"If you have Student Loans, you need this app" - Mark Cuban, ChangEd
Investor “…I already feel like it is helping me make a dent in my student
loan debt. It is super simple to use, and I enjoy checking to see how much I’m
saving. I also love the updates they give you on how much you are...
A good idea but it could use some improvements
I really like idea of money rounding apps such as this or ones that invest rounded change for you. However I wasn’t able to actually use this one. Unlike the investment apps I’ve seen this one takes a little more initiative on the users part to sign up. It’s not as simple as giving permissions to sync with your banking account and student loan account. It requires reviewing numerous screens on your loan account to find all their requested information. It does break it down for you and show you where to find all the required information according to who your loan provider is but in the end it wasn’t worth the aggravation. This isn’t a payment plan so it’s not really a necessity and isn’t going to make you’re life easier. You’ll still need to makes sure your amount is paid in full each month. For me it wasn’t worth the hassle just to put a few dollars into the accounts each month. Overall it’s a great concept but not worth the hassle.
Confusing, and overdraft fees
I was really excited to try this app because I never pay more than the minimum on my loan. But the numbers were really confusing and didn’t always add up. I emailed support about it and they just responded with the basic explanation of how they collect change. Also, they are really bad at communication exactly when and how much money they will take out of your account. I got the email notification and was still waiting for days, so I made a payment at the vet and the next morning I had an overdraft fee of $30 just for under $10 that had been collected. I immediately disconnected my bank account but I was really disappointed that they would wait until I had no money in my account to take it out. And if we are collected spare change to pay massive loans, why even charge a fee at all?? There should be a warning or a notification that there is insufficient funds and try again later. This really messed me up on a week where I was very tight on cash.
Great concept, but had issues
I saw this app on Shark Tank, it seemed awesome and I was excited for it. Downloaded it, went through the whole set up process and everything. After a month my loan servicer/provided still wasn’t linked. I messaged support and all they did was walk me through how to connect, which I already know how to do. My federal loans are consolidated, it wouldn’t allow me to pick the 1 loan....it listed every single loan I had, which makes it hard to choose and type in all the correct info. I finally just wanted to cancel my account and get my money out. They canceled my next round-up dispersement which was fine, and said they would provide a way for me to get my money out. Well I still haven’t been able to get my money out and I even had to unlink my bank acct bc it kept taking round-ups and I don’t want to use the app anymore....I just want my money out!!!!! I will use a different app I found.
Almost to second payment now
Edited Review - I had griped that my account wasn’t linking but has now been restored. I am almost to my second payment and use the boost button often when I bring my lunch from home instead of going out at work. The concept of the app is great and they are responsive to your questions. I think it’s a nightmare for them to figure out and maintain linking to hundreds of different banks, credit unions and credit cards and that’s usually the origin of anyone’s complaints - they can’t control your bank. Anyway, so far I’m glad I found this and will keep using it.
Don’t do it
In theory this is an awesome program. A friend told me about it and when she explained that they would collect all of the loose change in my account I fell in love because who is really pressed for change.. Everything was fine until the payment was “sent” to my student loan. The payment was never received. For two weeks I’ve been trying to rectify the situation but this companies communication is horrible. It’s like they pick and choose which emails to answer and when they do they give you some bs reason as to why the payment wasn’t received. I even went so far as to screenshot my payment history as proof and guess what?! I was met with no response. Like someone said above just pay your own bill. They are full of it and for all I know they are just sitting on my money. I’ve asked for a refund and if I do not get all of my money back I will take action with my bank
Improved credit score!
I signed up for the service because I thought it would be a helpful way to pay down student loans faster. I finished grad school in 2007 and STILL have loans I am paying down. So far in just a few months, I have thrown an extra $100 at my loans 4 times, which is really starting to make an impact. I just got my monthly credit report and I saw that my score has gone up about 30 points just from this extra payoff process. It’s a wonderful accidental side benefit that will really payoff (pun intended) when I go to refinance my house later this year!
Easy way to pay off student loans!
