Student Loan Payment Calculator for Lamar University

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $98,648.00 to attend Lamar 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.

Lamar University Student Loan Payments
Example Payments
Monthly Loan Payment$1,070.59
Amount Borrowed$98,648.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$29,822.80
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 $128,470.80 to afford the $1,070.59 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 Lamar University student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,070.59 $618.45 $452.14 $98,029.55
2 $1,070.59 $621.29 $449.30 $97,408.26
3 $1,070.59 $624.14 $446.45 $96,784.12
4 $1,070.59 $627.00 $443.59 $96,157.13
5 $1,070.59 $629.87 $440.72 $95,527.26
6 $1,070.59 $632.76 $437.83 $94,894.50
7 $1,070.59 $635.66 $434.93 $94,258.84
8 $1,070.59 $638.57 $432.02 $93,620.27
9 $1,070.59 $641.50 $429.09 $92,978.78
10 $1,070.59 $644.44 $426.15 $92,334.34
11 $1,070.59 $647.39 $423.20 $91,686.95
12 $1,070.59 $650.36 $420.23 $91,036.59
13 $1,070.59 $653.34 $417.25 $90,383.25
14 $1,070.59 $656.33 $414.26 $89,726.92
15 $1,070.59 $659.34 $411.25 $89,067.58
16 $1,070.59 $662.36 $408.23 $88,405.21
17 $1,070.59 $665.40 $405.19 $87,739.81
18 $1,070.59 $668.45 $402.14 $87,071.36
19 $1,070.59 $671.51 $399.08 $86,399.85
20 $1,070.59 $674.59 $396.00 $85,725.26
21 $1,070.59 $677.68 $392.91 $85,047.58
22 $1,070.59 $680.79 $389.80 $84,366.79
23 $1,070.59 $683.91 $386.68 $83,682.88
24 $1,070.59 $687.04 $383.55 $82,995.84
25 $1,070.59 $690.19 $380.40 $82,305.64
26 $1,070.59 $693.36 $377.23 $81,612.29
27 $1,070.59 $696.53 $374.06 $80,915.75
28 $1,070.59 $699.73 $370.86 $80,216.03
29 $1,070.59 $702.93 $367.66 $79,513.09
30 $1,070.59 $706.16 $364.44 $78,806.94
31 $1,070.59 $709.39 $361.20 $78,097.55
32 $1,070.59 $712.64 $357.95 $77,384.91
33 $1,070.59 $715.91 $354.68 $76,669.00
34 $1,070.59 $719.19 $351.40 $75,949.81
35 $1,070.59 $722.49 $348.10 $75,227.32
36 $1,070.59 $725.80 $344.79 $74,501.52
37 $1,070.59 $729.12 $341.47 $73,772.40
38 $1,070.59 $732.47 $338.12 $73,039.93
39 $1,070.59 $735.82 $334.77 $72,304.11
40 $1,070.59 $739.20 $331.39 $71,564.91
41 $1,070.59 $742.58 $328.01 $70,822.33
42 $1,070.59 $745.99 $324.60 $70,076.34
43 $1,070.59 $749.41 $321.18 $69,326.93
44 $1,070.59 $752.84 $317.75 $68,574.09
45 $1,070.59 $756.29 $314.30 $67,817.80
46 $1,070.59 $759.76 $310.83 $67,058.04
47 $1,070.59 $763.24 $307.35 $66,294.80
48 $1,070.59 $766.74 $303.85 $65,528.06
49 $1,070.59 $770.25 $300.34 $64,757.81
50 $1,070.59 $773.78 $296.81 $63,984.02
51 $1,070.59 $777.33 $293.26 $63,206.69
52 $1,070.59 $780.89 $289.70 $62,425.80
53 $1,070.59 $784.47 $286.12 $61,641.33
