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$249.92
Amount Borrowed$25,000.00
Interest Rate3.73%
Term years
Number of Monthly Payments120
Total Interest Cost$4,990.07
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 $29,990.07 to afford the $249.92 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 $249.92 $172.21 $77.71 $24,827.79
2 $249.92 $172.74 $77.17 $24,655.05
3 $249.92 $173.28 $76.64 $24,481.77
4 $249.92 $173.82 $76.10 $24,307.95
5 $249.92 $174.36 $75.56 $24,133.59
6 $249.92 $174.90 $75.02 $23,958.68
7 $249.92 $175.45 $74.47 $23,783.24
8 $249.92 $175.99 $73.93 $23,607.25
9 $249.92 $176.54 $73.38 $23,430.71
10 $249.92 $177.09 $72.83 $23,253.62
11 $249.92 $177.64 $72.28 $23,075.99
12 $249.92 $178.19 $71.73 $22,897.80
13 $249.92 $178.74 $71.17 $22,719.05
14 $249.92 $179.30 $70.62 $22,539.75
15 $249.92 $179.86 $70.06 $22,359.90
16 $249.92 $180.42 $69.50 $22,179.48
17 $249.92 $180.98 $68.94 $21,998.51
18 $249.92 $181.54 $68.38 $21,816.97
19 $249.92 $182.10 $67.81 $21,634.86
20 $249.92 $182.67 $67.25 $21,452.20
21 $249.92 $183.24 $66.68 $21,268.96
22 $249.92 $183.81 $66.11 $21,085.15
23 $249.92 $184.38 $65.54 $20,900.78
24 $249.92 $184.95 $64.97 $20,715.82
25 $249.92 $185.53 $64.39 $20,530.30
26 $249.92 $186.10 $63.82 $20,344.20
27 $249.92 $186.68 $63.24 $20,157.52
28 $249.92 $187.26 $62.66 $19,970.26
29 $249.92 $187.84 $62.07 $19,782.41
30 $249.92 $188.43 $61.49 $19,593.99
31 $249.92 $189.01 $60.90 $19,404.97
32 $249.92 $189.60 $60.32 $19,215.37
33 $249.92 $190.19 $59.73 $19,025.18
34 $249.92 $190.78 $59.14 $18,834.40
35 $249.92 $191.37 $58.54 $18,643.03
36 $249.92 $191.97 $57.95 $18,451.06
37 $249.92 $192.57 $57.35 $18,258.50
38 $249.92 $193.16 $56.75 $18,065.33
39 $249.92 $193.76 $56.15 $17,871.57
40 $249.92 $194.37 $55.55 $17,677.20
41 $249.92 $194.97 $54.95 $17,482.23
42 $249.92 $195.58 $54.34 $17,286.65
43 $249.92 $196.18 $53.73 $17,090.47
44 $249.92 $196.79 $53.12 $16,893.67
45 $249.92 $197.41 $52.51 $16,696.27
46 $249.92 $198.02 $51.90 $16,498.25
47 $249.92 $198.64 $51.28 $16,299.61
48 $249.92 $199.25 $50.66 $16,100.36
49 $249.92 $199.87 $50.05 $15,900.49
50 $249.92 $200.49 $49.42 $15,700.00
51 $249.92 $201.12 $48.80 $15,498.88
52 $249.92 $201.74 $48.18 $15,297.14
53 $249.92 $202.37 $47.55 $15,094.77
54 $249.92 $203.00 $46.92 $14,891.77
55 $249.92 $203.63 $46.29 $14,688.14
56 $249.92 $204.26 $45.66 $14,483.88
57 $249.92 $204.90 $45.02 $14,278.98
58 $249.92 $205.53 $44.38 $14,073.45
59 $249.92 $206.17 $43.74 $13,867.28
60 $249.92 $206.81 $43.10 $13,660.47
61 $249.92 $207.46 $42.46 $13,453.01
62 $249.92 $208.10 $41.82 $13,244.91
63 $249.92 $208.75 $41.17 $13,036.16
64 $249.92 $209.40 $40.52 $12,826.76
65 $249.92 $210.05 $39.87 $12,616.72
66 $249.92 $210.70 $39.22 $12,406.02
67 $249.92 $211.36 $38.56 $12,194.66
68 $249.92 $212.01 $37.91 $11,982.65
69 $249.92 $212.67 $37.25 $11,769.98
70 $249.92 $213.33 $36.59 $11,556.65
71 $249.92 $214.00 $35.92 $11,342.65
72 $249.92 $214.66 $35.26 $11,127.99
73 $249.92 $215.33 $34.59 $10,912.66
74 $249.92 $216.00 $33.92 $10,696.67
75 $249.92 $216.67 $33.25 $10,480.00
76 $249.92 $217.34 $32.58 $10,262.66
77 $249.92 $218.02 $31.90 $10,044.64
78 $249.92 $218.70 $31.22 $9,825.94
79 $249.92 $219.37 $30.54 $9,606.57
80 $249.92 $220.06 $29.86 $9,386.51
81 $249.92 $220.74 $29.18 $9,165.77
82 $249.92 $221.43 $28.49 $8,944.34
83 $249.92 $222.12 $27.80 $8,722.23
84 $249.92 $222.81 $27.11 $8,499.42
85 $249.92 $223.50 $26.42 $8,275.92
86 $249.92 $224.19 $25.72 $8,051.73
87 $249.92 $224.89 $25.03 $7,826.84
88 $249.92 $225.59 $24.33 $7,601.25
89 $249.92 $226.29 $23.63 $7,374.96
90 $249.92 $226.99 $22.92 $7,147.97
91 $249.92 $227.70 $22.22 $6,920.27
92 $249.92 $228.41 $21.51 $6,691.86
93 $249.92 $229.12 $20.80 $6,462.75
94 $249.92 $229.83 $20.09 $6,232.92
95 $249.92 $230.54 $19.37 $6,002.37
96 $249.92 $231.26 $18.66 $5,771.11
97 $249.92 $231.98 $17.94 $5,539.14
98 $249.92 $232.70 $17.22 $5,306.44
99 $249.92 $233.42 $16.49 $5,073.01
100 $249.92 $234.15 $15.77 $4,838.86
101 $249.92 $234.88 $15.04 $4,603.99
102 $249.92 $235.61 $14.31 $4,368.38
103 $249.92 $236.34 $13.58 $4,132.04
104 $249.92 $237.07 $12.84 $3,894.97
105 $249.92 $237.81 $12.11 $3,657.16
106 $249.92 $238.55 $11.37 $3,418.61
107 $249.92 $239.29 $10.63 $3,179.32
108 $249.92 $240.03 $9.88 $2,939.28
109 $249.92 $240.78 $9.14 $2,698.50
110 $249.92 $241.53 $8.39 $2,456.97
111 $249.92 $242.28 $7.64 $2,214.69
112 $249.92 $243.03 $6.88 $1,971.66
113 $249.92 $243.79 $6.13 $1,727.87
114 $249.92 $244.55 $5.37 $1,483.32
115 $249.92 $245.31 $4.61 $1,238.02
116 $249.92 $246.07 $3.85 $991.95
117 $249.92 $246.83 $3.08 $745.11
118 $249.92 $247.60 $2.32 $497.51
119 $249.92 $248.37 $1.55 $249.14
120 $249.92 $249.14 $0.77 $0.00