Your Loans.Gone.

Yes. Completely. You give us your email, nothing else. No credit card, no subscription, no catch. LoanLoser is funded by donations and ads placed in our newsletter.

Once drawings begin, a winner is selected every Sunday at 9pm EST at random from all eligible entries. The draw is automated and verifiable. We publish the process publicly so you can trust it's fair.

Yes. Because no purchase is required to enter, this is a sweepstakes — not a lottery. Sweepstakes are legal across the United States. Full rules and terms are available below.

Your student loan balance is paid directly to your lender, up to the total prize amount. Prize winnings are taxable income under federal law, and we don't think you should have to worry about that. So we cover it — grossing up your prize to account for any tax liability. What you win is what you get, plain and simple.

We built LoanLoser because student debt is one of the most suffocating financial burdens a person can carry — and we've carried it too. We wanted to build something that actually does something about it, not just talks about it. Enter once. You're in every drawing. Until you win. Paying off loans is just the start. We're here to build financial literacy and fix the root causes that put 43 million Americans in debt in the first place.