How it Works

Loancancel

1) Create a campaign

  • Add your loan amount
  • Describe your story
  • Include relevant pictures/videos

 

2) Share it with the world

  • Share through texts/sms
  • Share with friends by email
  • Share online (facebook, twitter, Instagram, Pinterest and more)
  • Repeat

 

 

3) Control the donations

  • Receive donations
  • Thank all who support you
  • Withdraw the funds
  • Pay off your loans
    
    

     

  • We recommend that you set your goals at 106% of your actual debt to offset any card processing fees. For example if you owe $10,000 you should do a campaign for $10,600

     

    At the time of withdrawal we will request the latest student loan statement, and your withdrawal amount should not be over 110% of your actual debt.