Student Loan Payment Calculator for Aims Community College

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $45,460.00 to attend Aims Community 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.

Aims Community College Student Loan Payments
Example Payments
Monthly Loan Payment$493.36
Amount Borrowed$45,460.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$13,743.26
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 $59,203.26 to afford the $493.36 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 Aims Community College student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $493.36 $285.00 $208.36 $45,175.00
2 $493.36 $286.31 $207.05 $44,888.69
3 $493.36 $287.62 $205.74 $44,601.07
4 $493.36 $288.94 $204.42 $44,312.13
5 $493.36 $290.26 $203.10 $44,021.87
6 $493.36 $291.59 $201.77 $43,730.27
7 $493.36 $292.93 $200.43 $43,437.34
8 $493.36 $294.27 $199.09 $43,143.07
9 $493.36 $295.62 $197.74 $42,847.45
10 $493.36 $296.98 $196.38 $42,550.47
11 $493.36 $298.34 $195.02 $42,252.14
12 $493.36 $299.70 $193.66 $41,952.43
13 $493.36 $301.08 $192.28 $41,651.35
14 $493.36 $302.46 $190.90 $41,348.89
15 $493.36 $303.84 $189.52 $41,045.05
16 $493.36 $305.24 $188.12 $40,739.81
17 $493.36 $306.64 $186.72 $40,433.18
18 $493.36 $308.04 $185.32 $40,125.13
19 $493.36 $309.45 $183.91 $39,815.68
20 $493.36 $310.87 $182.49 $39,504.81
21 $493.36 $312.30 $181.06 $39,192.51
22 $493.36 $313.73 $179.63 $38,878.78
23 $493.36 $315.17 $178.19 $38,563.62
24 $493.36 $316.61 $176.75 $38,247.01
25 $493.36 $318.06 $175.30 $37,928.94
26 $493.36 $319.52 $173.84 $37,609.43
27 $493.36 $320.98 $172.38 $37,288.44
28 $493.36 $322.46 $170.91 $36,965.99
29 $493.36 $323.93 $169.43 $36,642.05
30 $493.36 $325.42 $167.94 $36,316.64
31 $493.36 $326.91 $166.45 $35,989.73
32 $493.36 $328.41 $164.95 $35,661.32
33 $493.36 $329.91 $163.45 $35,331.41
34 $493.36 $331.42 $161.94 $34,999.98
35 $493.36 $332.94 $160.42 $34,667.04
36 $493.36 $334.47 $158.89 $34,332.57
37 $493.36 $336.00 $157.36 $33,996.56
38 $493.36 $337.54 $155.82 $33,659.02
39 $493.36 $339.09 $154.27 $33,319.93
40 $493.36 $340.64 $152.72 $32,979.29
41 $493.36 $342.21 $151.16 $32,637.08
42 $493.36 $343.77 $149.59 $32,293.31
43 $493.36 $345.35 $148.01 $31,947.96
44 $493.36 $346.93 $146.43 $31,601.03
45 $493.36 $348.52 $144.84 $31,252.50
46 $493.36 $350.12 $143.24 $30,902.38
47 $493.36 $351.72 $141.64 $30,550.66
48 $493.36 $353.34 $140.02 $30,197.32
49 $493.36 $354.96 $138.40 $29,842.37
50 $493.36 $356.58 $136.78 $29,485.78
51 $493.36 $358.22 $135.14 $29,127.57
52 $493.36 $359.86 $133.50 $28,767.71
53 $493.36 $361.51 $131.85 $28,406.20
54 $493.36 $363.17 $130.20 $28,043.03
55 $493.36 $364.83 $128.53 $27,678.20
56 $493.36 $366.50 $126.86 $27,311.70
57 $493.36 $368.18 $125.18 $26,943.52
58 $493.36 $369.87 $123.49 $26,573.65
59 $493.36 $371.56 $121.80 $26,202.09
60 $493.36 $373.27 $120.09 $25,828.82
61 $493.36 $374.98 $118.38 $25,453.84
62 $493.36 $376.70 $116.66 $25,077.14
63 $493.36 $378.42 $114.94 $24,698.72
64 $493.36 $380.16 $113.20 $24,318.56
65 $493.36 $381.90 $111.46 $23,936.66
66 $493.36 $383.65 $109.71 $23,553.01
67 $493.36 $385.41 $107.95 $23,167.60
68 $493.36 $387.18 $106.18 $22,780.43
69 $493.36 $388.95 $104.41 $22,391.48
70 $493.36 $390.73 $102.63 $22,000.74
71 $493.36 $392.52 $100.84 $21,608.22
72 $493.36 $394.32 $99.04 $21,213.90
73 $493.36 $396.13 $97.23 $20,817.77
74 $493.36 $397.95 $95.41 $20,419.82
75 $493.36 $399.77 $93.59 $20,020.05
76 $493.36 $401.60 $91.76 $19,618.45
77 $493.36 $403.44 $89.92 $19,215.01
78 $493.36 $405.29 $88.07 $18,809.72
79 $493.36 $407.15 $86.21 $18,402.57
80 $493.36 $409.02 $84.35 $17,993.55
81 $493.36 $410.89 $82.47 $17,582.66
82 $493.36 $412.77 $80.59 $17,169.89
83 $493.36 $414.67 $78.70 $16,755.22
84 $493.36 $416.57 $76.79 $16,338.66
85 $493.36 $418.47 $74.89 $15,920.18
86 $493.36 $420.39 $72.97 $15,499.79
87 $493.36 $422.32 $71.04 $15,077.47
88 $493.36 $424.26 $69.11 $14,653.21
89 $493.36 $426.20 $67.16 $14,227.01
90 $493.36 $428.15 $65.21 $13,798.86
91 $493.36 $430.12 $63.24 $13,368.74
92 $493.36 $432.09 $61.27 $12,936.66
93 $493.36 $434.07 $59.29 $12,502.59
94 $493.36 $436.06 $57.30 $12,066.53
95 $493.36 $438.06 $55.30 $11,628.48
96 $493.36 $440.06 $53.30 $11,188.41
97 $493.36 $442.08 $51.28 $10,746.33
98 $493.36 $444.11 $49.25 $10,302.23
99 $493.36 $446.14 $47.22 $9,856.09
100 $493.36 $448.19 $45.17 $9,407.90
101 $493.36 $450.24 $43.12 $8,957.66
102 $493.36 $452.30 $41.06 $8,505.35
103 $493.36 $454.38 $38.98 $8,050.98
104 $493.36 $456.46 $36.90 $7,594.52
105 $493.36 $458.55 $34.81 $7,135.96
106 $493.36 $460.65 $32.71 $6,675.31
107 $493.36 $462.77 $30.60 $6,212.54
108 $493.36 $464.89 $28.47 $5,747.66
109 $493.36 $467.02 $26.34 $5,280.64
110 $493.36 $469.16 $24.20 $4,811.48
111 $493.36 $471.31 $22.05 $4,340.18
112 $493.36 $473.47 $19.89 $3,866.71
113 $493.36 $475.64 $17.72 $3,391.07
114 $493.36 $477.82 $15.54 $2,913.25
115 $493.36 $480.01 $13.35 $2,433.24
116 $493.36 $482.21 $11.15 $1,951.04
117 $493.36 $484.42 $8.94 $1,466.62
118 $493.36 $486.64 $6.72 $979.98
119 $493.36 $488.87 $4.49 $491.11
120 $493.36 $491.11 $2.25 $0.00