Skip to content
master
Switch branches/tags
Code

Latest commit

 

Git stats

Files

Permalink
Failed to load latest commit information.
Type
Name
Latest commit message
Commit time
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

Student Loan Calculator

The Goal of this project is to replicate and enhance the functionality provided by the Department of Education's student loan calculator: https://studentloans.gov/myDirectLoan/repaymentEstimator.action

It has the following major limitations:

  • Assumes all loans are new and that no balance has been paid
  • Confusing to use and does not make certain stipulations clear (eg: Parent Plus can qualify for IBR if consolidated)
  • Assumes 5% AGI increase every year. Should be adjustable
  • Does not properly account for various government subsidies.

Additionally the current tool:

  • Does not recommend the best program for a brower based on time period and monthly spending goals
  • Offers no helpful visualization
  • Can be confusing to use to borrower's unfamilar with the details of student loans.

The nitty gritty of how all these programs work is mostly captured here: https://drive.google.com/drive/folders/11vuc6_gN_nULvqU6xMUUtHARifGuENnm?usp=sharing

Setup and local development

The calculator is built on the Next.js framework on deployed on Vercel You will need to install Node.js and then run the following:

npm install
npm run dev

This will launch the local development server on http://localhost:3000