Student Loan Payment Calculator for Ball State University

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $101,016.00 to attend Ball State 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.

Ball State University Student Loan Payments
Example Payments
Monthly Loan Payment$1,096.29
Amount Borrowed$101,016.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$30,538.69
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 $131,554.69 to afford the $1,096.29 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 Ball State University student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,096.29 $633.30 $462.99 $100,382.70
2 $1,096.29 $636.20 $460.09 $99,746.50
3 $1,096.29 $639.12 $457.17 $99,107.38
4 $1,096.29 $642.05 $454.24 $98,465.33
5 $1,096.29 $644.99 $451.30 $97,820.35
6 $1,096.29 $647.95 $448.34 $97,172.40
7 $1,096.29 $650.92 $445.37 $96,521.48
8 $1,096.29 $653.90 $442.39 $95,867.58
9 $1,096.29 $656.90 $439.39 $95,210.69
10 $1,096.29 $659.91 $436.38 $94,550.78
11 $1,096.29 $662.93 $433.36 $93,887.85
12 $1,096.29 $665.97 $430.32 $93,221.88
13 $1,096.29 $669.02 $427.27 $92,552.86
14 $1,096.29 $672.09 $424.20 $91,880.77
15 $1,096.29 $675.17 $421.12 $91,205.60
16 $1,096.29 $678.26 $418.03 $90,527.34
17 $1,096.29 $681.37 $414.92 $89,845.97
18 $1,096.29 $684.50 $411.79 $89,161.47
19 $1,096.29 $687.63 $408.66 $88,473.84
20 $1,096.29 $690.78 $405.51 $87,783.06
21 $1,096.29 $693.95 $402.34 $87,089.11
22 $1,096.29 $697.13 $399.16 $86,391.97
23 $1,096.29 $700.33 $395.96 $85,691.65
24 $1,096.29 $703.54 $392.75 $84,988.11
25 $1,096.29 $706.76 $389.53 $84,281.35
26 $1,096.29 $710.00 $386.29 $83,571.35
27 $1,096.29 $713.25 $383.04 $82,858.10
28 $1,096.29 $716.52 $379.77 $82,141.58
29 $1,096.29 $719.81 $376.48 $81,421.77
30 $1,096.29 $723.11 $373.18 $80,698.66
31 $1,096.29 $726.42 $369.87 $79,972.24
32 $1,096.29 $729.75 $366.54 $79,242.49
33 $1,096.29 $733.09 $363.19 $78,509.40
34 $1,096.29 $736.45 $359.83 $77,772.95
35 $1,096.29 $739.83 $356.46 $77,033.12
36 $1,096.29 $743.22 $353.07 $76,289.90
37 $1,096.29 $746.63 $349.66 $75,543.27
38 $1,096.29 $750.05 $346.24 $74,793.22
39 $1,096.29 $753.49 $342.80 $74,039.73
40 $1,096.29 $756.94 $339.35 $73,282.79
41 $1,096.29 $760.41 $335.88 $72,522.38
42 $1,096.29 $763.89 $332.39 $71,758.49
43 $1,096.29 $767.40 $328.89 $70,991.09
44 $1,096.29 $770.91 $325.38 $70,220.18
45 $1,096.29 $774.45 $321.84 $69,445.73
46 $1,096.29 $778.00 $318.29 $68,667.74
47 $1,096.29 $781.56 $314.73 $67,886.17
48 $1,096.29 $785.14 $311.14 $67,101.03
49 $1,096.29 $788.74 $307.55 $66,312.29
50 $1,096.29 $792.36 $303.93 $65,519.93
51 $1,096.29 $795.99 $300.30 $64,723.94
52 $1,096.29 $799.64 $296.65 $63,924.30
53 $1,096.29 $803.30 $292.99 $63,121.00
