Student Loan Payment Calculator for American University

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $270,776.00 to attend American University. 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.

American University Student Loan Payments
Example Payments
Monthly Loan Payment$2,583.50
Amount Borrowed$270,776.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$39,244.21
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 $310,020.21 to afford the $2,583.50 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 American University student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $2,583.50 $1,962.97 $620.53 $268,813.03
2 $2,583.50 $1,967.47 $616.03 $266,845.55
3 $2,583.50 $1,971.98 $611.52 $264,873.57
4 $2,583.50 $1,976.50 $607.00 $262,897.07
5 $2,583.50 $1,981.03 $602.47 $260,916.05
6 $2,583.50 $1,985.57 $597.93 $258,930.48
7 $2,583.50 $1,990.12 $593.38 $256,940.36
8 $2,583.50 $1,994.68 $588.82 $254,945.68
9 $2,583.50 $1,999.25 $584.25 $252,946.43
10 $2,583.50 $2,003.83 $579.67 $250,942.59
11 $2,583.50 $2,008.42 $575.08 $248,934.17
12 $2,583.50 $2,013.03 $570.47 $246,921.14
13 $2,583.50 $2,017.64 $565.86 $244,903.50
14 $2,583.50 $2,022.26 $561.24 $242,881.23
15 $2,583.50 $2,026.90 $556.60 $240,854.34
16 $2,583.50 $2,031.54 $551.96 $238,822.79
17 $2,583.50 $2,036.20 $547.30 $236,786.59
18 $2,583.50 $2,040.87 $542.64 $234,745.73
19 $2,583.50 $2,045.54 $537.96 $232,700.18
20 $2,583.50 $2,050.23 $533.27 $230,649.95
21 $2,583.50 $2,054.93 $528.57 $228,595.02
22 $2,583.50 $2,059.64 $523.86 $226,535.39
23 $2,583.50 $2,064.36 $519.14 $224,471.03
24 $2,583.50 $2,069.09 $514.41 $222,401.94
25 $2,583.50 $2,073.83 $509.67 $220,328.11
26 $2,583.50 $2,078.58 $504.92 $218,249.53
27 $2,583.50 $2,083.35 $500.16 $216,166.18
28 $2,583.50 $2,088.12 $495.38 $214,078.06
29 $2,583.50 $2,092.91 $490.60 $211,985.15
30 $2,583.50 $2,097.70 $485.80 $209,887.45
31 $2,583.50 $2,102.51 $480.99 $207,784.94
32 $2,583.50 $2,107.33 $476.17 $205,677.61
33 $2,583.50 $2,112.16 $471.34 $203,565.45
34 $2,583.50 $2,117.00 $466.50 $201,448.46
35 $2,583.50 $2,121.85 $461.65 $199,326.61
36 $2,583.50 $2,126.71 $456.79 $197,199.90
37 $2,583.50 $2,131.59 $451.92 $195,068.31
38 $2,583.50 $2,136.47 $447.03 $192,931.84
39 $2,583.50 $2,141.37 $442.14 $190,790.47
40 $2,583.50 $2,146.27 $437.23 $188,644.20
41 $2,583.50 $2,151.19 $432.31 $186,493.01
42 $2,583.50 $2,156.12 $427.38 $184,336.89
43 $2,583.50 $2,161.06 $422.44 $182,175.82
44 $2,583.50 $2,166.02 $417.49 $180,009.81
45 $2,583.50 $2,170.98 $412.52 $177,838.83
46 $2,583.50 $2,175.95 $407.55 $175,662.88
47 $2,583.50 $2,180.94 $402.56 $173,481.93
48 $2,583.50 $2,185.94 $397.56 $171,296.00
49 $2,583.50 $2,190.95 $392.55 $169,105.05
50 $2,583.50 $2,195.97 $387.53 $166,909.08
51 $2,583.50 $2,201.00 $382.50 $164,708.08
52 $2,583.50 $2,206.05 $377.46 $162,502.03
