Student Loan Payment Calculator for University of Akron Main Campus

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $103,296.00 to attend University of Akron Main Campus. 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.

University of Akron Main Campus Student Loan Payments
Example Payments
Monthly Loan Payment$1,121.03
Amount Borrowed$103,296.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$31,227.96
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 $134,523.96 to afford the $1,121.03 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 University of Akron Main Campus student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,121.03 $647.59 $473.44 $102,648.41
2 $1,121.03 $650.56 $470.47 $101,997.85
3 $1,121.03 $653.54 $467.49 $101,344.30
4 $1,121.03 $656.54 $464.49 $100,687.76
5 $1,121.03 $659.55 $461.49 $100,028.22
6 $1,121.03 $662.57 $458.46 $99,365.65
7 $1,121.03 $665.61 $455.43 $98,700.04
8 $1,121.03 $668.66 $452.38 $98,031.38
9 $1,121.03 $671.72 $449.31 $97,359.66
10 $1,121.03 $674.80 $446.23 $96,684.86
11 $1,121.03 $677.89 $443.14 $96,006.96
12 $1,121.03 $681.00 $440.03 $95,325.96
13 $1,121.03 $684.12 $436.91 $94,641.84
14 $1,121.03 $687.26 $433.78 $93,954.58
15 $1,121.03 $690.41 $430.63 $93,264.17
16 $1,121.03 $693.57 $427.46 $92,570.60
17 $1,121.03 $696.75 $424.28 $91,873.85
18 $1,121.03 $699.94 $421.09 $91,173.91
19 $1,121.03 $703.15 $417.88 $90,470.75
20 $1,121.03 $706.38 $414.66 $89,764.38
21 $1,121.03 $709.61 $411.42 $89,054.77
22 $1,121.03 $712.87 $408.17 $88,341.90
23 $1,121.03 $716.13 $404.90 $87,625.77
24 $1,121.03 $719.41 $401.62 $86,906.35
25 $1,121.03 $722.71 $398.32 $86,183.64
26 $1,121.03 $726.02 $395.01 $85,457.62
27 $1,121.03 $729.35 $391.68 $84,728.26
28 $1,121.03 $732.70 $388.34 $83,995.57
29 $1,121.03 $736.05 $384.98 $83,259.51
30 $1,121.03 $739.43 $381.61 $82,520.09
31 $1,121.03 $742.82 $378.22 $81,777.27
32 $1,121.03 $746.22 $374.81 $81,031.05
33 $1,121.03 $749.64 $371.39 $80,281.41
34 $1,121.03 $753.08 $367.96 $79,528.33
35 $1,121.03 $756.53 $364.50 $78,771.81
36 $1,121.03 $760.00 $361.04 $78,011.81
37 $1,121.03 $763.48 $357.55 $77,248.33
38 $1,121.03 $766.98 $354.05 $76,481.35
39 $1,121.03 $770.49 $350.54 $75,710.86
40 $1,121.03 $774.02 $347.01 $74,936.83
41 $1,121.03 $777.57 $343.46 $74,159.26
42 $1,121.03 $781.14 $339.90 $73,378.13
43 $1,121.03 $784.72 $336.32 $72,593.41
44 $1,121.03 $788.31 $332.72 $71,805.10
45 $1,121.03 $791.93 $329.11 $71,013.17
46 $1,121.03 $795.56 $325.48 $70,217.61
47 $1,121.03 $799.20 $321.83 $69,418.41
48 $1,121.03 $802.87 $318.17 $68,615.55
49 $1,121.03 $806.55 $314.49 $67,809.00
50 $1,121.03 $810.24 $310.79 $66,998.76
51 $1,121.03 $813.96 $307.08 $66,184.80
52 $1,121.03 $817.69 $303.35 $65,367.12
