Freedom to Invent Your Future.

Nikita GuptaSarah MillerAdrian Carabias BarrosoSam ChenSiddharth PanchanathanZiquan MiaoNancy Wang

Cornell Tech FinTech HackathonOctober 11, 2015

The Problem

Student Debt (USD $1.2 Trillion = 6% National Debt)

- High debt payments = Low disposable income after graduation.

- Irrational decisions due to financial stress.

Turnover Ratio

- Employee replacement cost companies 20% of the worker’s annual salary (Center for American Progress)

1

2

Consider… Daniil, Cornell MBA ‘15

● $112,000 in student loans

● 2 dependents

● $150,000 annual income with $40,000 annual bonus

The Solution1. Partner with recruiting companies.2. Pay the student debt.3. Convert debt into equity.4. Receive a percentage of the student’s monthly salary.5. Provide competitive rates.

Businesses

- Better talent

- Lower turnover

ΣnVent Profit

Students

- Save money

- Customized payments

- Peace of mind & better decisions

EnVent Web Demo

Methodology

Annual Base Salary Total Debt Family Size GPA Cost of Living

7.01%

$4,617 Savings for Daniil

Our interest rate: vs. 7.65%

Visualizing Our Solution

The Dashboard

Our Company has access to a dashboard of key metrics that help us evaluate the status of the payment plan :

(In Daniil’s Case)

1. Total cash the customer saves by using our product.($4,617)2. Break Even Point as a function of time. (5th year)3. Our Profit Margin. ($57,684 ~ 34%)4. Interest we are charging the customer. (7.01%)5. Lower and Upper bounds of p (10.89%<= p <= 16.94%)6. Maximum possible savings ( $62,301)

In addition to this, when the customer uses our website for an initial evaluation, they are presented with their potential annual disposable income when using our product vs when using a bank or other lender.

Questions?

Methodology

Inputs

Assumptions

Computation

Profit

Links/Work Cited

https://github.com/ng354/cornellfintech (code repository)

http://www.bls.gov/oes/current/oes_nat.htm#00-0000