Debt Busters

Debt Busters helps college students understand the financial impact of their major, loans, and spending, turning financial uncertainty into informed, data-driven decisions.

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Inspiration

  • Many college students go into debt financially illiterate.
    • After graduating with a degree many students are uneducated or unaware of the true nature of their situation
    • We were inspired to help students track their financial decisions

What it does

Debt Busters is a web-based financial planning tool designed specifically for college students. We structured the site to simulate real-world financial scenarios by connecting user inputs such as spending habits, academic and personal finances to projected income and debt outcomes.

It allows users to:

  • Visualize how long it may take to pay off debt
  • Understand their projected total debt before graduating
  • Build a personalized monthly budget
  • Identify unnecessary spending habits
  • Be informed decisions about loans

Our goal is to help students make informed, data-driven financial decisions early in their college journey.

How we built it

We built Debt Busters using:

  • ReactJS for a dynamic and interactive user interface
  • Vite for fast development and deployment
  • JavaScript for core logic programming language
  • JSON to organize and simulate financial and salary data in a structured, scalable format

Challenges we ran into

  • Scope
  • Implementing the endpoints for API keys
  • Keeping a track on time
  • idea management

Accomplishments that we're proud of

  • Creating a clean, intuitive user interface
  • Translating complex financial calculations into understandable visuals
  • Developing a scalable concept that could integrate with real university systems
  • We’re especially proud of transforming an abstract problem (student debt) into a tangible, interactive solution.

What we learned

  • Figma to make frontend
  • How to implement endpoint for API keys
  • How to formulate a balance sheet / show expenses

What's next for Debt Busters

  • We would like to implement more financial advice specific to individual, how does their spending habits relate to other individuals of their demographic.
  • We would also give advice on where to and to save and invest their money.

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