Student Loan Payment Calculator for South Texas College

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $55,500.00 to attend South Texas 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.

South Texas College Student Loan Payments
Example Payments
Monthly Loan Payment$602.32
Amount Borrowed$55,500.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$16,778.50
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 $72,278.50 to afford the $602.32 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 South Texas College student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $602.32 $347.95 $254.38 $55,152.05
2 $602.32 $349.54 $252.78 $54,802.51
3 $602.32 $351.14 $251.18 $54,451.37
4 $602.32 $352.75 $249.57 $54,098.62
5 $602.32 $354.37 $247.95 $53,744.25
6 $602.32 $355.99 $246.33 $53,388.26
7 $602.32 $357.62 $244.70 $53,030.63
8 $602.32 $359.26 $243.06 $52,671.37
9 $602.32 $360.91 $241.41 $52,310.46
10 $602.32 $362.56 $239.76 $51,947.89
11 $602.32 $364.23 $238.09 $51,583.67
12 $602.32 $365.90 $236.43 $51,217.77
13 $602.32 $367.57 $234.75 $50,850.20
14 $602.32 $369.26 $233.06 $50,480.94
15 $602.32 $370.95 $231.37 $50,109.99
16 $602.32 $372.65 $229.67 $49,737.34
17 $602.32 $374.36 $227.96 $49,362.98
18 $602.32 $376.07 $226.25 $48,986.91
19 $602.32 $377.80 $224.52 $48,609.11
20 $602.32 $379.53 $222.79 $48,229.58
21 $602.32 $381.27 $221.05 $47,848.31
22 $602.32 $383.02 $219.30 $47,465.30
23 $602.32 $384.77 $217.55 $47,080.53
24 $602.32 $386.54 $215.79 $46,693.99
25 $602.32 $388.31 $214.01 $46,305.68
26 $602.32 $390.09 $212.23 $45,915.60
27 $602.32 $391.87 $210.45 $45,523.72
28 $602.32 $393.67 $208.65 $45,130.05
29 $602.32 $395.47 $206.85 $44,734.58
30 $602.32 $397.29 $205.03 $44,337.29
31 $602.32 $399.11 $203.21 $43,938.18
32 $602.32 $400.94 $201.38 $43,537.25
33 $602.32 $402.78 $199.55 $43,134.47
34 $602.32 $404.62 $197.70 $42,729.85
35 $602.32 $406.48 $195.85 $42,323.37
36 $602.32 $408.34 $193.98 $41,915.04
37 $602.32 $410.21 $192.11 $41,504.82
38 $602.32 $412.09 $190.23 $41,092.73
39 $602.32 $413.98 $188.34 $40,678.76
40 $602.32 $415.88 $186.44 $40,262.88
41 $602.32 $417.78 $184.54 $39,845.10
42 $602.32 $419.70 $182.62 $39,425.40
43 $602.32 $421.62 $180.70 $39,003.78
44 $602.32 $423.55 $178.77 $38,580.22
45 $602.32 $425.49 $176.83 $38,154.73
46 $602.32 $427.45 $174.88 $37,727.28
47 $602.32 $429.40 $172.92 $37,297.88
48 $602.32 $431.37 $170.95 $36,866.51
49 $602.32 $433.35 $168.97 $36,433.16
50 $602.32 $435.34 $166.99 $35,997.82
51 $602.32 $437.33 $164.99 $35,560.49
52 $602.32 $439.34 $162.99 $35,121.16
53 $602.32 $441.35 $160.97 $34,679.81
54 $602.32 $443.37 $158.95 $34,236.44
55 $602.32 $445.40 $156.92 $33,791.03
56 $602.32 $447.45 $154.88 $33,343.59
57 $602.32 $449.50 $152.82 $32,894.09
58 $602.32 $451.56 $150.76 $32,442.53
59 $602.32 $453.63 $148.69 $31,988.91
60 $602.32 $455.71 $146.62 $31,533.20
61 $602.32 $457.79 $144.53 $31,075.41
62 $602.32 $459.89 $142.43 $30,615.52
63 $602.32 $462.00 $140.32 $30,153.52
64 $602.32 $464.12 $138.20 $29,689.40
65 $602.32 $466.24 $136.08 $29,223.16
66 $602.32 $468.38 $133.94 $28,754.78
67 $602.32 $470.53 $131.79 $28,284.25
68 $602.32 $472.68 $129.64 $27,811.56
69 $602.32 $474.85 $127.47 $27,336.71
70 $602.32 $477.03 $125.29 $26,859.68
71 $602.32 $479.21 $123.11 $26,380.47
72 $602.32 $481.41 $120.91 $25,899.06
73 $602.32 $483.62 $118.70 $25,415.44
74 $602.32 $485.83 $116.49 $24,929.61
75 $602.32 $488.06 $114.26 $24,441.55
76 $602.32 $490.30 $112.02 $23,951.25
77 $602.32 $492.54 $109.78 $23,458.71
78 $602.32 $494.80 $107.52 $22,963.91
79 $602.32 $497.07 $105.25 $22,466.84
80 $602.32 $499.35 $102.97 $21,967.49
81 $602.32 $501.64 $100.68 $21,465.85
82 $602.32 $503.94 $98.39 $20,961.92
83 $602.32 $506.25 $96.08 $20,455.67
84 $602.32 $508.57 $93.76 $19,947.11
85 $602.32 $510.90 $91.42 $19,436.21
86 $602.32 $513.24 $89.08 $18,922.97
87 $602.32 $515.59 $86.73 $18,407.38
88 $602.32 $517.95 $84.37 $17,889.43
89 $602.32 $520.33 $81.99 $17,369.10
90 $602.32 $522.71 $79.61 $16,846.39
91 $602.32 $525.11 $77.21 $16,321.28
92 $602.32 $527.51 $74.81 $15,793.76
93 $602.32 $529.93 $72.39 $15,263.83
94 $602.32 $532.36 $69.96 $14,731.47
95 $602.32 $534.80 $67.52 $14,196.67
96 $602.32 $537.25 $65.07 $13,659.41
97 $602.32 $539.72 $62.61 $13,119.70
98 $602.32 $542.19 $60.13 $12,577.51
99 $602.32 $544.67 $57.65 $12,032.84
100 $602.32 $547.17 $55.15 $11,485.67
101 $602.32 $549.68 $52.64 $10,935.99
102 $602.32 $552.20 $50.12 $10,383.79
103 $602.32 $554.73 $47.59 $9,829.06
104 $602.32 $557.27 $45.05 $9,271.79
105 $602.32 $559.83 $42.50 $8,711.97
106 $602.32 $562.39 $39.93 $8,149.57
107 $602.32 $564.97 $37.35 $7,584.61
108 $602.32 $567.56 $34.76 $7,017.05
109 $602.32 $570.16 $32.16 $6,446.89
110 $602.32 $572.77 $29.55 $5,874.12
111 $602.32 $575.40 $26.92 $5,298.72
112 $602.32 $578.04 $24.29 $4,720.68
113 $602.32 $580.68 $21.64 $4,140.00
114 $602.32 $583.35 $18.97 $3,556.65
115 $602.32 $586.02 $16.30 $2,970.63
116 $602.32 $588.71 $13.62 $2,381.93
117 $602.32 $591.40 $10.92 $1,790.52
118 $602.32 $594.11 $8.21 $1,196.41
119 $602.32 $596.84 $5.48 $599.57
120 $602.32 $599.57 $2.75 $0.00