Only with your smartphone can you earn a little more money, file your taxes and – yes – even refinance your student loans. Indeed with the app pillar, you can also organize and repay these school loans ahead of time.

Debt settlement mobile apps have been around for years, but Pillar stands out for its promise to reduce your credit balances, including analyzing your income and spending patterns. The free app claims to cut their average customer’s payback by $ 6,200 and four years.

“Pillar is great for people transitioning from one stage of life to the next,” CEO Michael Bloch told Student Loan Hero. “For example, if you get a raise or work overtime, Pillar can help you figure out what to do with the extra money.”

Specifically, we deal with:

Pillar Student Loan App Review: The Basics

The app is available on iOS or Android devices, but be aware that Pillar is not a student loan company – it doesn’t and doesn’t lend money (Note: LendingTree is the parent company of Student Loan Hero.)

On the other hand, Pillar is easy to use and could be exactly the nudge you need to optimize your student loan repayment. In fact, the company plans to offer a similar service to borrowers with credit card and other debts at some point.

Even if you do decide to wait for the latest addition to the app, there are other strategies you should pursue to repay your student loan debt as well.