How To Create A Student Debt Managing App Like SLOAN

5 Minutes Read
how to create a student debt managing app like sloan

Harnil Oza

Founder and CEO

Mar 23, 2021

Mobile apps have figured out several ways to help kids, youngsters, adults, and seniors. It has paved its path to support students as well, not only in education but also in student loans. In the past few years, there has been a massive rise in students’ loans for chasing higher education. As per Forbes, student loan debt in the U.S. has reached $1.6 trillion in 2020’s 1st quarter, increasing over 116 percent during the last 10 years. It looks that loan repayments have become a lifestyle for students with debts going over for decades. Therefore, with such debt pile up, it becomes essential to make timely payments & keep track of your monthly installments. Hence, if you are moving ahead to having a simple life without stressing about your student loan, there is an app to manage your monthly payments & save funds.

SLOAN app is the top student loan repayment app for managing your student loan and making repayments on time. This app allows you to easily calculate interest with the student loan calculator & repay your loans in the order you choose.

In this blog, we’ll talk about this app in more detail, such as its pros and cons and how it got introduced in the market.

Introduction To SLOAN App

Sloan is one of the top FinTech platforms that combines payment solutions & charitable giving to manage student loans & create a personalized repayment system efficiently. Sloan app allows borrowers to integrate their loans from various lenders into one user-friendly platform. Sloan app also provides:

  • Original and patent-pending repayment methods.
  • Involving the fund transfer between bank accounts.
  • Digital wallets.
  • Crypto from within the application.

Using Sloan, borrowers can even enjoy a vast range of options like paying off student loans monthly/weekly, paying off smaller loans quicker, or paying off additional to highest interest loans first. They can even set up automatic reductions from their bank account or automatically implement purchase round-ups through debit cards.

The founder of the Sloan app, Bryan Harris, came up with an excellent idea of introducing a financial technology platform for students from his borrowing experiences of paying off student loans. With more than 6 figures of debt hovering over his head, he tried his best to keep track of the multiple loans and found it tougher to get ahead of them.

This challenging experience stimulated him to introduce the Sloan app. This is one of the top loan managing apps that eases the process and helps students to manage & track their loans in one place. This app also allows friends, families, employers, and even those you haven’t met to help contribute on your behalf.

Why Is SLOAN The Top App For Managing Student Loans?

Sloan app offers several benefits to students and assures easy debt tracking. Below are some of the Sloan features that make it one of the top financial management apps.

1. Receive Help From Others:

This app can be utilized for crowdfunding student loan debt. Sloan app notifies when an individual contributes to your student loans and permits you to contribute to others inside the SLOAN community who need help as you. You can even share your profile and receive support from those who want to help you unburden your debt with this student loan repayment app.

2. Employer Benefit Plans:

employer benefit plans

This student loan repayment app even offers Employer Benefit Plans where your staff member can help you unburden the student debt. The SLOAN app’s employer benefit plan makes it one of the top apps for college students.

3. Smart Saving Calculator:

This student loan app helps you calculate your savings based on additional payments to your loan(s) & turn on a repayment plan with one click.

4. Simple Repayment:

The Sloan app enables automatic loan repayments on behalf of borrowers on a weekly/monthly basis. They can even pay additional to highest interest loans first or repay smaller loans quicker.

5. Round-up Your Purchases:

The round-ups from your debit card & checking account purchases are gathered & transferred from your checking account to your SLOAN app account when they reach USD 5. This arrangement helps you save funds for your payments.

6. Calculator Interest & Payment Plans:

calculator interest and payment plans

Use this app to calculate interest & payment methods to view when you can finish repaying your loans and how much interest you will have to pay in the coming years.

What’s New About The SLOAN Repayment App?

The Sloan student loan repayment app has helped students & families in managing student loan debt. You can also use the Sloan app for crowdfunding student loans with the Sloan community’s help. Sloan’s Employer Benefit Plans permit your employers to help you with your student loan debts. All these features make this app one of the top student loan managing apps by app developers in UK.

