Student Loan Payment Calculator for West Virginia University Institute of Technology

Payments, Loan Cost and Prepayment Saving

Standard Loan Repayment Costs

Below are the details of a sample student loan if you borrowed $93,896.00 to attend West Virginia University Institute of Technology. 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.

West Virginia University Institute of Technology Student Loan Payments
Example Payments
Monthly Loan Payment$1,019.02
Amount Borrowed$93,896.00
Interest Rate5.5%
Term years
Number of Monthly Payments120
Total Interest Cost$28,386.20
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 $122,282.20 to afford the $1,019.02 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 West Virginia University Institute of Technology student loan.

Prepayment Option

Loan Balances Over Time

Student Loan Amortization Table

Month Payment Principal Interest Balance
1 $1,019.02 $588.66 $430.36 $93,307.34
2 $1,019.02 $591.36 $427.66 $92,715.98
3 $1,019.02 $594.07 $424.95 $92,121.91
4 $1,019.02 $596.79 $422.23 $91,525.12
5 $1,019.02 $599.53 $419.49 $90,925.59
6 $1,019.02 $602.28 $416.74 $90,323.31
7 $1,019.02 $605.04 $413.98 $89,718.27
8 $1,019.02 $607.81 $411.21 $89,110.47
9 $1,019.02 $610.60 $408.42 $88,499.87
10 $1,019.02 $613.39 $405.62 $87,886.48
11 $1,019.02 $616.21 $402.81 $87,270.27
12 $1,019.02 $619.03 $399.99 $86,651.24
13 $1,019.02 $621.87 $397.15 $86,029.37
14 $1,019.02 $624.72 $394.30 $85,404.66
15 $1,019.02 $627.58 $391.44 $84,777.08
16 $1,019.02 $630.46 $388.56 $84,146.62
17 $1,019.02 $633.35 $385.67 $83,513.27
18 $1,019.02 $636.25 $382.77 $82,877.02
19 $1,019.02 $639.17 $379.85 $82,237.86
20 $1,019.02 $642.09 $376.92 $81,595.76
21 $1,019.02 $645.04 $373.98 $80,950.73
22 $1,019.02 $647.99 $371.02 $80,302.73
23 $1,019.02 $650.96 $368.05 $79,651.77
24 $1,019.02 $653.95 $365.07 $78,997.82
25 $1,019.02 $656.94 $362.07 $78,340.88
26 $1,019.02 $659.96 $359.06 $77,680.92
27 $1,019.02 $662.98 $356.04 $77,017.94
28 $1,019.02 $666.02 $353.00 $76,351.92
29 $1,019.02 $669.07 $349.95 $75,682.85
30 $1,019.02 $672.14 $346.88 $75,010.71
31 $1,019.02 $675.22 $343.80 $74,335.49
32 $1,019.02 $678.31 $340.70 $73,657.18
33 $1,019.02 $681.42 $337.60 $72,975.75
34 $1,019.02 $684.55 $334.47 $72,291.21
35 $1,019.02 $687.68 $331.33 $71,603.52
36 $1,019.02 $690.84 $328.18 $70,912.69
37 $1,019.02 $694.00 $325.02 $70,218.69
38 $1,019.02 $697.18 $321.84 $69,521.50
39 $1,019.02 $700.38 $318.64 $68,821.12
40 $1,019.02 $703.59 $315.43 $68,117.54
41 $1,019.02 $706.81 $312.21 $67,410.72
42 $1,019.02 $710.05 $308.97 $66,700.67
43 $1,019.02 $713.31 $305.71 $65,987.36
44 $1,019.02 $716.58 $302.44 $65,270.79
45 $1,019.02 $719.86 $299.16 $64,550.93
46 $1,019.02 $723.16 $295.86 $63,827.77
47 $1,019.02 $726.47 $292.54 $63,101.29
48 $1,019.02 $729.80 $289.21 $62,371.49
49 $1,019.02 $733.15 $285.87 $61,638.34
