Student loan repayment estimation system

Abstract

A student loan repayment estimation system includes a storage unit for storing fresh graduates' employment information, minimum cost of living information for various counties and cities, and personal data of student loan borrowers, and a processing unit for accessing the storage unit. The processing unit analyzes and compares the information in the personal data, including school name, major, school location, place of residence, and fresh graduate employment information, to estimate the salary range and work location of the student loan borrower. It also obtains the minimum cost of living in the student loan borrower's place of residence from the minimum cost of living information for various counties and cities. Based on the estimated salary range, work location, minimum cost of living in the place of residence, and other loan amounts included in the personal data, it calculates the monthly disposable balance. Finally, based on the monthly disposable balance and the student loan amount included in the personal data, it calculates the monthly repayment amount and the estimated repayment time, and stores these in the storage unit and corresponds them to the personal data.

Claims

1. A student loan repayment estimation system, comprising: A storage unit stores employment information for a recent graduate, minimum cost of living information for various counties and cities, and personal data of a student loan applicant. The employment information for the recent graduate includes the graduate's job type, salary, work location, and average salary for various majors. A processing unit is electrically connected to the storage unit to access the storage unit. The processing unit includes a repayment ability estimation module. The processing unit reads the personal data from the storage unit and executes the repayment ability estimation module, which analyzes and compares the information in the personal data, including the school name, major, school location, and residence, with the employment information of the recent graduate stored in the storage unit to estimate the possible salary range and work location of the student loan applicant in the future. The repayment ability estimation module obtains the minimum cost of living for the place of residence from the minimum cost of living information of each county and city stored in the storage unit, based on the place of residence included in the personal data. It then calculates a monthly disposable balance based on the salary range, work location, minimum cost of living for the place of residence, and other loan amounts included in the personal data. Finally, it calculates a monthly repayment amount and an estimated repayment time based on the monthly disposable balance and a student loan amount included in the personal data, and stores the monthly repayment amount and the estimated repayment time in the storage unit and corresponding to the personal data.

2. The student loan repayment estimation system as described in claim 1, wherein, The processing unit includes a data collection module and a data analysis module. The processing unit pre-executes the data collection module, which uses web crawler technology to collect multiple employment data related to fresh graduates from at least one employment information website. The data analysis module analyzes the employment data to generate employment information for the fresh graduates.

3. The student loan repayment estimation system as described in claim 2, wherein, The student loan repayment estimation system is a computer device. The repayment ability estimation module, the data collection module, and the data analysis module are software programs contained in the storage unit and can be read and executed by the processing unit.

4. The student loan repayment estimation system as described in claim 1 further includes a communication unit electrically connected to the processing unit. The communication unit is capable of communicating with a user terminal device to establish a communication channel, enabling the processing unit to communicate with the user terminal device through the communication unit. The user terminal device is capable of issuing a query command related to the personal data to the processing unit through the communication unit, enabling the processing unit to read from the storage unit and transmit back the monthly repayment amount and the estimated repayment time to the user terminal device according to the query command.

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