Bug 397648 - Ability to track (US) student loans
Summary: Ability to track (US) student loans
Status: REPORTED
Alias: None
Product: kmymoney
Classification: Applications
Component: general (show other bugs)
Version: unspecified
Platform: unspecified All
: NOR wishlist
Target Milestone: ---
Assignee: KMyMoney Devel Mailing List
URL:
Keywords:
Depends on:
Blocks:
 
Reported: 2018-08-20 08:08 UTC by Thomas Baumgart
Modified: 2018-08-20 08:08 UTC (History)
0 users

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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)