Statistics show that more than half of all American students rack up debt in the pursuit of education, and to date, each student’s average loan debt is approximately $37,000. One new app, Genie, was created by students to help other students manage, visualize, and pay off their student debt fast, helping to reduce student debt, late payment fees, and paying on the debt for years and years to come.
Genie offers a roundup feature that intuitively puts extra change from purchases towards the user’s student debt. Instead of paying on their debt once per month, current and past students alike can watch their debt shrink as they progressively pay on it. In addition, the app helps students stay on track with their debt management goals with reminders regarding their loan payoff and investments.
Using Genie to make early payments can help to reduce interest rates while also closing in on the payoff balance. All of this can be done from the Genie app’s easy to use interface.
Right now, Genie can be found in both the iOS Store and the Android Store. Students can manage their loan debt more conveniently and intelligently than ever from the palm of their hand.
More information can be found at https://www.genie.so/.
Genie helps students manage loans with its intuitive, easy to use app.