54 $1,096.29 $806.98 $289.30 $62,314.02
55 $1,096.29 $810.68 $285.61 $61,503.33
56 $1,096.29 $814.40 $281.89 $60,688.93
57 $1,096.29 $818.13 $278.16 $59,870.80
58 $1,096.29 $821.88 $274.41 $59,048.92
59 $1,096.29 $825.65 $270.64 $58,223.27
60 $1,096.29 $829.43 $266.86 $57,393.84
61 $1,096.29 $833.23 $263.06 $56,560.61
62 $1,096.29 $837.05 $259.24 $55,723.55
63 $1,096.29 $840.89 $255.40 $54,882.66
64 $1,096.29 $844.74 $251.55 $54,037.92
65 $1,096.29 $848.62 $247.67 $53,189.31
66 $1,096.29 $852.50 $243.78 $52,336.80
67 $1,096.29 $856.41 $239.88 $51,480.39
68 $1,096.29 $860.34 $235.95 $50,620.05
69 $1,096.29 $864.28 $232.01 $49,755.77
70 $1,096.29 $868.24 $228.05 $48,887.53
71 $1,096.29 $872.22 $224.07 $48,015.31
72 $1,096.29 $876.22 $220.07 $47,139.09
73 $1,096.29 $880.23 $216.05 $46,258.85
74 $1,096.29 $884.27 $212.02 $45,374.58
75 $1,096.29 $888.32 $207.97 $44,486.26
76 $1,096.29 $892.39 $203.90 $43,593.87
77 $1,096.29 $896.48 $199.81 $42,697.38
78 $1,096.29 $900.59 $195.70 $41,796.79
79 $1,096.29 $904.72 $191.57 $40,892.07
80 $1,096.29 $908.87 $187.42 $39,983.20
81 $1,096.29 $913.03 $183.26 $39,070.17
82 $1,096.29 $917.22 $179.07 $38,152.95
83 $1,096.29 $921.42 $174.87 $37,231.53
84 $1,096.29 $925.64 $170.64 $36,305.89
85 $1,096.29 $929.89 $166.40 $35,376.00
86 $1,096.29 $934.15 $162.14 $34,441.85
87 $1,096.29 $938.43 $157.86 $33,503.42
88 $1,096.29 $942.73 $153.56 $32,560.69
89 $1,096.29 $947.05 $149.24 $31,613.64
90 $1,096.29 $951.39 $144.90 $30,662.24
91 $1,096.29 $955.75 $140.54 $29,706.49
92 $1,096.29 $960.13 $136.15 $28,746.36
93 $1,096.29 $964.53 $131.75 $27,781.82
94 $1,096.29 $968.96 $127.33 $26,812.87
95 $1,096.29 $973.40 $122.89 $25,839.47
96 $1,096.29 $977.86 $118.43 $24,861.61
97 $1,096.29 $982.34 $113.95 $23,879.27
98 $1,096.29 $986.84 $109.45 $22,892.43
99 $1,096.29 $991.37 $104.92 $21,901.06
100 $1,096.29 $995.91 $100.38 $20,905.15
101 $1,096.29 $1,000.47 $95.82 $19,904.68
102 $1,096.29 $1,005.06 $91.23 $18,899.62
103 $1,096.29 $1,009.67 $86.62 $17,889.96
104 $1,096.29 $1,014.29 $82.00 $16,875.66
105 $1,096.29 $1,018.94 $77.35 $15,856.72
106 $1,096.29 $1,023.61 $72.68 $14,833.11
107 $1,096.29 $1,028.30 $67.99 $13,804.80
108 $1,096.29 $1,033.02 $63.27 $12,771.79
109 $1,096.29 $1,037.75 $58.54 $11,734.03
110 $1,096.29 $1,042.51 $53.78 $10,691.53
111 $1,096.29 $1,047.29 $49.00 $9,644.24
112 $1,096.29 $1,052.09 $44.20 $8,592.15
113 $1,096.29 $1,056.91 $39.38 $7,535.25
114 $1,096.29 $1,061.75 $34.54 $6,473.49
115 $1,096.29 $1,066.62 $29.67 $5,406.87
116 $1,096.29 $1,071.51 $24.78 $4,335.37
117 $1,096.29 $1,076.42 $19.87 $3,258.95
118 $1,096.29 $1,081.35 $14.94 $2,177.60
119 $1,096.29 $1,086.31 $9.98 $1,091.29
120 $1,096.29 $1,091.29 $5.00 $0.00