Student Loan Payment Calculator for Indiana University Purdue University Indianapolis

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $94,672.00 to attend Indiana University Purdue University Indianapolis. 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.

Indiana University Purdue University Indianapolis Student Loan Payments
Example Payments
Monthly Loan Payment$946.41
Amount Borrowed$94,672.00
Interest Rate3.73%
Term years
Number of Monthly Payments120
Total Interest Cost$18,896.80
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 $113,568.80 to afford the $946.41 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 Indiana University Purdue University Indianapolis student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $946.41 $652.13 $294.27 $94,019.87
2 $946.41 $654.16 $292.25 $93,365.70
3 $946.41 $656.19 $290.21 $92,709.51
4 $946.41 $658.23 $288.17 $92,051.27
5 $946.41 $660.28 $286.13 $91,390.99
6 $946.41 $662.33 $284.07 $90,728.66
7 $946.41 $664.39 $282.01 $90,064.27
8 $946.41 $666.46 $279.95 $89,397.81
9 $946.41 $668.53 $277.88 $88,729.28
10 $946.41 $670.61 $275.80 $88,058.68
11 $946.41 $672.69 $273.72 $87,385.99
12 $946.41 $674.78 $271.62 $86,711.20
13 $946.41 $676.88 $269.53 $86,034.33
14 $946.41 $678.98 $267.42 $85,355.34
15 $946.41 $681.09 $265.31 $84,674.25
16 $946.41 $683.21 $263.20 $83,991.04
17 $946.41 $685.33 $261.07 $83,305.70
18 $946.41 $687.46 $258.94 $82,618.24
19 $946.41 $689.60 $256.81 $81,928.64
20 $946.41 $691.75 $254.66 $81,236.89
21 $946.41 $693.90 $252.51 $80,543.00
22 $946.41 $696.05 $250.35 $79,846.94
23 $946.41 $698.22 $248.19 $79,148.73
24 $946.41 $700.39 $246.02 $78,448.34
25 $946.41 $702.56 $243.84 $77,745.78
26 $946.41 $704.75 $241.66 $77,041.03
27 $946.41 $706.94 $239.47 $76,334.10
28 $946.41 $709.13 $237.27 $75,624.96
29 $946.41 $711.34 $235.07 $74,913.62
30 $946.41 $713.55 $232.86 $74,200.07
31 $946.41 $715.77 $230.64 $73,484.30
32 $946.41 $717.99 $228.41 $72,766.31
33 $946.41 $720.22 $226.18 $72,046.09
34 $946.41 $722.46 $223.94 $71,323.62
35 $946.41 $724.71 $221.70 $70,598.91
36 $946.41 $726.96 $219.44 $69,871.95
37 $946.41 $729.22 $217.19 $69,142.73
38 $946.41 $731.49 $214.92 $68,411.24
39 $946.41 $733.76 $212.64 $67,677.48
40 $946.41 $736.04 $210.36 $66,941.44
41 $946.41 $738.33 $208.08 $66,203.11
42 $946.41 $740.63 $205.78 $65,462.48
43 $946.41 $742.93 $203.48 $64,719.55
44 $946.41 $745.24 $201.17 $63,974.32
45 $946.41 $747.55 $198.85 $63,226.77
46 $946.41 $749.88 $196.53 $62,476.89
47 $946.41 $752.21 $194.20 $61,724.68
48 $946.41 $754.55 $191.86 $60,970.13
49 $946.41 $756.89 $189.52 $60,213.24
50 $946.41 $759.24 $187.16 $59,454.00
