Student Loan Payment Calculator for University of Southern Maine

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $95,368.00 to attend University of Southern Maine. 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.

University of Southern Maine Student Loan Payments

Example Payments
Monthly Loan Payment	$1,011.06
Amount Borrowed	$95,368.00
Interest Rate	4.99%
Term	years
Number of Monthly Payments	120
Total Interest Cost	$25,959.14
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 $121,327.14 to afford the $1,011.06 monthly payment in the loan modeled above.

Loan Balances Over Time

Student Loan Amortization Table

Month	Payment	Principal	Interest	Balance
1	$1,011.06	$614.49	$396.57	$94,753.51
2	$1,011.06	$617.04	$394.02	$94,136.47
3	$1,011.06	$619.61	$391.45	$93,516.86
4	$1,011.06	$622.19	$388.87	$92,894.68
5	$1,011.06	$624.77	$386.29	$92,269.90
6	$1,011.06	$627.37	$383.69	$91,642.53
7	$1,011.06	$629.98	$381.08	$91,012.55
8	$1,011.06	$632.60	$378.46	$90,379.95
9	$1,011.06	$635.23	$375.83	$89,744.72
10	$1,011.06	$637.87	$373.19	$89,106.85
11	$1,011.06	$640.52	$370.54	$88,466.33
12	$1,011.06	$643.19	$367.87	$87,823.14
13	$1,011.06	$645.86	$365.20	$87,177.28
14	$1,011.06	$648.55	$362.51	$86,528.73
15	$1,011.06	$651.24	$359.82	$85,877.49
16	$1,011.06	$653.95	$357.11	$85,223.54
17	$1,011.06	$656.67	$354.39	$84,566.87
18	$1,011.06	$659.40	$351.66	$83,907.46
19	$1,011.06	$662.14	$348.92	$83,245.32
20	$1,011.06	$664.90	$346.16	$82,580.42
21	$1,011.06	$667.66	$343.40	$81,912.76
22	$1,011.06	$670.44	$340.62	$81,242.32
23	$1,011.06	$673.23	$337.83	$80,569.09
24	$1,011.06	$676.03	$335.03	$79,893.07
25	$1,011.06	$678.84	$332.22	$79,214.23
26	$1,011.06	$681.66	$329.40	$78,532.57
27	$1,011.06	$684.49	$326.56	$77,848.07
28	$1,011.06	$687.34	$323.72	$77,160.73
29	$1,011.06	$690.20	$320.86	$76,470.53
30	$1,011.06	$693.07	$317.99	$75,777.46
31	$1,011.06	$695.95	$315.11	$75,081.51
32	$1,011.06	$698.85	$312.21	$74,382.67
33	$1,011.06	$701.75	$309.31	$73,680.92
34	$1,011.06	$704.67	$306.39	$72,976.25
35	$1,011.06	$707.60	$303.46	$72,268.65
36	$1,011.06	$710.54	$300.52	$71,558.10
37	$1,011.06	$713.50	$297.56	$70,844.61
38	$1,011.06	$716.46	$294.60	$70,128.14
39	$1,011.06	$719.44	$291.62	$69,408.70
40	$1,011.06	$722.44	$288.62	$68,686.26
41	$1,011.06	$725.44	$285.62	$67,960.82
42	$1,011.06	$728.46	$282.60	$67,232.37
43	$1,011.06	$731.48	$279.57	$66,500.88
44	$1,011.06	$734.53	$276.53	$65,766.36
45	$1,011.06	$737.58	$273.48	$65,028.78
46	$1,011.06	$740.65	$270.41	$64,288.13
47	$1,011.06	$743.73	$267.33	$63,544.40
48	$1,011.06	$746.82	$264.24	$62,797.58
49	$1,011.06	$749.93	$261.13	$62,047.65
50	$1,011.06	$753.04	$258.01	$61,294.61
51	$1,011.06	$756.18	$254.88	$60,538.43
