Inspiration
Do you know that 45 million U.S. student loan debtors owe over $1.6 trillion by 2022?
Student debt averages $32,731 and medians $17,000. Monthly student loan payments are $393, with a median of $222.
Due to this rapid amount of student debts, students goes through mental health issues and are worried about the ways they can repay the debt.
What it does
If you are a student struggling with debt and looking for a way to achieve financial freedom, look no further than "F.R.E.E.D.O.M" - "Financial Roadmap for Erasing Educational Debt with an Organized Method ". If you're fed up with student debt, "F.R.E.E.D.O.M" may help you get your finances in order.
How we built it
The whole solution is based on a proposed startegy called S.C.O.R.E.R.
** S.C.0.R.E.R solution stands for the following:**
S – SCHOLARSHIPS,
C – CONNECT WITH SPONSER,
O – OPTIMIZED SKILLS FOR EARNINGS,
R – REAP OPPORTUNITIES FOR EARNING,
E – EARN MONEY THROUGH EVENTS/COMPETITIONS,
R – REFINANCE.
Technical Implementation Requirements: An Application for Students registration, employers, sponsors, and event registrations. This application also displays the data related to scholarships, employers and events.
An interactive dashboard where student debt is tracked after each strategy is applied. We propose to make a web and mobile applications using Java, React.js, Mongo DB, HTML, CSS, JS
Non-Technical Requirements for this solution: A Collection of jobs, sponsors, and scholarships with the most student-friendly methods.
An excellent marketing team that would enable the students and employers/sponsors join the platform and expand the network.
Challenges we ran into
Collecting the data and the way to integrate all possible means of sources for making money for the student Generate money for our solution
Accomplishments that we're proud of
We are able to propose a startegy called S.C.O.R.E.R which can be applied based on students profile.
Our Solution is an answer to real time situation with an revenue model where a student can be guaranteed to clear his/her debt.
What we learned
We learned about various ways to reduce student debts and also developed startegies to have a win-win situation.
What's next for F.R.E.E.D.O.M
It can be started as a venture for the students.
Built With
- java
- javascript
- react.js
- sql
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