews are verbatim App Store reviews. Ratings, prices and chart positions refresh continuously; this snapshot is from 2026-08-29.*