Bug 397648

Summary: Ability to track (US) student loans
Product: [Applications] kmymoney Reporter: Thomas Baumgart <tbaumgart>
Component: generalAssignee: KMyMoney Devel Mailing List <kmymoney-devel>
Status: REPORTED ---    
Severity: wishlist    
Priority: NOR    
Version: unspecified   
Target Milestone: ---   
Platform: unspecified   
OS: All   
Latest Commit: Version Fixed In:
Sentry Crash Report:

Description Thomas Baumgart 2018-08-20 08:08:59 UTC
Copied from https://forum.kde.org/viewtopic.php?t=125963&f=69

Currently there is *no* software to adequately track student loans (at least in the United States). I've been using KMyMoney for years and it's quite powerful but it cannot adequately track student loans.

Request:
Add ability to track student loans which would incorporate all of the nuances of loans including:
(1) subsidized vs. unsubsidized;
(2) Capitalizing interest;
(3) Simple interest (automatically apply);
(4) Deferment vs. In Repayment;
(5) Different repayment plans (income based, standard, etc...)

Additional things that would be nice:
(5) tips on which loans to pay off the fastest (most of the times student loans are divided up into a ton of smaller loans that have different interest rates);
(6) Daily interest accumulation (pretty straight forward as it's just simple interest accumulated daily)

It blows my mind that the US Federal Gov't sends out all of these advisories to students saying that they should be "fiscally smart" but then provide *no* tools to adequately track debt. Aside from this request I am seeking funding options to get an alternative off the ground as I think that this is incredibly important - I believe student debt is the #2 debt in the country (outside of home mortgages)