Effective date: March 24, 2020

Account

Verify and build a comprehensive view of a student loan account.

• Auth (verify ownership of a loan account.)

• Personal Information (Name, Email, Phone, Mailing Address, University)

• Account Summary (Outstanding balance, weighted interest rate, status, payment due, payment due date)

• Loans (List of loans with original balance, outstanding balance, interest rate, fees, due date, accrued interest, repayment plan, loan type)

• Transactions (Access detailed and comprehensive and enhanced transaction history)

Impact

Understand and create a personalized plan and impact across student loans.

• Loan Score (Per loan score indicates pay down priority. Intelligence based on principal, interest, loan type, repayment plan, due date, subsidies, etc.)

• Refi Recommendation (Personalized refi analysis. Intelligence based on principal, interest, loan type, repayment plan, job status, debt/income ratio, etc.)

• Impact Calculator (Personalized money and time saved calculated on a one-time payment, recurring payment, personal plan and goals, etc.)

• Family Champion (Personalized money and time saved calculated from family champion individually and network. Includes shared goals and progress.)

Pay Config

Instantly authenticate and configure accounts for payments

• Payment Info (Retrieve account number, routing number and ACH information for payments.)

• Withdraw Config  (A one time set up of an account from which to make a payment. E.g. a user’s DDA account.)

• Prioritize Loans (A one time setup to ensure additional payments are applied towards the recommended loan.)

• Principal Pay (A one time setup to ensure additional payments do not advance the due date or change monthly payment due.)

• Switch Payment (A one time setup to change the source of funds for the monthly loan payment. Paired with direct deposit call)

Pay

Pay down specific loans that have been configured

• Pay (Initiate or schedule a payment to the loan servicer that has been setup. Not required for monthly minimum payments scheduled as part of auto debit)

Drop-in Modules

Connect 

• Provides a whitelabel, secure, elegant authentication flow for each loan servicer that Spinwheel supports.

• A secure and easy for users to connect their loans without having to reinvent the wheel every time.

Precision Pay

• A white label payment flow that clearly applies payments to a specific loan for any connected account.

• An end user payment experience that delivers the most savings for the borrower. Better than sending a check.

Loan Pal

• An interactive dashboard and goal oriented robo-advising experience for the borrower.

• It’s a simple way to present complicated loan information. Educate, engage and inspire the borrower.

Refi 

• A streamlined student loan refinance application and origination flow.

• Use a connected loan to expose refinance options to borrowers and improve conversion rates. Works with existing affiliate connections.