54 $1,070.59 $788.07 $282.52 $60,853.26
55 $1,070.59 $791.68 $278.91 $60,061.58
56 $1,070.59 $795.31 $275.28 $59,266.27
57 $1,070.59 $798.95 $271.64 $58,467.32
58 $1,070.59 $802.61 $267.98 $57,664.71
59 $1,070.59 $806.29 $264.30 $56,858.41
60 $1,070.59 $809.99 $260.60 $56,048.42
61 $1,070.59 $813.70 $256.89 $55,234.72
62 $1,070.59 $817.43 $253.16 $54,417.29
63 $1,070.59 $821.18 $249.41 $53,596.11
64 $1,070.59 $824.94 $245.65 $52,771.17
65 $1,070.59 $828.72 $241.87 $51,942.45
66 $1,070.59 $832.52 $238.07 $51,109.93
67 $1,070.59 $836.34 $234.25 $50,273.59
68 $1,070.59 $840.17 $230.42 $49,433.42
69 $1,070.59 $844.02 $226.57 $48,589.40
70 $1,070.59 $847.89 $222.70 $47,741.52
71 $1,070.59 $851.77 $218.82 $46,889.74
72 $1,070.59 $855.68 $214.91 $46,034.06
73 $1,070.59 $859.60 $210.99 $45,174.46
74 $1,070.59 $863.54 $207.05 $44,310.92
75 $1,070.59 $867.50 $203.09 $43,443.42
76 $1,070.59 $871.47 $199.12 $42,571.95
77 $1,070.59 $875.47 $195.12 $41,696.48
78 $1,070.59 $879.48 $191.11 $40,817.00
79 $1,070.59 $883.51 $187.08 $39,933.49
80 $1,070.59 $887.56 $183.03 $39,045.93
81 $1,070.59 $891.63 $178.96 $38,154.30
82 $1,070.59 $895.72 $174.87 $37,258.58
83 $1,070.59 $899.82 $170.77 $36,358.76
84 $1,070.59 $903.95 $166.64 $35,454.81
85 $1,070.59 $908.09 $162.50 $34,546.72
86 $1,070.59 $912.25 $158.34 $33,634.47
87 $1,070.59 $916.43 $154.16 $32,718.04
88 $1,070.59 $920.63 $149.96 $31,797.41
89 $1,070.59 $924.85 $145.74 $30,872.56
90 $1,070.59 $929.09 $141.50 $29,943.47
91 $1,070.59 $933.35 $137.24 $29,010.12
92 $1,070.59 $937.63 $132.96 $28,072.49
93 $1,070.59 $941.92 $128.67 $27,130.56
94 $1,070.59 $946.24 $124.35 $26,184.32
95 $1,070.59 $950.58 $120.01 $25,233.74
96 $1,070.59 $954.94 $115.65 $24,278.81
97 $1,070.59 $959.31 $111.28 $23,319.50
98 $1,070.59 $963.71 $106.88 $22,355.79
99 $1,070.59 $968.13 $102.46 $21,387.66
100 $1,070.59 $972.56 $98.03 $20,415.10
101 $1,070.59 $977.02 $93.57 $19,438.08
102 $1,070.59 $981.50 $89.09 $18,456.58
103 $1,070.59 $986.00 $84.59 $17,470.58
104 $1,070.59 $990.52 $80.07 $16,480.07
105 $1,070.59 $995.06 $75.53 $15,485.01
106 $1,070.59 $999.62 $70.97 $14,485.39
107 $1,070.59 $1,004.20 $66.39 $13,481.19
108 $1,070.59 $1,008.80 $61.79 $12,472.39
109 $1,070.59 $1,013.42 $57.17 $11,458.97
110 $1,070.59 $1,018.07 $52.52 $10,440.90
111 $1,070.59 $1,022.74 $47.85 $9,418.16
112 $1,070.59 $1,027.42 $43.17 $8,390.74
113 $1,070.59 $1,032.13 $38.46 $7,358.61
114 $1,070.59 $1,036.86 $33.73 $6,321.74
115 $1,070.59 $1,041.62 $28.97 $5,280.13
116 $1,070.59 $1,046.39 $24.20 $4,233.74
117 $1,070.59 $1,051.19 $19.40 $3,182.55
118 $1,070.59 $1,056.00 $14.59 $2,126.55
119 $1,070.59 $1,060.84 $9.75 $1,065.71
120 $1,070.59 $1,065.71 $4.88 $0.00