Student Loan Payment Calculator for Drexel University

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $286,628.00 to attend Drexel 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.

Drexel University Student Loan Payments
Example Payments
Monthly Loan Payment$2,734.75
Amount Borrowed$286,628.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$41,541.67
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 $328,169.67 to afford the $2,734.75 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 Drexel University student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $2,734.75 $2,077.89 $656.86 $284,550.11
2 $2,734.75 $2,082.65 $652.09 $282,467.46
3 $2,734.75 $2,087.43 $647.32 $280,380.03
4 $2,734.75 $2,092.21 $642.54 $278,287.82
5 $2,734.75 $2,097.00 $637.74 $276,190.82
6 $2,734.75 $2,101.81 $632.94 $274,089.01
7 $2,734.75 $2,106.63 $628.12 $271,982.38
8 $2,734.75 $2,111.45 $623.29 $269,870.92
9 $2,734.75 $2,116.29 $618.45 $267,754.63
10 $2,734.75 $2,121.14 $613.60 $265,633.49
11 $2,734.75 $2,126.00 $608.74 $263,507.48
12 $2,734.75 $2,130.88 $603.87 $261,376.61
13 $2,734.75 $2,135.76 $598.99 $259,240.85
14 $2,734.75 $2,140.65 $594.09 $257,100.20
15 $2,734.75 $2,145.56 $589.19 $254,954.64
16 $2,734.75 $2,150.48 $584.27 $252,804.16
17 $2,734.75 $2,155.40 $579.34 $250,648.76
18 $2,734.75 $2,160.34 $574.40 $248,488.41
19 $2,734.75 $2,165.29 $569.45 $246,323.12
20 $2,734.75 $2,170.26 $564.49 $244,152.86
21 $2,734.75 $2,175.23 $559.52 $241,977.63
22 $2,734.75 $2,180.22 $554.53 $239,797.41
23 $2,734.75 $2,185.21 $549.54 $237,612.20
24 $2,734.75 $2,190.22 $544.53 $235,421.98
25 $2,734.75 $2,195.24 $539.51 $233,226.74
26 $2,734.75 $2,200.27 $534.48 $231,026.48
27 $2,734.75 $2,205.31 $529.44 $228,821.16
28 $2,734.75 $2,210.37 $524.38 $226,610.80
29 $2,734.75 $2,215.43 $519.32 $224,395.37
30 $2,734.75 $2,220.51 $514.24 $222,174.86
31 $2,734.75 $2,225.60 $509.15 $219,949.26
32 $2,734.75 $2,230.70 $504.05 $217,718.57
33 $2,734.75 $2,235.81 $498.94 $215,482.76
34 $2,734.75 $2,240.93 $493.81 $213,241.82
35 $2,734.75 $2,246.07 $488.68 $210,995.76
36 $2,734.75 $2,251.22 $483.53 $208,744.54
37 $2,734.75 $2,256.37 $478.37 $206,488.17
38 $2,734.75 $2,261.55 $473.20 $204,226.62
39 $2,734.75 $2,266.73 $468.02 $201,959.89
40 $2,734.75 $2,271.92 $462.82 $199,687.97
41 $2,734.75 $2,277.13 $457.62 $197,410.84
42 $2,734.75 $2,282.35 $452.40 $195,128.49
43 $2,734.75 $2,287.58 $447.17 $192,840.92
44 $2,734.75 $2,292.82 $441.93 $190,548.10
45 $2,734.75 $2,298.07 $436.67 $188,250.02
46 $2,734.75 $2,303.34 $431.41 $185,946.68
47 $2,734.75 $2,308.62 $426.13 $183,638.06
48 $2,734.75 $2,313.91 $420.84 $181,324.15
49 $2,734.75 $2,319.21 $415.53 $179,004.94
50 $2,734.75 $2,324.53 $410.22 $176,680.41
51 $2,734.75 $2,329.85 $404.89 $174,350.56
52 $2,734.75 $2,335.19 $399.55 $172,015.36
53 $2,734.75 $2,340.55 $394.20 $169,674.82
