Student Loan Payment Calculator

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $25,000.00 to attend college. With a standard repayment plan you will pay a fixed amount each month until your loan is paid in full.

A full amortization table and payoff chart is available below.

College Student Loan Payments
Example Payments
Monthly Loan Payment$238.53
Amount Borrowed$25,000.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$3,623.31
Sum of All Payments over 10 years

Loan Affordability

To keep student loan repayment affordable, it is recommended not to borrow more than you can pay back using 10% of your monthly income. Under these parameters you would need a post graduation salary of $28,623.31 to afford the $238.53 monthly payment in the loan modeled above.

Re-calculate the Loan

Estimate Loan Payments

Modify the loan assumptions to fit your financial situation and likely tuition price. Then calculate your payoff and loan payments for a college student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $238.53 $181.24 $57.29 $24,818.76
2 $238.53 $181.65 $56.88 $24,637.11
3 $238.53 $182.07 $56.46 $24,455.05
4 $238.53 $182.48 $56.04 $24,272.56
5 $238.53 $182.90 $55.62 $24,089.66
6 $238.53 $183.32 $55.21 $23,906.34
7 $238.53 $183.74 $54.79 $23,722.59
8 $238.53 $184.16 $54.36 $23,538.43
9 $238.53 $184.59 $53.94 $23,353.84
10 $238.53 $185.01 $53.52 $23,168.84
11 $238.53 $185.43 $53.10 $22,983.40
12 $238.53 $185.86 $52.67 $22,797.55
13 $238.53 $186.28 $52.24 $22,611.26
14 $238.53 $186.71 $51.82 $22,424.55
15 $238.53 $187.14 $51.39 $22,237.42
16 $238.53 $187.57 $50.96 $22,049.85
17 $238.53 $188.00 $50.53 $21,861.85
18 $238.53 $188.43 $50.10 $21,673.42
19 $238.53 $188.86 $49.67 $21,484.57
20 $238.53 $189.29 $49.24 $21,295.27
21 $238.53 $189.73 $48.80 $21,105.55
22 $238.53 $190.16 $48.37 $20,915.39
23 $238.53 $190.60 $47.93 $20,724.79
24 $238.53 $191.03 $47.49 $20,533.76
25 $238.53 $191.47 $47.06 $20,342.29
26 $238.53 $191.91 $46.62 $20,150.38
27 $238.53 $192.35 $46.18 $19,958.03
28 $238.53 $192.79 $45.74 $19,765.24
29 $238.53 $193.23 $45.30 $19,572.00
30 $238.53 $193.68 $44.85 $19,378.33
31 $238.53 $194.12 $44.41 $19,184.21
32 $238.53 $194.56 $43.96 $18,989.65
33 $238.53 $195.01 $43.52 $18,794.64
34 $238.53 $195.46 $43.07 $18,599.18
35 $238.53 $195.90 $42.62 $18,403.28
36 $238.53 $196.35 $42.17 $18,206.92
37 $238.53 $196.80 $41.72 $18,010.12
38 $238.53 $197.25 $41.27 $17,812.86
39 $238.53 $197.71 $40.82 $17,615.16
40 $238.53 $198.16 $40.37 $17,417.00
41 $238.53 $198.61 $39.91 $17,218.38
42 $238.53 $199.07 $39.46 $17,019.32
43 $238.53 $199.52 $39.00 $16,819.79
44 $238.53 $199.98 $38.55 $16,619.81
45 $238.53 $200.44 $38.09 $16,419.37
