Student Loan Payment Calculator for The University of Alabama

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $120,064.00 to attend The University of Alabama. 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.

The University of Alabama Student Loan Payments
Example Payments
Monthly Loan Payment$1,145.54
Amount Borrowed$120,064.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$17,401.16
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 $137,465.16 to afford the $1,145.54 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 The University of Alabama student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,145.54 $870.40 $275.15 $119,193.60
2 $1,145.54 $872.39 $273.15 $118,321.21
3 $1,145.54 $874.39 $271.15 $117,446.82
4 $1,145.54 $876.39 $269.15 $116,570.43
5 $1,145.54 $878.40 $267.14 $115,692.03
6 $1,145.54 $880.42 $265.13 $114,811.61
7 $1,145.54 $882.43 $263.11 $113,929.18
8 $1,145.54 $884.46 $261.09 $113,044.72
9 $1,145.54 $886.48 $259.06 $112,158.24
10 $1,145.54 $888.51 $257.03 $111,269.73
11 $1,145.54 $890.55 $254.99 $110,379.18
12 $1,145.54 $892.59 $252.95 $109,486.59
13 $1,145.54 $894.64 $250.91 $108,591.95
14 $1,145.54 $896.69 $248.86 $107,695.26
15 $1,145.54 $898.74 $246.80 $106,796.52
16 $1,145.54 $900.80 $244.74 $105,895.72
17 $1,145.54 $902.87 $242.68 $104,992.86
18 $1,145.54 $904.93 $240.61 $104,087.92
19 $1,145.54 $907.01 $238.53 $103,180.91
20 $1,145.54 $909.09 $236.46 $102,271.83
21 $1,145.54 $911.17 $234.37 $101,360.66
22 $1,145.54 $913.26 $232.28 $100,447.40
23 $1,145.54 $915.35 $230.19 $99,532.05
24 $1,145.54 $917.45 $228.09 $98,614.60
25 $1,145.54 $919.55 $225.99 $97,695.05
26 $1,145.54 $921.66 $223.88 $96,773.39
27 $1,145.54 $923.77 $221.77 $95,849.62
28 $1,145.54 $925.89 $219.66 $94,923.73
29 $1,145.54 $928.01 $217.53 $93,995.72
30 $1,145.54 $930.14 $215.41 $93,065.58
31 $1,145.54 $932.27 $213.28 $92,133.32
32 $1,145.54 $934.40 $211.14 $91,198.91
33 $1,145.54 $936.55 $209.00 $90,262.37
34 $1,145.54 $938.69 $206.85 $89,323.68
35 $1,145.54 $940.84 $204.70 $88,382.83
36 $1,145.54 $943.00 $202.54 $87,439.83
37 $1,145.54 $945.16 $200.38 $86,494.67
38 $1,145.54 $947.33 $198.22 $85,547.35
39 $1,145.54 $949.50 $196.05 $84,597.85
40 $1,145.54 $951.67 $193.87 $83,646.18
41 $1,145.54 $953.85 $191.69 $82,692.32
42 $1,145.54 $956.04 $189.50 $81,736.28
43 $1,145.54 $958.23 $187.31 $80,778.05
44 $1,145.54 $960.43 $185.12 $79,817.63
45 $1,145.54 $962.63 $182.92 $78,855.00
46 $1,145.54 $964.83 $180.71 $77,890.17
47 $1,145.54 $967.04 $178.50 $76,923.12
48 $1,145.54 $969.26 $176.28 $75,953.86
49 $1,145.54 $971.48 $174.06 $74,982.38
50 $1,145.54 $973.71 $171.83 $74,008.67
51 $1,145.54 $975.94 $169.60 $73,032.73
52 $1,145.54 $978.18 $167.37 $72,054.55
53 $1,145.54 $980.42 $165.13 $71,074.14
