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Student Loan's Not Being Written Off When Adding Multiple Loans

Feature Requests & Bugs

Firstly, thank you for the excellent tool!

I believe there may be an error regarding applying that the loan should be written off, if multiple loans are involved.

For example, with the following example parameters:

Annual Income: £50000

Plan 1: Current Loan Balance - 25000; Graduation Date 2010

The tool will estimate that the Plan 1 loan will be written off in April 2036, which seems correct.

If you add the following Plan 2 loan:

Plan 2: Current Loan Balance - 25000; Graduation Date 2020

The tool will now estimate that the Plan 1 loan will be paid off in March 2046, ignoring that it should be written off still in April 2036.

Would appreciate if this could be looked into!

Posted by Aalyx ·
1 comment

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Comments1

  • thedigitaltoolsguy

    Team•

    May 6

    Hi Aalyx, thanks for your kind words and for your detailed post!

    We’ll take a look at this and get back to you :)