The biggest form of debt for millennials is the student loan from undergrad or graduate school. Roughly $1.3 trillion in student loan debt was issued last year and most of them were stuck in a lower-wage job, which made is difficult to pay off the debt. One advantage they have is that they utilize technological apps to help finance payments, track investments and gain financial advice to help grow and maintain wealth and credit. A startup company called Mint allows users to create budgets, track spending and check credit scores all on their mobile device. Another application called Acorn automatically rounds up your payments up and invests your change, which can be quite lucrative with everyday purchases and payments. These companies exemplify how the millennial generation are utilizing financial technology to help with their every day financing. However, an issue of security always looms when you trust your bank and credit information with an application. Many people stray away from this technology because of this issue and is something that can’t be dealt with until acquired by a larger banking institution. Nonetheless, the continuing growth of the fin tech industry will heavily impact millennials due to the tools and advice that young adults can use to grow their money.