Student Loan Payment Calculator for Rice University

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $268,408.00 to attend Rice 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.

Rice University Student Loan Payments
Example Payments
Monthly Loan Payment$2,560.91
Amount Borrowed$268,408.00
Interest Rate2.75%
Term years
Number of Monthly Payments120
Total Interest Cost$38,901.01
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 $307,309.01 to afford the $2,560.91 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 Rice University student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $2,560.91 $1,945.81 $615.10 $266,462.19
2 $2,560.91 $1,950.27 $610.64 $264,511.93
3 $2,560.91 $1,954.74 $606.17 $262,557.19
4 $2,560.91 $1,959.21 $601.69 $260,597.98
5 $2,560.91 $1,963.70 $597.20 $258,634.27
6 $2,560.91 $1,968.20 $592.70 $256,666.07
7 $2,560.91 $1,972.72 $588.19 $254,693.35
8 $2,560.91 $1,977.24 $583.67 $252,716.12
9 $2,560.91 $1,981.77 $579.14 $250,734.35
10 $2,560.91 $1,986.31 $574.60 $248,748.04
11 $2,560.91 $1,990.86 $570.05 $246,757.18
12 $2,560.91 $1,995.42 $565.49 $244,761.76
13 $2,560.91 $2,000.00 $560.91 $242,761.76
14 $2,560.91 $2,004.58 $556.33 $240,757.18
15 $2,560.91 $2,009.17 $551.74 $238,748.01
16 $2,560.91 $2,013.78 $547.13 $236,734.23
17 $2,560.91 $2,018.39 $542.52 $234,715.84
18 $2,560.91 $2,023.02 $537.89 $232,692.82
19 $2,560.91 $2,027.65 $533.25 $230,665.17
20 $2,560.91 $2,032.30 $528.61 $228,632.87
21 $2,560.91 $2,036.96 $523.95 $226,595.91
22 $2,560.91 $2,041.63 $519.28 $224,554.28
23 $2,560.91 $2,046.30 $514.60 $222,507.98
24 $2,560.91 $2,050.99 $509.91 $220,456.98
25 $2,560.91 $2,055.69 $505.21 $218,401.29
26 $2,560.91 $2,060.41 $500.50 $216,340.88
27 $2,560.91 $2,065.13 $495.78 $214,275.75
28 $2,560.91 $2,069.86 $491.05 $212,205.89
29 $2,560.91 $2,074.60 $486.31 $210,131.29
30 $2,560.91 $2,079.36 $481.55 $208,051.93
31 $2,560.91 $2,084.12 $476.79 $205,967.81
32 $2,560.91 $2,088.90 $472.01 $203,878.91
33 $2,560.91 $2,093.69 $467.22 $201,785.23
34 $2,560.91 $2,098.48 $462.42 $199,686.74
35 $2,560.91 $2,103.29 $457.62 $197,583.45
36 $2,560.91 $2,108.11 $452.80 $195,475.34
37 $2,560.91 $2,112.94 $447.96 $193,362.39
38 $2,560.91 $2,117.79 $443.12 $191,244.61
39 $2,560.91 $2,122.64 $438.27 $189,121.97
40 $2,560.91 $2,127.50 $433.40 $186,994.46
41 $2,560.91 $2,132.38 $428.53 $184,862.08
42 $2,560.91 $2,137.27 $423.64 $182,724.82
43 $2,560.91 $2,142.16 $418.74 $180,582.65
44 $2,560.91 $2,147.07 $413.84 $178,435.58
45 $2,560.91 $2,151.99 $408.91 $176,283.59
46 $2,560.91 $2,156.93 $403.98 $174,126.66
47 $2,560.91 $2,161.87 $399.04 $171,964.79
48 $2,560.91 $2,166.82 $394.09 $169,797.97
49 $2,560.91 $2,171.79 $389.12 $167,626.18
50 $2,560.91 $2,176.77 $384.14 $165,449.42
51 $2,560.91 $2,181.75 $379.15 $163,267.66
52 $2,560.91 $2,186.75 $374.16 $161,080.91
