Student Loan Payment Calculator for Edgewood College

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $188,448.00 to attend Edgewood College. 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.

Edgewood College Student Loan Payments
Example Payments
Monthly Loan Payment$1,883.86
Amount Borrowed$188,448.00
Interest Rate3.73%
Term years
Number of Monthly Payments120
Total Interest Cost$37,614.75
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 $226,062.75 to afford the $1,883.86 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 Edgewood College student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,883.86 $1,298.10 $585.76 $187,149.90
2 $1,883.86 $1,302.13 $581.72 $185,847.77
3 $1,883.86 $1,306.18 $577.68 $184,541.59
4 $1,883.86 $1,310.24 $573.62 $183,231.35
5 $1,883.86 $1,314.31 $569.54 $181,917.04
6 $1,883.86 $1,318.40 $565.46 $180,598.64
7 $1,883.86 $1,322.50 $561.36 $179,276.15
8 $1,883.86 $1,326.61 $557.25 $177,949.54
9 $1,883.86 $1,330.73 $553.13 $176,618.81
10 $1,883.86 $1,334.87 $548.99 $175,283.95
11 $1,883.86 $1,339.02 $544.84 $173,944.93
12 $1,883.86 $1,343.18 $540.68 $172,601.75
13 $1,883.86 $1,347.35 $536.50 $171,254.40
14 $1,883.86 $1,351.54 $532.32 $169,902.86
15 $1,883.86 $1,355.74 $528.11 $168,547.12
16 $1,883.86 $1,359.96 $523.90 $167,187.16
17 $1,883.86 $1,364.18 $519.67 $165,822.98
18 $1,883.86 $1,368.42 $515.43 $164,454.56
19 $1,883.86 $1,372.68 $511.18 $163,081.88
20 $1,883.86 $1,376.94 $506.91 $161,704.94
21 $1,883.86 $1,381.22 $502.63 $160,323.71
22 $1,883.86 $1,385.52 $498.34 $158,938.20
23 $1,883.86 $1,389.82 $494.03 $157,548.37
24 $1,883.86 $1,394.14 $489.71 $156,154.23
25 $1,883.86 $1,398.48 $485.38 $154,755.75
26 $1,883.86 $1,402.82 $481.03 $153,352.93
27 $1,883.86 $1,407.18 $476.67 $151,945.74
28 $1,883.86 $1,411.56 $472.30 $150,534.19
29 $1,883.86 $1,415.95 $467.91 $149,118.24
30 $1,883.86 $1,420.35 $463.51 $147,697.89
31 $1,883.86 $1,424.76 $459.09 $146,273.13
32 $1,883.86 $1,429.19 $454.67 $144,843.94
33 $1,883.86 $1,433.63 $450.22 $143,410.31
34 $1,883.86 $1,438.09 $445.77 $141,972.22
35 $1,883.86 $1,442.56 $441.30 $140,529.66
36 $1,883.86 $1,447.04 $436.81 $139,082.62
37 $1,883.86 $1,451.54 $432.32 $137,631.08
38 $1,883.86 $1,456.05 $427.80 $136,175.02
39 $1,883.86 $1,460.58 $423.28 $134,714.44
40 $1,883.86 $1,465.12 $418.74 $133,249.33
41 $1,883.86 $1,469.67 $414.18 $131,779.65
42 $1,883.86 $1,474.24 $409.62 $130,305.41
43 $1,883.86 $1,478.82 $405.03 $128,826.59
44 $1,883.86 $1,483.42 $400.44 $127,343.17
45 $1,883.86 $1,488.03 $395.83 $125,855.14
46 $1,883.86 $1,492.66 $391.20 $124,362.48
47 $1,883.86 $1,497.30 $386.56 $122,865.18
48 $1,883.86 $1,501.95 $381.91 $121,363.23
49 $1,883.86 $1,506.62 $377.24 $119,856.61
50 $1,883.86 $1,511.30 $372.55 $118,345.31
51 $1,883.86 $1,516.00 $367.86 $116,829.31
52 $1,883.86 $1,520.71 $363.14 $115,308.60
