Method and apparatus for educational financial planning

Abstract

A method of managing loans is provided. The method includes electronically importing a loan portfolio of a user. A plurality of repayment options for the loan portfolio are then displayed to the user. The user is then able to provide input indicative of the choosing of one of the repayment options. The choices made by the user are then able to be automatically implemented.

What is claimed is: 
     
         1 . A method of managing loans including:
 electronically importing a loan portfolio of a user;   providing for the display of a plurality of repayment options for the loan portfolio;   receiving input indicative of the choosing of one of the repayment options by a user; and   automatically implementing the chosen repayment option for the user in response to receiving the input.   
     
     
         2 . The method of  claim 1 , further including the step of providing for display of a financial profile of the user, the financial profile including income and expense information for the user. 
     
     
         3 . The method of  claim 2 , wherein the step of providing for the display of a plurality of repayment options includes providing that the costs associated with the plurality of repayment options are integrated and displayed with the income and expense information. 
     
     
         4 . The method of  claim 1 , wherein the loan portfolio is a student loan portfolio containing at least one educational loan. 
     
     
         5 . The method of  claim 1 , wherein the electronically imported loan portfolio includes real-time loan amounts. 
     
     
         6 . The method of  claim 1 , further including prompting a user to input financial profile information. 
     
     
         7 . The method of  claim 1 , further including displaying a payment plan currently in effect. 
     
     
         8 . The method of  claim 7 , wherein the displaying the payment plan currently in effect is performed so as to display the plan currently in effect alongside one or more of the repayment options. 
     
     
         9 . The method of  claim 1 , further including displaying a total expected cost associated with each displayed repayment option. 
     
     
         10 . The method of  claim 1 , wherein the plurality of repayment options include a monthly repayment amount. 
     
     
         11 . A computer readable medium containing non-transitory instructions thereon, that when interpreted by at least one processor cause the at least one processor to:
 electronically import a loan portfolio of a user;   provide for the display of a plurality of repayment options for the loan portfolio;   receive input indicative of the choosing of one of the repayment options by a user; and   automatically implement the chosen repayment option for the user in response to receiving the input.   
     
     
         12 . The computer readable medium of  claim 11 , wherein the processor is further caused to provide for display of a financial profile of the user, the financial profile including income and expense information for the user. 
     
     
         13 . The computer readable medium of  claim 12 , wherein the providing for the display of a plurality of repayment options includes providing that the costs associated with the plurality of repayment options are integrated and displayed with the income and expense information. 
     
     
         14 . The computer readable medium of  claim 11 , wherein the loan portfolio is a student loan portfolio containing at least one educational loan. 
     
     
         15 . The computer readable medium of  claim 11 , wherein the electronically imported loan portfolio includes real-time loan amounts. 
     
     
         16 . The computer readable medium of  claim 11 , wherein the instructions further cause the processor to prompt a user to input financial profile information. 
     
     
         17 . The computer readable medium of  claim 11 , wherein the instructions further cause the processor to display a payment plan currently in effect. 
     
     
         18 . The computer readable medium of  claim 17 , wherein the displaying the payment plan currently in effect is performed so as to display the plan currently in effect alongside one or more of the repayment options. 
     
     
         19 . The computer readable medium of  claim 11 , wherein the instructions further cause the processor to display a total expected cost associated with each displayed repayment option. 
     
     
         20 . The computer readable medium of  claim 11 , wherein the plurality of repayment options include a monthly repayment amount.