50 $1,019.02 $736.51 $282.51 $60,901.83
51 $1,019.02 $739.88 $279.13 $60,161.95
52 $1,019.02 $743.28 $275.74 $59,418.67
53 $1,019.02 $746.68 $272.34 $58,671.99
54 $1,019.02 $750.11 $268.91 $57,921.88
55 $1,019.02 $753.54 $265.48 $57,168.34
56 $1,019.02 $757.00 $262.02 $56,411.34
57 $1,019.02 $760.47 $258.55 $55,650.88
58 $1,019.02 $763.95 $255.07 $54,886.92
59 $1,019.02 $767.45 $251.57 $54,119.47
60 $1,019.02 $770.97 $248.05 $53,348.50
61 $1,019.02 $774.50 $244.51 $52,574.00
62 $1,019.02 $778.05 $240.96 $51,795.94
63 $1,019.02 $781.62 $237.40 $51,014.32
64 $1,019.02 $785.20 $233.82 $50,229.12
65 $1,019.02 $788.80 $230.22 $49,440.32
66 $1,019.02 $792.42 $226.60 $48,647.90
67 $1,019.02 $796.05 $222.97 $47,851.85
68 $1,019.02 $799.70 $219.32 $47,052.15
69 $1,019.02 $803.36 $215.66 $46,248.79
70 $1,019.02 $807.04 $211.97 $45,441.75
71 $1,019.02 $810.74 $208.27 $44,631.00
72 $1,019.02 $814.46 $204.56 $43,816.54
73 $1,019.02 $818.19 $200.83 $42,998.35
74 $1,019.02 $821.94 $197.08 $42,176.41
75 $1,019.02 $825.71 $193.31 $41,350.70
76 $1,019.02 $829.49 $189.52 $40,521.20
77 $1,019.02 $833.30 $185.72 $39,687.91
78 $1,019.02 $837.12 $181.90 $38,850.79
79 $1,019.02 $840.95 $178.07 $38,009.84
80 $1,019.02 $844.81 $174.21 $37,165.03
81 $1,019.02 $848.68 $170.34 $36,316.35
82 $1,019.02 $852.57 $166.45 $35,463.79
83 $1,019.02 $856.48 $162.54 $34,607.31
84 $1,019.02 $860.40 $158.62 $33,746.91
85 $1,019.02 $864.35 $154.67 $32,882.56
86 $1,019.02 $868.31 $150.71 $32,014.26
87 $1,019.02 $872.29 $146.73 $31,141.97
88 $1,019.02 $876.28 $142.73 $30,265.69
89 $1,019.02 $880.30 $138.72 $29,385.39
90 $1,019.02 $884.34 $134.68 $28,501.05
91 $1,019.02 $888.39 $130.63 $27,612.66
92 $1,019.02 $892.46 $126.56 $26,720.20
93 $1,019.02 $896.55 $122.47 $25,823.65
94 $1,019.02 $900.66 $118.36 $24,922.99
95 $1,019.02 $904.79 $114.23 $24,018.20
96 $1,019.02 $908.93 $110.08 $23,109.27
97 $1,019.02 $913.10 $105.92 $22,196.17
98 $1,019.02 $917.29 $101.73 $21,278.88
99 $1,019.02 $921.49 $97.53 $20,357.39
100 $1,019.02 $925.71 $93.30 $19,431.68
101 $1,019.02 $929.96 $89.06 $18,501.72
102 $1,019.02 $934.22 $84.80 $17,567.50
103 $1,019.02 $938.50 $80.52 $16,629.00
104 $1,019.02 $942.80 $76.22 $15,686.20
105 $1,019.02 $947.12 $71.90 $14,739.08
106 $1,019.02 $951.46 $67.55 $13,787.61
107 $1,019.02 $955.83 $63.19 $12,831.79
108 $1,019.02 $960.21 $58.81 $11,871.58
109 $1,019.02 $964.61 $54.41 $10,906.97
110 $1,019.02 $969.03 $49.99 $9,937.95
111 $1,019.02 $973.47 $45.55 $8,964.48
112 $1,019.02 $977.93 $41.09 $7,986.55
113 $1,019.02 $982.41 $36.60 $7,004.13
114 $1,019.02 $986.92 $32.10 $6,017.22
115 $1,019.02 $991.44 $27.58 $5,025.78
116 $1,019.02 $995.98 $23.03 $4,029.79
117 $1,019.02 $1,000.55 $18.47 $3,029.24
118 $1,019.02 $1,005.13 $13.88 $2,024.11
119 $1,019.02 $1,009.74 $9.28 $1,014.37
120 $1,019.02 $1,014.37 $4.65 $0.00