53 $1,121.03 $821.43 $299.60 $64,545.68
54 $1,121.03 $825.20 $295.83 $63,720.49
55 $1,121.03 $828.98 $292.05 $62,891.50
56 $1,121.03 $832.78 $288.25 $62,058.72
57 $1,121.03 $836.60 $284.44 $61,222.13
58 $1,121.03 $840.43 $280.60 $60,381.70
59 $1,121.03 $844.28 $276.75 $59,537.41
60 $1,121.03 $848.15 $272.88 $58,689.26
61 $1,121.03 $852.04 $268.99 $57,837.22
62 $1,121.03 $855.95 $265.09 $56,981.27
63 $1,121.03 $859.87 $261.16 $56,121.40
64 $1,121.03 $863.81 $257.22 $55,257.59
65 $1,121.03 $867.77 $253.26 $54,389.82
66 $1,121.03 $871.75 $249.29 $53,518.08
67 $1,121.03 $875.74 $245.29 $52,642.34
68 $1,121.03 $879.76 $241.28 $51,762.58
69 $1,121.03 $883.79 $237.25 $50,878.79
70 $1,121.03 $887.84 $233.19 $49,990.95
71 $1,121.03 $891.91 $229.13 $49,099.05
72 $1,121.03 $896.00 $225.04 $48,203.05
73 $1,121.03 $900.10 $220.93 $47,302.95
74 $1,121.03 $904.23 $216.81 $46,398.72
75 $1,121.03 $908.37 $212.66 $45,490.35
76 $1,121.03 $912.54 $208.50 $44,577.81
77 $1,121.03 $916.72 $204.31 $43,661.09
78 $1,121.03 $920.92 $200.11 $42,740.17
79 $1,121.03 $925.14 $195.89 $41,815.03
80 $1,121.03 $929.38 $191.65 $40,885.65
81 $1,121.03 $933.64 $187.39 $39,952.01
82 $1,121.03 $937.92 $183.11 $39,014.09
83 $1,121.03 $942.22 $178.81 $38,071.87
84 $1,121.03 $946.54 $174.50 $37,125.34
85 $1,121.03 $950.88 $170.16 $36,174.46
86 $1,121.03 $955.23 $165.80 $35,219.23
87 $1,121.03 $959.61 $161.42 $34,259.62
88 $1,121.03 $964.01 $157.02 $33,295.61
89 $1,121.03 $968.43 $152.60 $32,327.18
90 $1,121.03 $972.87 $148.17 $31,354.31
91 $1,121.03 $977.33 $143.71 $30,376.99
92 $1,121.03 $981.81 $139.23 $29,395.18
93 $1,121.03 $986.31 $134.73 $28,408.88
94 $1,121.03 $990.83 $130.21 $27,418.05
95 $1,121.03 $995.37 $125.67 $26,422.68
96 $1,121.03 $999.93 $121.10 $25,422.75
97 $1,121.03 $1,004.51 $116.52 $24,418.24
98 $1,121.03 $1,009.12 $111.92 $23,409.13
99 $1,121.03 $1,013.74 $107.29 $22,395.39
100 $1,121.03 $1,018.39 $102.65 $21,377.00
101 $1,121.03 $1,023.06 $97.98 $20,353.94
102 $1,121.03 $1,027.74 $93.29 $19,326.20
103 $1,121.03 $1,032.45 $88.58 $18,293.74
104 $1,121.03 $1,037.19 $83.85 $17,256.56
105 $1,121.03 $1,041.94 $79.09 $16,214.62
106 $1,121.03 $1,046.72 $74.32 $15,167.90
107 $1,121.03 $1,051.51 $69.52 $14,116.39
108 $1,121.03 $1,056.33 $64.70 $13,060.05
109 $1,121.03 $1,061.17 $59.86 $11,998.88
110 $1,121.03 $1,066.04 $54.99 $10,932.84
111 $1,121.03 $1,070.92 $50.11 $9,861.92
112 $1,121.03 $1,075.83 $45.20 $8,786.08
113 $1,121.03 $1,080.76 $40.27 $7,705.32
114 $1,121.03 $1,085.72 $35.32 $6,619.60
115 $1,121.03 $1,090.69 $30.34 $5,528.91
116 $1,121.03 $1,095.69 $25.34 $4,433.22
117 $1,121.03 $1,100.71 $20.32 $3,332.50
118 $1,121.03 $1,105.76 $15.27 $2,226.75
119 $1,121.03 $1,110.83 $10.21 $1,115.92
120 $1,121.03 $1,115.92 $5.11 $0.00