Student Loan Payment Calculator for South Dakota School of Mines and Technology

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $103,920.00 to attend South Dakota School of Mines and Technology. 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.

South Dakota School of Mines and Technology Student Loan Payments
Example Payments
Monthly Loan Payment$991.51
Amount Borrowed$103,920.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$15,061.37
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 $118,981.37 to afford the $991.51 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 South Dakota School of Mines and Technology student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $991.51 $753.36 $238.15 $103,166.64
2 $991.51 $755.09 $236.42 $102,411.55
3 $991.51 $756.82 $234.69 $101,654.73
4 $991.51 $758.55 $232.96 $100,896.18
5 $991.51 $760.29 $231.22 $100,135.89
6 $991.51 $762.03 $229.48 $99,373.86
7 $991.51 $763.78 $227.73 $98,610.08
8 $991.51 $765.53 $225.98 $97,844.55
9 $991.51 $767.28 $224.23 $97,077.26
10 $991.51 $769.04 $222.47 $96,308.22
11 $991.51 $770.81 $220.71 $95,537.41
12 $991.51 $772.57 $218.94 $94,764.84
13 $991.51 $774.34 $217.17 $93,990.50
14 $991.51 $776.12 $215.39 $93,214.38
15 $991.51 $777.90 $213.62 $92,436.49
16 $991.51 $779.68 $211.83 $91,656.81
17 $991.51 $781.46 $210.05 $90,875.35
18 $991.51 $783.26 $208.26 $90,092.09
19 $991.51 $785.05 $206.46 $89,307.04
20 $991.51 $786.85 $204.66 $88,520.19
21 $991.51 $788.65 $202.86 $87,731.54
22 $991.51 $790.46 $201.05 $86,941.08
23 $991.51 $792.27 $199.24 $86,148.81
24 $991.51 $794.09 $197.42 $85,354.72
25 $991.51 $795.91 $195.60 $84,558.81
26 $991.51 $797.73 $193.78 $83,761.08
27 $991.51 $799.56 $191.95 $82,961.52
28 $991.51 $801.39 $190.12 $82,160.13
29 $991.51 $803.23 $188.28 $81,356.90
30 $991.51 $805.07 $186.44 $80,551.84
31 $991.51 $806.91 $184.60 $79,744.92
32 $991.51 $808.76 $182.75 $78,936.16
33 $991.51 $810.62 $180.90 $78,125.54
34 $991.51 $812.47 $179.04 $77,313.07
35 $991.51 $814.34 $177.18 $76,498.73
36 $991.51 $816.20 $175.31 $75,682.53
37 $991.51 $818.07 $173.44 $74,864.46
38 $991.51 $819.95 $171.56 $74,044.51
39 $991.51 $821.83 $169.69 $73,222.69
40 $991.51 $823.71 $167.80 $72,398.98
41 $991.51 $825.60 $165.91 $71,573.38
42 $991.51 $827.49 $164.02 $70,745.89
43 $991.51 $829.39 $162.13 $69,916.51
44 $991.51 $831.29 $160.23 $69,085.22
45 $991.51 $833.19 $158.32 $68,252.03
46 $991.51 $835.10 $156.41 $67,416.93
47 $991.51 $837.01 $154.50 $66,579.91
48 $991.51 $838.93 $152.58 $65,740.98
49 $991.51 $840.86 $150.66 $64,900.13
50 $991.51 $842.78 $148.73 $64,057.34
51 $991.51 $844.71 $146.80 $63,212.63
52 $991.51 $846.65 $144.86 $62,365.98
53 $991.51 $848.59 $142.92 $61,517.39
54 $991.51 $850.53 $140.98 $60,666.86
55 $991.51 $852.48 $139.03 $59,814.37
56 $991.51 $854.44 $137.07 $58,959.94
57 $991.51 $856.39 $135.12 $58,103.54
58 $991.51 $858.36 $133.15 $57,245.19
59 $991.51 $860.32 $131.19 $56,384.86
60 $991.51 $862.30 $129.22 $55,522.56
61 $991.51 $864.27 $127.24 $54,658.29
62 $991.51 $866.25 $125.26 $53,792.04
63 $991.51 $868.24 $123.27 $52,923.80
64 $991.51 $870.23 $121.28 $52,053.57
65 $991.51 $872.22 $119.29 $51,181.35
66 $991.51 $874.22 $117.29 $50,307.13
67 $991.51 $876.22 $115.29 $49,430.91
68 $991.51 $878.23 $113.28 $48,552.67
69 $991.51 $880.24 $111.27 $47,672.43
70 $991.51 $882.26 $109.25 $46,790.17
71 $991.51 $884.28 $107.23 $45,905.88
72 $991.51 $886.31 $105.20 $45,019.57
73 $991.51 $888.34 $103.17 $44,131.23
74 $991.51 $890.38 $101.13 $43,240.85
75 $991.51 $892.42 $99.09 $42,348.44
76 $991.51 $894.46 $97.05 $41,453.97
77 $991.51 $896.51 $95.00 $40,557.46
78 $991.51 $898.57 $92.94 $39,658.89
79 $991.51 $900.63 $90.88 $38,758.27
80 $991.51 $902.69 $88.82 $37,855.58
81 $991.51 $904.76 $86.75 $36,950.82
82 $991.51 $906.83 $84.68 $36,043.99
83 $991.51 $908.91 $82.60 $35,135.07
84 $991.51 $910.99 $80.52 $34,224.08
85 $991.51 $913.08 $78.43 $33,311.00
86 $991.51 $915.17 $76.34 $32,395.83
87 $991.51 $917.27 $74.24 $31,478.55
88 $991.51 $919.37 $72.14 $30,559.18
89 $991.51 $921.48 $70.03 $29,637.70
90 $991.51 $923.59 $67.92 $28,714.11
91 $991.51 $925.71 $65.80 $27,788.40
92 $991.51 $927.83 $63.68 $26,860.57
93 $991.51 $929.96 $61.56 $25,930.62
94 $991.51 $932.09 $59.42 $24,998.53
95 $991.51 $934.22 $57.29 $24,064.31
96 $991.51 $936.36 $55.15 $23,127.94
97 $991.51 $938.51 $53.00 $22,189.43
98 $991.51 $940.66 $50.85 $21,248.77
99 $991.51 $942.82 $48.70 $20,305.96
100 $991.51 $944.98 $46.53 $19,360.98
101 $991.51 $947.14 $44.37 $18,413.84
102 $991.51 $949.31 $42.20 $17,464.52
103 $991.51 $951.49 $40.02 $16,513.03
104 $991.51 $953.67 $37.84 $15,559.37
105 $991.51 $955.85 $35.66 $14,603.51
106 $991.51 $958.05 $33.47 $13,645.47
107 $991.51 $960.24 $31.27 $12,685.22
108 $991.51 $962.44 $29.07 $11,722.78
109 $991.51 $964.65 $26.86 $10,758.14
110 $991.51 $966.86 $24.65 $9,791.28
111 $991.51 $969.07 $22.44 $8,822.21
112 $991.51 $971.29 $20.22 $7,850.91
113 $991.51 $973.52 $17.99 $6,877.39
114 $991.51 $975.75 $15.76 $5,901.64
115 $991.51 $977.99 $13.52 $4,923.66
116 $991.51 $980.23 $11.28 $3,943.43
117 $991.51 $982.47 $9.04 $2,960.95
118 $991.51 $984.73 $6.79 $1,976.23
119 $991.51 $986.98 $4.53 $989.24
120 $991.51 $989.24 $2.27 $0.00