53 $2,560.91 $2,191.76 $369.14 $158,889.15
54 $2,560.91 $2,196.79 $364.12 $156,692.36
55 $2,560.91 $2,201.82 $359.09 $154,490.54
56 $2,560.91 $2,206.87 $354.04 $152,283.67
57 $2,560.91 $2,211.92 $348.98 $150,071.74
58 $2,560.91 $2,216.99 $343.91 $147,854.75
59 $2,560.91 $2,222.07 $338.83 $145,632.68
60 $2,560.91 $2,227.17 $333.74 $143,405.51
61 $2,560.91 $2,232.27 $328.64 $141,173.24
62 $2,560.91 $2,237.39 $323.52 $138,935.85
63 $2,560.91 $2,242.51 $318.39 $136,693.34
64 $2,560.91 $2,247.65 $313.26 $134,445.69
65 $2,560.91 $2,252.80 $308.10 $132,192.88
66 $2,560.91 $2,257.97 $302.94 $129,934.92
67 $2,560.91 $2,263.14 $297.77 $127,671.77
68 $2,560.91 $2,268.33 $292.58 $125,403.45
69 $2,560.91 $2,273.53 $287.38 $123,129.92
70 $2,560.91 $2,278.74 $282.17 $120,851.19
71 $2,560.91 $2,283.96 $276.95 $118,567.23
72 $2,560.91 $2,289.19 $271.72 $116,278.04
73 $2,560.91 $2,294.44 $266.47 $113,983.60
74 $2,560.91 $2,299.70 $261.21 $111,683.90
75 $2,560.91 $2,304.97 $255.94 $109,378.94
76 $2,560.91 $2,310.25 $250.66 $107,068.69
77 $2,560.91 $2,315.54 $245.37 $104,753.15
78 $2,560.91 $2,320.85 $240.06 $102,432.30
79 $2,560.91 $2,326.17 $234.74 $100,106.13
80 $2,560.91 $2,331.50 $229.41 $97,774.63
81 $2,560.91 $2,336.84 $224.07 $95,437.79
82 $2,560.91 $2,342.20 $218.71 $93,095.59
83 $2,560.91 $2,347.56 $213.34 $90,748.03
84 $2,560.91 $2,352.94 $207.96 $88,395.08
85 $2,560.91 $2,358.34 $202.57 $86,036.75
86 $2,560.91 $2,363.74 $197.17 $83,673.01
87 $2,560.91 $2,369.16 $191.75 $81,303.85
88 $2,560.91 $2,374.59 $186.32 $78,929.26
89 $2,560.91 $2,380.03 $180.88 $76,549.23
90 $2,560.91 $2,385.48 $175.43 $74,163.75
91 $2,560.91 $2,390.95 $169.96 $71,772.80
92 $2,560.91 $2,396.43 $164.48 $69,376.37
93 $2,560.91 $2,401.92 $158.99 $66,974.45
94 $2,560.91 $2,407.43 $153.48 $64,567.03
95 $2,560.91 $2,412.94 $147.97 $62,154.08
96 $2,560.91 $2,418.47 $142.44 $59,735.61
97 $2,560.91 $2,424.01 $136.89 $57,311.60
98 $2,560.91 $2,429.57 $131.34 $54,882.03
99 $2,560.91 $2,435.14 $125.77 $52,446.89
100 $2,560.91 $2,440.72 $120.19 $50,006.17
101 $2,560.91 $2,446.31 $114.60 $47,559.86
102 $2,560.91 $2,451.92 $108.99 $45,107.94
103 $2,560.91 $2,457.54 $103.37 $42,650.41
104 $2,560.91 $2,463.17 $97.74 $40,187.24
105 $2,560.91 $2,468.81 $92.10 $37,718.43
106 $2,560.91 $2,474.47 $86.44 $35,243.96
107 $2,560.91 $2,480.14 $80.77 $32,763.82
108 $2,560.91 $2,485.82 $75.08 $30,277.99
109 $2,560.91 $2,491.52 $69.39 $27,786.47
110 $2,560.91 $2,497.23 $63.68 $25,289.24
111 $2,560.91 $2,502.95 $57.95 $22,786.29
112 $2,560.91 $2,508.69 $52.22 $20,277.60
113 $2,560.91 $2,514.44 $46.47 $17,763.16
114 $2,560.91 $2,520.20 $40.71 $15,242.96
115 $2,560.91 $2,525.98 $34.93 $12,716.98
116 $2,560.91 $2,531.77 $29.14 $10,185.21
117 $2,560.91 $2,537.57 $23.34 $7,647.65
118 $2,560.91 $2,543.38 $17.53 $5,104.26
119 $2,560.91 $2,549.21 $11.70 $2,555.05
120 $2,560.91 $2,555.05 $5.86 $0.00