54 $1,145.54 $982.66 $162.88 $70,091.47
55 $1,145.54 $984.92 $160.63 $69,106.55
56 $1,145.54 $987.17 $158.37 $68,119.38
57 $1,145.54 $989.44 $156.11 $67,129.94
58 $1,145.54 $991.70 $153.84 $66,138.24
59 $1,145.54 $993.98 $151.57 $65,144.26
60 $1,145.54 $996.25 $149.29 $64,148.01
61 $1,145.54 $998.54 $147.01 $63,149.47
62 $1,145.54 $1,000.83 $144.72 $62,148.65
63 $1,145.54 $1,003.12 $142.42 $61,145.53
64 $1,145.54 $1,005.42 $140.13 $60,140.11
65 $1,145.54 $1,007.72 $137.82 $59,132.39
66 $1,145.54 $1,010.03 $135.51 $58,122.36
67 $1,145.54 $1,012.35 $133.20 $57,110.01
68 $1,145.54 $1,014.67 $130.88 $56,095.35
69 $1,145.54 $1,016.99 $128.55 $55,078.35
70 $1,145.54 $1,019.32 $126.22 $54,059.03
71 $1,145.54 $1,021.66 $123.89 $53,037.38
72 $1,145.54 $1,024.00 $121.54 $52,013.38
73 $1,145.54 $1,026.35 $119.20 $50,987.03
74 $1,145.54 $1,028.70 $116.85 $49,958.33
75 $1,145.54 $1,031.06 $114.49 $48,927.28
76 $1,145.54 $1,033.42 $112.13 $47,893.86
77 $1,145.54 $1,035.79 $109.76 $46,858.07
78 $1,145.54 $1,038.16 $107.38 $45,819.91
79 $1,145.54 $1,040.54 $105.00 $44,779.37
80 $1,145.54 $1,042.92 $102.62 $43,736.45
81 $1,145.54 $1,045.31 $100.23 $42,691.14
82 $1,145.54 $1,047.71 $97.83 $41,643.43
83 $1,145.54 $1,050.11 $95.43 $40,593.32
84 $1,145.54 $1,052.52 $93.03 $39,540.80
85 $1,145.54 $1,054.93 $90.61 $38,485.87
86 $1,145.54 $1,057.35 $88.20 $37,428.53
87 $1,145.54 $1,059.77 $85.77 $36,368.76
88 $1,145.54 $1,062.20 $83.35 $35,306.56
89 $1,145.54 $1,064.63 $80.91 $34,241.93
90 $1,145.54 $1,067.07 $78.47 $33,174.86
91 $1,145.54 $1,069.52 $76.03 $32,105.34
92 $1,145.54 $1,071.97 $73.57 $31,033.37
93 $1,145.54 $1,074.42 $71.12 $29,958.94
94 $1,145.54 $1,076.89 $68.66 $28,882.06
95 $1,145.54 $1,079.35 $66.19 $27,802.70
96 $1,145.54 $1,081.83 $63.71 $26,720.87
97 $1,145.54 $1,084.31 $61.24 $25,636.57
98 $1,145.54 $1,086.79 $58.75 $24,549.77
99 $1,145.54 $1,089.28 $56.26 $23,460.49
100 $1,145.54 $1,091.78 $53.76 $22,368.71
101 $1,145.54 $1,094.28 $51.26 $21,274.43
102 $1,145.54 $1,096.79 $48.75 $20,177.64
103 $1,145.54 $1,099.30 $46.24 $19,078.34
104 $1,145.54 $1,101.82 $43.72 $17,976.52
105 $1,145.54 $1,104.35 $41.20 $16,872.17
106 $1,145.54 $1,106.88 $38.67 $15,765.29
107 $1,145.54 $1,109.41 $36.13 $14,655.88
108 $1,145.54 $1,111.96 $33.59 $13,543.92
109 $1,145.54 $1,114.50 $31.04 $12,429.42
110 $1,145.54 $1,117.06 $28.48 $11,312.36
111 $1,145.54 $1,119.62 $25.92 $10,192.74
112 $1,145.54 $1,122.18 $23.36 $9,070.55
113 $1,145.54 $1,124.76 $20.79 $7,945.80
114 $1,145.54 $1,127.33 $18.21 $6,818.46
115 $1,145.54 $1,129.92 $15.63 $5,688.55
116 $1,145.54 $1,132.51 $13.04 $4,556.04
117 $1,145.54 $1,135.10 $10.44 $3,420.94
118 $1,145.54 $1,137.70 $7.84 $2,283.23
119 $1,145.54 $1,140.31 $5.23 $1,142.92
120 $1,145.54 $1,142.92 $2.62 $0.00