53 $1,883.86 $1,525.44 $358.42 $113,783.16
54 $1,883.86 $1,530.18 $353.68 $112,252.98
55 $1,883.86 $1,534.94 $348.92 $110,718.05
56 $1,883.86 $1,539.71 $344.15 $109,178.34
57 $1,883.86 $1,544.49 $339.36 $107,633.84
58 $1,883.86 $1,549.29 $334.56 $106,084.55
59 $1,883.86 $1,554.11 $329.75 $104,530.44
60 $1,883.86 $1,558.94 $324.92 $102,971.50
61 $1,883.86 $1,563.79 $320.07 $101,407.71
62 $1,883.86 $1,568.65 $315.21 $99,839.07
63 $1,883.86 $1,573.52 $310.33 $98,265.54
64 $1,883.86 $1,578.41 $305.44 $96,687.13
65 $1,883.86 $1,583.32 $300.54 $95,103.81
66 $1,883.86 $1,588.24 $295.61 $93,515.57
67 $1,883.86 $1,593.18 $290.68 $91,922.39
68 $1,883.86 $1,598.13 $285.73 $90,324.26
69 $1,883.86 $1,603.10 $280.76 $88,721.16
70 $1,883.86 $1,608.08 $275.77 $87,113.08
71 $1,883.86 $1,613.08 $270.78 $85,500.00
72 $1,883.86 $1,618.09 $265.76 $83,881.90
73 $1,883.86 $1,623.12 $260.73 $82,258.78
74 $1,883.86 $1,628.17 $255.69 $80,630.61
75 $1,883.86 $1,633.23 $250.63 $78,997.38
76 $1,883.86 $1,638.31 $245.55 $77,359.08
77 $1,883.86 $1,643.40 $240.46 $75,715.68
78 $1,883.86 $1,648.51 $235.35 $74,067.17
79 $1,883.86 $1,653.63 $230.23 $72,413.54
80 $1,883.86 $1,658.77 $225.09 $70,754.77
81 $1,883.86 $1,663.93 $219.93 $69,090.84
82 $1,883.86 $1,669.10 $214.76 $67,421.74
83 $1,883.86 $1,674.29 $209.57 $65,747.46
84 $1,883.86 $1,679.49 $204.37 $64,067.97
85 $1,883.86 $1,684.71 $199.14 $62,383.25
86 $1,883.86 $1,689.95 $193.91 $60,693.31
87 $1,883.86 $1,695.20 $188.66 $58,998.10
88 $1,883.86 $1,700.47 $183.39 $57,297.63
89 $1,883.86 $1,705.76 $178.10 $55,591.88
90 $1,883.86 $1,711.06 $172.80 $53,880.82
91 $1,883.86 $1,716.38 $167.48 $52,164.44
92 $1,883.86 $1,721.71 $162.14 $50,442.73
93 $1,883.86 $1,727.06 $156.79 $48,715.67
94 $1,883.86 $1,732.43 $151.42 $46,983.24
95 $1,883.86 $1,737.82 $146.04 $45,245.42
96 $1,883.86 $1,743.22 $140.64 $43,502.20
97 $1,883.86 $1,748.64 $135.22 $41,753.56
98 $1,883.86 $1,754.07 $129.78 $39,999.49
99 $1,883.86 $1,759.52 $124.33 $38,239.97
100 $1,883.86 $1,764.99 $118.86 $36,474.97
101 $1,883.86 $1,770.48 $113.38 $34,704.49
102 $1,883.86 $1,775.98 $107.87 $32,928.51
103 $1,883.86 $1,781.50 $102.35 $31,147.01
104 $1,883.86 $1,787.04 $96.82 $29,359.97
105 $1,883.86 $1,792.60 $91.26 $27,567.37
106 $1,883.86 $1,798.17 $85.69 $25,769.20
107 $1,883.86 $1,803.76 $80.10 $23,965.45
108 $1,883.86 $1,809.36 $74.49 $22,156.08
109 $1,883.86 $1,814.99 $68.87 $20,341.09
110 $1,883.86 $1,820.63 $63.23 $18,520.47
111 $1,883.86 $1,826.29 $57.57 $16,694.18
112 $1,883.86 $1,831.97 $51.89 $14,862.21
113 $1,883.86 $1,837.66 $46.20 $13,024.55
114 $1,883.86 $1,843.37 $40.48 $11,181.18
115 $1,883.86 $1,849.10 $34.75 $9,332.08
116 $1,883.86 $1,854.85 $29.01 $7,477.23
117 $1,883.86 $1,860.61 $23.24 $5,616.62
118 $1,883.86 $1,866.40 $17.46 $3,750.22
119 $1,883.86 $1,872.20 $11.66 $1,878.02
120 $1,883.86 $1,878.02 $5.84 $0.00