Pros & Cons


  • Easily track & manage up to 30 student loans.
  • The app download is simple.
  • All transactions are FDIC insured & encoded.
  • View due dates, interest rates, & more from an intuitive interface.
  • Pay different amounts on different loans.
  • Round-up your debit & credit card purchases to save funds.
  • You can choose to repay student loans in autopilot mode with one-time, weekly, or monthly payment options.
  • It is one of the top apps to repay loans for college students.


  • The Sloan app is currently available for iOS users.
  • Functional in some nations as of now.

Pricing & Availability

The SLOAN student loan app is free to use. It is currently available for iOS users & coming soon for Android users as well.

The Bottom Line

Overall, this app is top apps to manage your student loans. This student loan repayment app allows you to reap all the benefits from home or office. The best thing about this app is its crowdfunding feature. You simply need to install this student loan app, and without any trouble, you can manage and pay off your debts. It’s effortless and user-friendly. If you have a similar app idea, feel free to get in touch with our professional team.

Harnil Oza is the founder and CEO of Hyperlink InfoSystem, one of the leading app development companies in India, USA, UK, and around the world. Being the founder of the company, he takes care of business development activities and maintains relations with clients. His charismatic and result-driven approach has benefited the company to grow and achieve this height where the company stands right now.

Harnil Oza

Founder and CEO

Technical Knowledge We Would Like To Share With You


Technological advancement is at its all-time peak in 2024. This era is not only competitive but also a challenging one for many businesses. Driving..


Developing a video editing app similar to CapCut involves the complex theory of assessing app development cost. This article is going to reflect on..


A recent study says, that 86% of Americans used a food delivery app. These statistics showcase the rapid growth of food delivery apps. Developing o..

We Were Part of Their Stories.

A glimpse of some of the proud moments of Hyperlink InfoSystem.

We Were Part of Their Stories

Let's build a Better Future together.

Drop An Inquiry arrow
hindustan times
the street

What We do To Get The Praise From The Best?

Mobile App

Get the best in class mobile app development services and offer an impressive to immersive user experience to your target audience.

mobile app development mobile app development

Web & CMS

Make your "just an idea" to be recognized by a worldwide audience, transforming it with phenomenal Web development services.

cake php
web & cms development web & cms development


Let our software development experts handle the chaotic programming complexity and deliver elegant and innovative solutions to enhance your business offering. We at Hyperlink InfoSystem offer feature-rich solutions for a wide range of software solutions starting from enterprise-based software to supply chain management or any other custom software development requirements our global clients have got. Hire Software developers from Hyperlink InfoSystem to get the perfect technological solution that can help to minimize human error through automation.

software development software development


Our game developers hold the experience and expertise to be the best for bots to the boss, offering extensive game development support.

unreal engine
augmented reality
virtual reality
game development game development


Hire blockchain developers to leverage the extensive security offering of blockchain algorithms and offer top-notch security to your advanced development solutions.

smart contracts development
decentralized apps development
private blockchain development
hyperledger development
blockchain development blockchain development


Automate, manage and enhance customer relations, sales offerings, marketing strategies, and other affecting areas through our salesforce solutions.

salesforce development
salesforce consulting
salesforce implementation
salesforce solutions salesforce solutions


Our developers make sure to justify every one of your requirements just the way you want, no matter how small or big it can be. Whether you need Data science and Big data analytics services to enhance your business operation, want to offer a unique user experience through AI/ML integration, need to build a smart automation system, or it can be a metaverse universe; experts at Hyperlink InfoSystem have got you covered. Got any custom development requirements that we have missed mentioning here? Don't worry, we have got the experts on hand for that as well.

other services other services

Get Free Quote Now !

Got An Idea? Leave A Message To Us And We Will Reach Out To You Soon.




Worldwide Clients

4 + 1 = 
We sign NDA for all our projects.