studentloancalculator's Introduction

StudentLoanCalculator

Small project to calculate the payment of my student loan and how it fits in my longterm wealth management.

To install

First, create a conda environment with the following command:

conda create --name studentloan

Then, activate the environment with the following command:

conda activate studentloan

Finally, install the required packages with the following command:

conda install --file requirements.txt

To run

To run the program, simply run the following command:

python run.py

This will give you several prompts. Here is an example:

====================================================================
We need some financial information to start off with.
====================================================================


Enter the total amount of the student loan in GBP: 
50000

Enter the interest rate on the student loan (as a percentage - eg 7.9): 
8

Enter the conversion rate between GBP and CHF (default is 1/1.14 = 0.893575 - this is the SLC value): 
  

Enter the minimum loan repayment in CHF: 
400

Enter the date when your course finished (YYYY):
2015

Enter the monthly savings in CHF: 
1000

Enter the total number of years to consider: 
35

Enter the starting investment value in CHF (default is 0): 
10000

Enter the average investment return in percentage (eg 5.43): 
5.5

Enter a unique identifier for this run (optional): 
user_baseline

This will run the software, which will create a plot of the predicted wealth after the number of total years based on how much money is paid towards the student loan and how much is saved. The plot will be saved in the figures folder.

In addition to this, a report will be created in the reports folder. This report will contain the following information: