First Prize Amount Pending
First Drawing Date Spring 2026
First Prize Amount Pending
First Drawing Date Spring 2026
First Prize Amount Pending
First Drawing Date Spring 2026
First Prize Amount Pending
First Drawing Date Spring 2026
Americans with student debt 43 Million
Total U.S. student loan debt $1.83 Trillion
Average debt per borrower $39,500
Borrowers in default 7.5 Million
Monthly payment average $503
Grads who delayed buying a home 51%
Years to pay off average loan 20 Years
Borrowers who skipped meals 1 in 3
Americans with student debt 43 Million
Total U.S. student loan debt $1.83 Trillion
Average debt per borrower $39,500
Borrowers in default 7.5 Million
Monthly payment average $503
Grads who delayed buying a home 51%
Years to pay off average loan 20 Years
Borrowers who skipped meals 1 in 3

The Student Loan Debt Payoff Sweepstakes

Your Loans.Gone.

Enter your email for a chance to have your
student loans ๐Ÿง‘โ€๐ŸŽ“ paid off. Free. Every week.
No purchase necessary.

Enter once, you're in every drawing  ยท  No purchase necessary  ยท  See terms

You're in! One entry, every drawing, until you win.

Got Questions

The Basics

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 โ€” 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 โ€” 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 โ€” 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.

What Do You Have To Lo$e?

Takes 5 seconds. Could change your life.

You're in! One entry, every drawing, until you win.