I downloaded the app a little while back and so far I made 7 payments with it towards my student loans! Now with the new multi loan feature I was able to link my Navient and EdFinancial loans with ease and I’ve been keeping track of both servicers within the app. What amazed me the most is that, before the new feature ChangEd was sending payments to my Navient 1-05 loan, but now since I’m able to select which loan to send payments towards I’m targeting my 1-01 loan and my last payment with the app was made towards that loan! Thanks ChangEd #RIPStudentLoans
I love the idea of throwing spare change at my student loans but this app has never worked right for me. Some of my transactions never show up under the appropriate accounts that are linked so it’s hard to see where the spare change is coming from. Also with my credit card the app is pulling twice the amount of money it should be since it’s recognizing a pending transaction and posted transaction as two charges when it’s the same charge. I’ve emailed multiple times to contact someone about this and never get a solid answer back. I’m told it’s being worked on whatever that means. On a positive note I just sent my first $100 payment towards my student loans! Great app but the functionality needs much improvement.
Helpful and Highly Recommended
Honestly, I spend a lot of money on food, gas, and things I probably don’t need. In other words, I charge my card a lot. ChangEd rounds each credit card purchase to the nearest dollar. The app has its own savings account that collects the rounded difference. Once the funds add up to $100, the money then attacks to your student loan debt. It’s nice to watch $5 here and there add up to $100. It feels even better to see that $100 decrease student debt. I highly recommend this app. At the very least, give ChangEd a try.
The best app out there
I downloaded ChangEd and it is the best app I have ever gotten. Even though I was not too sure about it I linked my accounts and just let it take the round ups I authorized. Now it is not even a year later and it has made 11 payments of $100 each to my loan. I cannot say thank you enough to the people who started this app. If I keep going I will pay off a student loan for my son that was for 10 years in 3. I am very grateful.
I was Really excited to be get going after hearing what was possible inside of this app. Unfortunately my experience has been less than satisfactory. From the beginning there were problems syncing my bank account inside the app. I continued to get error messages so I reached out to the support team. At first they got back to me and told me the issue was resolved since they saw it as synched. I explained that I had just re-synched it and all they were seeing was a short period of the app working correctly. I had to re-submit a complaint to support. They responded that they were investigating and that I would have a follow up shortly. That was 10 days ago. By now I’ve given up. It never worked from the beginning. RIP Changed App
Surprised! It’s useful!!!
Like many others on here I found myself pleasantly surprised after a few months. I downloaded and linked everything about 5 months ago one day when I heard about it and was bored. Admittedly I was skeptical and the user interface was a bit choppy. Since then, they’ve improved it a bit and they are about to send my 5th payment of $100!! I even checked my student loan account and yup the payments are applied. Overall, while it has some flaws, this app is so useful especially for me that I deferred and am not paying my loans right now, but this is keeping the interest at bay! And I plan on keeping this going when I do start paying so that it increases the rate at which i pay off my loans! I recommend this app to friends and colleagues all the time
One and Done
I originally signed up for the app a year ago. Connected my bank account, my loans, and was off to the races on saving money and making a payment. Eventually I got to the point where a loan payment was made, great! However, a little over a month later I moved states and subsequently bank accounts (from a ‘traditional’ bank to a federal credit union). When I went to link my new credit union up, they had implemented the Plaid interface, which my credit union is not a part of. It’s been 8 months now that my account has been on hold and I just keep going round and round with support with no answers. I loved this concept, still want to, but not worth the hassle at this point.
Lovvve this app
At first I was a little skeptical because it felt like it was taking forever to collect money or do anything, but it finally dropped a deposit and I was amazed. I realized it takes a while because it’s taking money without you realizing which means it’s not taking big chunks of money which I love. I do wish that the app explained what it was doing just a tad bit because for a long time I was trying to figure out why I was looking at a giant squirrel that slowly turned orange. Other than that great app.
Incrementally decreasing my son’s college debt
This app is easy to set up and then the rest just happens for you automatically - rounding up my purchases and paying it towards my son’s student loans, each time my roundups reach $100. At the pace of my spending, I’m guessing I’ll end up contributing about $500-$600 per year to my son, without me really even noticing it through those individual roundups.
No. The ChangEd App does not seem very safe to us. This is based on our NLP (Natural language processing) analysis of over 2,948 User Reviews sourced from the Appstore and the appstore cumulative rating of 4.7/5 . Justuseapp Safety Score for The ChangEd App Is 17.4/100.
No. The ChangEd App does not seem legit based on our analysis. This conclusion was arrived at by running over 2,948 The ChangEd App User Reviews through our NLP machine learning process to determine if users believe the app is legitimate or not. Based on this, Justuseapp Legitimacy Score for The ChangEd App Is 17.4/100.
The ChangEd App works most of the time. If it is not working for you, we recommend you excersise some patience and retry later or Contact Support.
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