54 $2,734.75 $2,345.91 $388.84 $167,328.91
55 $2,734.75 $2,351.29 $383.46 $164,977.62
56 $2,734.75 $2,356.67 $378.07 $162,620.95
57 $2,734.75 $2,362.07 $372.67 $160,258.88
58 $2,734.75 $2,367.49 $367.26 $157,891.39
59 $2,734.75 $2,372.91 $361.83 $155,518.47
60 $2,734.75 $2,378.35 $356.40 $153,140.12
61 $2,734.75 $2,383.80 $350.95 $150,756.32
62 $2,734.75 $2,389.26 $345.48 $148,367.06
63 $2,734.75 $2,394.74 $340.01 $145,972.32
64 $2,734.75 $2,400.23 $334.52 $143,572.09
65 $2,734.75 $2,405.73 $329.02 $141,166.36
66 $2,734.75 $2,411.24 $323.51 $138,755.12
67 $2,734.75 $2,416.77 $317.98 $136,338.36
68 $2,734.75 $2,422.31 $312.44 $133,916.05
69 $2,734.75 $2,427.86 $306.89 $131,488.19
70 $2,734.75 $2,433.42 $301.33 $129,054.77
71 $2,734.75 $2,439.00 $295.75 $126,615.78
72 $2,734.75 $2,444.59 $290.16 $124,171.19
73 $2,734.75 $2,450.19 $284.56 $121,721.00
74 $2,734.75 $2,455.80 $278.94 $119,265.20
75 $2,734.75 $2,461.43 $273.32 $116,803.77
76 $2,734.75 $2,467.07 $267.68 $114,336.70
77 $2,734.75 $2,472.73 $262.02 $111,863.97
78 $2,734.75 $2,478.39 $256.35 $109,385.58
79 $2,734.75 $2,484.07 $250.68 $106,901.51
80 $2,734.75 $2,489.76 $244.98 $104,411.74
81 $2,734.75 $2,495.47 $239.28 $101,916.27
82 $2,734.75 $2,501.19 $233.56 $99,415.08
83 $2,734.75 $2,506.92 $227.83 $96,908.16
84 $2,734.75 $2,512.67 $222.08 $94,395.50
85 $2,734.75 $2,518.42 $216.32 $91,877.07
86 $2,734.75 $2,524.20 $210.55 $89,352.88
87 $2,734.75 $2,529.98 $204.77 $86,822.90
88 $2,734.75 $2,535.78 $198.97 $84,287.12
89 $2,734.75 $2,541.59 $193.16 $81,745.53
90 $2,734.75 $2,547.41 $187.33 $79,198.11
91 $2,734.75 $2,553.25 $181.50 $76,644.86
92 $2,734.75 $2,559.10 $175.64 $74,085.76
93 $2,734.75 $2,564.97 $169.78 $71,520.79
94 $2,734.75 $2,570.85 $163.90 $68,949.95
95 $2,734.75 $2,576.74 $158.01 $66,373.21
96 $2,734.75 $2,582.64 $152.11 $63,790.57
97 $2,734.75 $2,588.56 $146.19 $61,202.01
98 $2,734.75 $2,594.49 $140.25 $58,607.51
99 $2,734.75 $2,600.44 $134.31 $56,007.08
100 $2,734.75 $2,606.40 $128.35 $53,400.68
101 $2,734.75 $2,612.37 $122.38 $50,788.31
102 $2,734.75 $2,618.36 $116.39 $48,169.95
103 $2,734.75 $2,624.36 $110.39 $45,545.59
104 $2,734.75 $2,630.37 $104.38 $42,915.22
105 $2,734.75 $2,636.40 $98.35 $40,278.82
106 $2,734.75 $2,642.44 $92.31 $37,636.38
107 $2,734.75 $2,648.50 $86.25 $34,987.88
108 $2,734.75 $2,654.57 $80.18 $32,333.31
109 $2,734.75 $2,660.65 $74.10 $29,672.66
110 $2,734.75 $2,666.75 $68.00 $27,005.92
111 $2,734.75 $2,672.86 $61.89 $24,333.06
112 $2,734.75 $2,678.98 $55.76 $21,654.07
113 $2,734.75 $2,685.12 $49.62 $18,968.95
114 $2,734.75 $2,691.28 $43.47 $16,277.67
115 $2,734.75 $2,697.44 $37.30 $13,580.23
116 $2,734.75 $2,703.63 $31.12 $10,876.60
117 $2,734.75 $2,709.82 $24.93 $8,166.78
118 $2,734.75 $2,716.03 $18.72 $5,450.75
119 $2,734.75 $2,722.26 $12.49 $2,728.49
120 $2,734.75 $2,728.49 $6.25 $0.00