51 $946.41 $761.60 $184.80 $58,692.40
52 $946.41 $763.97 $182.44 $57,928.43
53 $946.41 $766.35 $180.06 $57,162.08
54 $946.41 $768.73 $177.68 $56,393.35
55 $946.41 $771.12 $175.29 $55,622.23
56 $946.41 $773.51 $172.89 $54,848.72
57 $946.41 $775.92 $170.49 $54,072.80
58 $946.41 $778.33 $168.08 $53,294.47
59 $946.41 $780.75 $165.66 $52,513.72
60 $946.41 $783.18 $163.23 $51,730.55
61 $946.41 $785.61 $160.80 $50,944.93
62 $946.41 $788.05 $158.35 $50,156.88
63 $946.41 $790.50 $155.90 $49,366.38
64 $946.41 $792.96 $153.45 $48,573.42
65 $946.41 $795.42 $150.98 $47,778.00
66 $946.41 $797.90 $148.51 $46,980.10
67 $946.41 $800.38 $146.03 $46,179.72
68 $946.41 $802.86 $143.54 $45,376.86
69 $946.41 $805.36 $141.05 $44,571.50
70 $946.41 $807.86 $138.54 $43,763.63
71 $946.41 $810.37 $136.03 $42,953.26
72 $946.41 $812.89 $133.51 $42,140.37
73 $946.41 $815.42 $130.99 $41,324.94
74 $946.41 $817.95 $128.45 $40,506.99
75 $946.41 $820.50 $125.91 $39,686.49
76 $946.41 $823.05 $123.36 $38,863.44
77 $946.41 $825.61 $120.80 $38,037.84
78 $946.41 $828.17 $118.23 $37,209.67
79 $946.41 $830.75 $115.66 $36,378.92
80 $946.41 $833.33 $113.08 $35,545.59
81 $946.41 $835.92 $110.49 $34,709.67
82 $946.41 $838.52 $107.89 $33,871.15
83 $946.41 $841.12 $105.28 $33,030.03
84 $946.41 $843.74 $102.67 $32,186.29
85 $946.41 $846.36 $100.05 $31,339.93
86 $946.41 $848.99 $97.41 $30,490.94
87 $946.41 $851.63 $94.78 $29,639.31
88 $946.41 $854.28 $92.13 $28,785.03
89 $946.41 $856.93 $89.47 $27,928.10
90 $946.41 $859.60 $86.81 $27,068.50
91 $946.41 $862.27 $84.14 $26,206.23
92 $946.41 $864.95 $81.46 $25,341.28
93 $946.41 $867.64 $78.77 $24,473.65
94 $946.41 $870.33 $76.07 $23,603.31
95 $946.41 $873.04 $73.37 $22,730.27
96 $946.41 $875.75 $70.65 $21,854.52
97 $946.41 $878.48 $67.93 $20,976.04
98 $946.41 $881.21 $65.20 $20,094.84
99 $946.41 $883.95 $62.46 $19,210.89
100 $946.41 $886.69 $59.71 $18,324.20
101 $946.41 $889.45 $56.96 $17,434.75
102 $946.41 $892.21 $54.19 $16,542.54
103 $946.41 $894.99 $51.42 $15,647.55
104 $946.41 $897.77 $48.64 $14,749.78
105 $946.41 $900.56 $45.85 $13,849.22
106 $946.41 $903.36 $43.05 $12,945.86
107 $946.41 $906.17 $40.24 $12,039.70
108 $946.41 $908.98 $37.42 $11,130.71
109 $946.41 $911.81 $34.60 $10,218.90
110 $946.41 $914.64 $31.76 $9,304.26
111 $946.41 $917.49 $28.92 $8,386.78
112 $946.41 $920.34 $26.07 $7,466.44
113 $946.41 $923.20 $23.21 $6,543.24
114 $946.41 $926.07 $20.34 $5,617.17
115 $946.41 $928.95 $17.46 $4,688.22
116 $946.41 $931.83 $14.57 $3,756.39
117 $946.41 $934.73 $11.68 $2,821.66
118 $946.41 $937.64 $8.77 $1,884.02
119 $946.41 $940.55 $5.86 $943.47
120 $946.41 $943.47 $2.93 $0.00