52	$1,011.06	$759.32	$251.74	$59,779.11
53	$1,011.06	$762.48	$248.58	$59,016.63
54	$1,011.06	$765.65	$245.41	$58,250.98
55	$1,011.06	$768.83	$242.23	$57,482.15
56	$1,011.06	$772.03	$239.03	$56,710.12
57	$1,011.06	$775.24	$235.82	$55,934.88
58	$1,011.06	$778.46	$232.60	$55,156.42
59	$1,011.06	$781.70	$229.36	$54,374.72
60	$1,011.06	$784.95	$226.11	$53,589.77
61	$1,011.06	$788.22	$222.84	$52,801.55
62	$1,011.06	$791.49	$219.57	$52,010.06
63	$1,011.06	$794.78	$216.28	$51,215.27
64	$1,011.06	$798.09	$212.97	$50,417.19
65	$1,011.06	$801.41	$209.65	$49,615.78
66	$1,011.06	$804.74	$206.32	$48,811.04
67	$1,011.06	$808.09	$202.97	$48,002.95
68	$1,011.06	$811.45	$199.61	$47,191.50
69	$1,011.06	$814.82	$196.24	$46,376.68
70	$1,011.06	$818.21	$192.85	$45,558.47
71	$1,011.06	$821.61	$189.45	$44,736.86
72	$1,011.06	$825.03	$186.03	$43,911.83
73	$1,011.06	$828.46	$182.60	$43,083.37
74	$1,011.06	$831.90	$179.16	$42,251.47
75	$1,011.06	$835.36	$175.70	$41,416.10
76	$1,011.06	$838.84	$172.22	$40,577.26
77	$1,011.06	$842.33	$168.73	$39,734.94
78	$1,011.06	$845.83	$165.23	$38,889.11
79	$1,011.06	$849.35	$161.71	$38,039.76
80	$1,011.06	$852.88	$158.18	$37,186.89
81	$1,011.06	$856.42	$154.64	$36,330.46
82	$1,011.06	$859.99	$151.07	$35,470.48
83	$1,011.06	$863.56	$147.50	$34,606.92
84	$1,011.06	$867.15	$143.91	$33,739.76
85	$1,011.06	$870.76	$140.30	$32,869.01
86	$1,011.06	$874.38	$136.68	$31,994.63
87	$1,011.06	$878.02	$133.04	$31,116.61
88	$1,011.06	$881.67	$129.39	$30,234.94
89	$1,011.06	$885.33	$125.73	$29,349.61
90	$1,011.06	$889.01	$122.05	$28,460.60
91	$1,011.06	$892.71	$118.35	$27,567.89
92	$1,011.06	$896.42	$114.64	$26,671.46
93	$1,011.06	$900.15	$110.91	$25,771.31
94	$1,011.06	$903.89	$107.17	$24,867.42
95	$1,011.06	$907.65	$103.41	$23,959.77
96	$1,011.06	$911.43	$99.63	$23,048.34
97	$1,011.06	$915.22	$95.84	$22,133.12
98	$1,011.06	$919.02	$92.04	$21,214.10
99	$1,011.06	$922.84	$88.22	$20,291.26
100	$1,011.06	$926.68	$84.38	$19,364.58
101	$1,011.06	$930.54	$80.52	$18,434.04
102	$1,011.06	$934.40	$76.65	$17,499.64
103	$1,011.06	$938.29	$72.77	$16,561.35
104	$1,011.06	$942.19	$68.87	$15,619.15
105	$1,011.06	$946.11	$64.95	$14,673.04
106	$1,011.06	$950.04	$61.02	$13,723.00
107	$1,011.06	$953.99	$57.06	$12,769.00
108	$1,011.06	$957.96	$53.10	$11,811.04
109	$1,011.06	$961.95	$49.11	$10,849.10
110	$1,011.06	$965.95	$45.11	$9,883.15
111	$1,011.06	$969.96	$41.10	$8,913.19
112	$1,011.06	$974.00	$37.06	$7,939.19
113	$1,011.06	$978.05	$33.01	$6,961.15
114	$1,011.06	$982.11	$28.95	$5,979.04
115	$1,011.06	$986.20	$24.86	$4,992.84
116	$1,011.06	$990.30	$20.76	$4,002.54
117	$1,011.06	$994.42	$16.64	$3,008.13
118	$1,011.06	$998.55	$12.51	$2,009.58
119	$1,011.06	$1,002.70	$8.36	$1,006.87
120	$1,011.06	$1,006.87	$4.19	$0.00