If you’re one of the 45 million Americans who are currently paying off their student loans, you know exactly what the student debt crisis looks like: a baffling administrative and financial ordeal with no apparent end.
Sloan is the product of this experience and your journey out of it.
Creator Bryan Harris came up with the idea while trying to juggle his own fixed-digit student debt on multiple loans. It was impossible to know what he owed to whom, let alone keep track of his repayments. So he created a better way.
The app is basically a comprehensive dashboard that lets you see all of your debts in one place.
It lets you set up automatic payments at different intervals, pay manually for maximum flexibility, choose to offset one loan at a time or pay them all off at once in smaller increments, and more.
Whether you prefer to target high interest loans or wipe out the smaller loan game first, Sloan lets you see exactly what the implications are and follow your chosen course of action with consummate ease.
Sloan even calculates interest for you and uses smart visualization tools to tell you at a glance which course is the most profitable.
And it lets you transfer money between bank accounts, perform credit card shopping roundups, and even manage your digital wallets for cryptocurrency transactions.
But Sloan is not just a simple management tool. It is also a fundraising platform, allowing you to receive peer-to-peer contributions of friends and family, establish an employer benefits contribution plan, and channel payments for the employer. self-employment directly in your loan accounts.
You can download Sloan for free now on the App Store. Android version is coming soon.