46 $238.53 $200.90 $37.63 $16,218.47
47 $238.53 $201.36 $37.17 $16,017.11
48 $238.53 $201.82 $36.71 $15,815.29
49 $238.53 $202.28 $36.24 $15,613.00
50 $238.53 $202.75 $35.78 $15,410.25
51 $238.53 $203.21 $35.32 $15,207.04
52 $238.53 $203.68 $34.85 $15,003.36
53 $238.53 $204.14 $34.38 $14,799.22
54 $238.53 $204.61 $33.91 $14,594.61
55 $238.53 $205.08 $33.45 $14,389.52
56 $238.53 $205.55 $32.98 $14,183.97
57 $238.53 $206.02 $32.50 $13,977.95
58 $238.53 $206.49 $32.03 $13,771.46
59 $238.53 $206.97 $31.56 $13,564.49
60 $238.53 $207.44 $31.09 $13,357.05
61 $238.53 $207.92 $30.61 $13,149.13
62 $238.53 $208.39 $30.13 $12,940.73
63 $238.53 $208.87 $29.66 $12,731.86
64 $238.53 $209.35 $29.18 $12,522.51
65 $238.53 $209.83 $28.70 $12,312.68
66 $238.53 $210.31 $28.22 $12,102.37
67 $238.53 $210.79 $27.73 $11,891.58
68 $238.53 $211.28 $27.25 $11,680.30
69 $238.53 $211.76 $26.77 $11,468.54
70 $238.53 $212.25 $26.28 $11,256.30
71 $238.53 $212.73 $25.80 $11,043.56
72 $238.53 $213.22 $25.31 $10,830.34
73 $238.53 $213.71 $24.82 $10,616.64
74 $238.53 $214.20 $24.33 $10,402.44
75 $238.53 $214.69 $23.84 $10,187.75
76 $238.53 $215.18 $23.35 $9,972.57
77 $238.53 $215.67 $22.85 $9,756.89
78 $238.53 $216.17 $22.36 $9,540.73
79 $238.53 $216.66 $21.86 $9,324.06
80 $238.53 $217.16 $21.37 $9,106.90
81 $238.53 $217.66 $20.87 $8,889.25
82 $238.53 $218.16 $20.37 $8,671.09
83 $238.53 $218.66 $19.87 $8,452.43
84 $238.53 $219.16 $19.37 $8,233.28
85 $238.53 $219.66 $18.87 $8,013.62
86 $238.53 $220.16 $18.36 $7,793.45
87 $238.53 $220.67 $17.86 $7,572.79
88 $238.53 $221.17 $17.35 $7,351.61
89 $238.53 $221.68 $16.85 $7,129.93
90 $238.53 $222.19 $16.34 $6,907.74
91 $238.53 $222.70 $15.83 $6,685.05
92 $238.53 $223.21 $15.32 $6,461.84
93 $238.53 $223.72 $14.81 $6,238.12
94 $238.53 $224.23 $14.30 $6,013.89
95 $238.53 $224.75 $13.78 $5,789.14
96 $238.53 $225.26 $13.27 $5,563.88
97 $238.53 $225.78 $12.75 $5,338.10
98 $238.53 $226.29 $12.23 $5,111.81
99 $238.53 $226.81 $11.71 $4,885.00
100 $238.53 $227.33 $11.19 $4,657.66
101 $238.53 $227.85 $10.67 $4,429.81
102 $238.53 $228.38 $10.15 $4,201.43
103 $238.53 $228.90 $9.63 $3,972.54
104 $238.53 $229.42 $9.10 $3,743.11
105 $238.53 $229.95 $8.58 $3,513.16
106 $238.53 $230.48 $8.05 $3,282.69
107 $238.53 $231.00 $7.52 $3,051.68
108 $238.53 $231.53 $6.99 $2,820.15
109 $238.53 $232.06 $6.46 $2,588.08
110 $238.53 $232.60 $5.93 $2,355.48
111 $238.53 $233.13 $5.40 $2,122.36
112 $238.53 $233.66 $4.86 $1,888.69
113 $238.53 $234.20 $4.33 $1,654.49
114 $238.53 $234.74 $3.79 $1,419.76
115 $238.53 $235.27 $3.25 $1,184.48
116 $238.53 $235.81 $2.71 $948.67
117 $238.53 $236.35 $2.17 $712.32
118 $238.53 $236.90 $1.63 $475.42
119 $238.53 $237.44 $1.09 $237.98
120 $238.53 $237.98 $0.55 $0.00