53 $2,583.50 $2,211.10 $372.40 $160,290.93
54 $2,583.50 $2,216.17 $367.33 $158,074.76
55 $2,583.50 $2,221.25 $362.25 $155,853.51
56 $2,583.50 $2,226.34 $357.16 $153,627.18
57 $2,583.50 $2,231.44 $352.06 $151,395.74
58 $2,583.50 $2,236.55 $346.95 $149,159.18
59 $2,583.50 $2,241.68 $341.82 $146,917.50
60 $2,583.50 $2,246.82 $336.69 $144,670.69
61 $2,583.50 $2,251.96 $331.54 $142,418.72
62 $2,583.50 $2,257.13 $326.38 $140,161.60
63 $2,583.50 $2,262.30 $321.20 $137,899.30
64 $2,583.50 $2,267.48 $316.02 $135,631.82
65 $2,583.50 $2,272.68 $310.82 $133,359.14
66 $2,583.50 $2,277.89 $305.61 $131,081.25
67 $2,583.50 $2,283.11 $300.39 $128,798.15
68 $2,583.50 $2,288.34 $295.16 $126,509.81
69 $2,583.50 $2,293.58 $289.92 $124,216.22
70 $2,583.50 $2,298.84 $284.66 $121,917.38
71 $2,583.50 $2,304.11 $279.39 $119,613.28
72 $2,583.50 $2,309.39 $274.11 $117,303.89
73 $2,583.50 $2,314.68 $268.82 $114,989.21
74 $2,583.50 $2,319.98 $263.52 $112,669.22
75 $2,583.50 $2,325.30 $258.20 $110,343.92
76 $2,583.50 $2,330.63 $252.87 $108,013.29
77 $2,583.50 $2,335.97 $247.53 $105,677.32
78 $2,583.50 $2,341.32 $242.18 $103,335.99
79 $2,583.50 $2,346.69 $236.81 $100,989.30
80 $2,583.50 $2,352.07 $231.43 $98,637.24
81 $2,583.50 $2,357.46 $226.04 $96,279.78
82 $2,583.50 $2,362.86 $220.64 $93,916.92
83 $2,583.50 $2,368.28 $215.23 $91,548.64
84 $2,583.50 $2,373.70 $209.80 $89,174.94
85 $2,583.50 $2,379.14 $204.36 $86,795.80
86 $2,583.50 $2,384.59 $198.91 $84,411.20
87 $2,583.50 $2,390.06 $193.44 $82,021.14
88 $2,583.50 $2,395.54 $187.97 $79,625.61
89 $2,583.50 $2,401.03 $182.48 $77,224.58
90 $2,583.50 $2,406.53 $176.97 $74,818.05
91 $2,583.50 $2,412.04 $171.46 $72,406.01
92 $2,583.50 $2,417.57 $165.93 $69,988.44
93 $2,583.50 $2,423.11 $160.39 $67,565.33
94 $2,583.50 $2,428.66 $154.84 $65,136.66
95 $2,583.50 $2,434.23 $149.27 $62,702.43
96 $2,583.50 $2,439.81 $143.69 $60,262.62
97 $2,583.50 $2,445.40 $138.10 $57,817.22
98 $2,583.50 $2,451.00 $132.50 $55,366.22
99 $2,583.50 $2,456.62 $126.88 $52,909.60
100 $2,583.50 $2,462.25 $121.25 $50,447.35
101 $2,583.50 $2,467.89 $115.61 $47,979.45
102 $2,583.50 $2,473.55 $109.95 $45,505.90
103 $2,583.50 $2,479.22 $104.28 $43,026.69
104 $2,583.50 $2,484.90 $98.60 $40,541.79
105 $2,583.50 $2,490.59 $92.91 $38,051.19
106 $2,583.50 $2,496.30 $87.20 $35,554.89
107 $2,583.50 $2,502.02 $81.48 $33,052.87
108 $2,583.50 $2,507.76 $75.75 $30,545.12
109 $2,583.50 $2,513.50 $70.00 $28,031.61
110 $2,583.50 $2,519.26 $64.24 $25,512.35
111 $2,583.50 $2,525.04 $58.47 $22,987.32
112 $2,583.50 $2,530.82 $52.68 $20,456.49
113 $2,583.50 $2,536.62 $46.88 $17,919.87
114 $2,583.50 $2,542.44 $41.07 $15,377.44
115 $2,583.50 $2,548.26 $35.24 $12,829.17
116 $2,583.50 $2,554.10 $29.40 $10,275.07
117 $2,583.50 $2,559.95 $23.55 $7,715.12
118 $2,583.50 $2,565.82 $17.68 $5,149.30
119 $2,583.50 $2,571.70 $11.80 $2,577.59
120 $2,583.50 $2,577.59 $5.91 $0.00