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$265.04
Amount Borrowed$25,000.00
Interest Rate4.99%
Term years
Number of Monthly Payments120
Total Interest Cost$6,804.99
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 $31,804.99 to afford the $265.04 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 $265.04 $161.08 $103.96 $24,838.92
2 $265.04 $161.75 $103.29 $24,677.16
3 $265.04 $162.43 $102.62 $24,514.74
4 $265.04 $163.10 $101.94 $24,351.64
5 $265.04 $163.78 $101.26 $24,187.86
6 $265.04 $164.46 $100.58 $24,023.40
7 $265.04 $165.14 $99.90 $23,858.25
8 $265.04 $165.83 $99.21 $23,692.42
9 $265.04 $166.52 $98.52 $23,525.90
10 $265.04 $167.21 $97.83 $23,358.69
11 $265.04 $167.91 $97.13 $23,190.78
12 $265.04 $168.61 $96.43 $23,022.17
13 $265.04 $169.31 $95.73 $22,852.87
14 $265.04 $170.01 $95.03 $22,682.85
15 $265.04 $170.72 $94.32 $22,512.13
16 $265.04 $171.43 $93.61 $22,340.71
17 $265.04 $172.14 $92.90 $22,168.56
18 $265.04 $172.86 $92.18 $21,995.71
19 $265.04 $173.58 $91.47 $21,822.13
20 $265.04 $174.30 $90.74 $21,647.83
21 $265.04 $175.02 $90.02 $21,472.81
22 $265.04 $175.75 $89.29 $21,297.06
23 $265.04 $176.48 $88.56 $21,120.58
24 $265.04 $177.22 $87.83 $20,943.36
25 $265.04 $177.95 $87.09 $20,765.41
26 $265.04 $178.69 $86.35 $20,586.72
27 $265.04 $179.44 $85.61 $20,407.28
28 $265.04 $180.18 $84.86 $20,227.10
29 $265.04 $180.93 $84.11 $20,046.17
30 $265.04 $181.68 $83.36 $19,864.49
31 $265.04 $182.44 $82.60 $19,682.05
32 $265.04 $183.20 $81.84 $19,498.85
33 $265.04 $183.96 $81.08 $19,314.89
34 $265.04 $184.72 $80.32 $19,130.17
35 $265.04 $185.49 $79.55 $18,944.68
36 $265.04 $186.26 $78.78 $18,758.42
37 $265.04 $187.04 $78.00 $18,571.38
38 $265.04 $187.82 $77.23 $18,383.56
39 $265.04 $188.60 $76.44 $18,194.97
40 $265.04 $189.38 $75.66 $18,005.58
41 $265.04 $190.17 $74.87 $17,815.42
42 $265.04 $190.96 $74.08 $17,624.46
43 $265.04 $191.75 $73.29 $17,432.70
44 $265.04 $192.55 $72.49 $17,240.15
45 $265.04 $193.35 $71.69 $17,046.80
46 $265.04 $194.16 $70.89 $16,852.65
47 $265.04 $194.96 $70.08 $16,657.68
48 $265.04 $195.77 $69.27 $16,461.91
49 $265.04 $196.59 $68.45 $16,265.32
50 $265.04 $197.40 $67.64 $16,067.92
51 $265.04 $198.23 $66.82 $15,869.69
52 $265.04 $199.05 $65.99 $15,670.64
53 $265.04 $199.88 $65.16 $15,470.76
54 $265.04 $200.71 $64.33 $15,270.06
55 $265.04 $201.54 $63.50 $15,068.51
56 $265.04 $202.38 $62.66 $14,866.13
57 $265.04 $203.22 $61.82 $14,662.91
58 $265.04 $204.07 $60.97 $14,458.84
59 $265.04 $204.92 $60.12 $14,253.92
60 $265.04 $205.77 $59.27 $14,048.15
61 $265.04 $206.62 $58.42 $13,841.53
62 $265.04 $207.48 $57.56 $13,634.04
63 $265.04 $208.35 $56.69 $13,425.70
64 $265.04 $209.21 $55.83 $13,216.48
65 $265.04 $210.08 $54.96 $13,006.40
66 $265.04 $210.96 $54.08 $12,795.44
67 $265.04 $211.83 $53.21 $12,583.61
68 $265.04 $212.71 $52.33 $12,370.90
69 $265.04 $213.60 $51.44 $12,157.30
70 $265.04 $214.49 $50.55 $11,942.81
71 $265.04 $215.38 $49.66 $11,727.43
72 $265.04 $216.28 $48.77 $11,511.15
73 $265.04 $217.17 $47.87 $11,293.98
74 $265.04 $218.08 $46.96 $11,075.90
75 $265.04 $218.98 $46.06 $10,856.92
76 $265.04 $219.89 $45.15 $10,637.02
77 $265.04 $220.81 $44.23 $10,416.21
78 $265.04 $221.73 $43.31 $10,194.49
79 $265.04 $222.65 $42.39 $9,971.84
80 $265.04 $223.58 $41.47 $9,748.26
81 $265.04 $224.51 $40.54 $9,523.76
82 $265.04 $225.44 $39.60 $9,298.32
83 $265.04 $226.38 $38.67 $9,071.94
84 $265.04 $227.32 $37.72 $8,844.62
85 $265.04 $228.26 $36.78 $8,616.36
86 $265.04 $229.21 $35.83 $8,387.15
87 $265.04 $230.17 $34.88 $8,156.98
88 $265.04 $231.12 $33.92 $7,925.86
89 $265.04 $232.08 $32.96 $7,693.78
90 $265.04 $233.05 $31.99 $7,460.73
91 $265.04 $234.02 $31.02 $7,226.71
92 $265.04 $234.99 $30.05 $6,991.72
93 $265.04 $235.97 $29.07 $6,755.76
94 $265.04 $236.95 $28.09 $6,518.81
95 $265.04 $237.93 $27.11 $6,280.87
96 $265.04 $238.92 $26.12 $6,041.95
97 $265.04 $239.92 $25.12 $5,802.03
98 $265.04 $240.91 $24.13 $5,561.12
99 $265.04 $241.92 $23.12 $5,319.20
100 $265.04 $242.92 $22.12 $5,076.28
101 $265.04 $243.93 $21.11 $4,832.34
102 $265.04 $244.95 $20.09 $4,587.40
103 $265.04 $245.97 $19.08 $4,341.43
104 $265.04 $246.99 $18.05 $4,094.44
105 $265.04 $248.02 $17.03 $3,846.43
106 $265.04 $249.05 $15.99 $3,597.38
107 $265.04 $250.08 $14.96 $3,347.30
108 $265.04 $251.12 $13.92 $3,096.18
109 $265.04 $252.17 $12.87 $2,844.01
110 $265.04 $253.22 $11.83 $2,590.79
111 $265.04 $254.27 $10.77 $2,336.53
112 $265.04 $255.33 $9.72 $2,081.20
113 $265.04 $256.39 $8.65 $1,824.81
114 $265.04 $257.45 $7.59 $1,567.36
115 $265.04 $258.52 $6.52 $1,308.84
116 $265.04 $259.60 $5.44 $1,049.24
117 $265.04 $260.68 $4.36 $788.56
118 $265.04 $261.76 $3.28 $526.80
119 $265.04 $262.85 $2.19 $263.94
120 $265.04 $263.94 $1.10 $0.00