Student debt is an enormous problem in the United States, which is why this platform for student loan management and repayment is so helpful. Yet to launch startup CommonCents allows users to save the small change from their everyday purchases to put towards their loans. Through this system, CommonCents believes the average student will be able to save more than $22,000 and get rid of their debt five years sooner.
In addition to being able to put spare change from the things you buy on a daily basis towards student loans, you also have the option of setting a one-time or recurring lump sum payment from your bank account. The student loan management platform has a feature that lets you cash out your Venmo balance too.
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