What is the interest rate on student loans? The rate depends on the type of loans you have. For federal loans, the following fixed rates apply: Federal Direct Subsidized and Unsubsidized (for undergraduate students): 6.53%; Federal Direct Unsubsidized (for graduate students): 8.08% and PLUS ...
Private lenders set the interest rate you pay to borrow the funds. You typically have between five and 20 years to repay student loans. If your lender offers the option to prequalify, take advantage — it will let you calculate your student loan interest and payments to understand how much ...
Robert Shireman, executive director of the Project on Student Debt advises students and their parents to go with federal loans first because they are easy to apply for and carry a fixed interest rate. Gary Carpenter, a certified college planner says that after the Perkins, the Stafford is the...
As we enter 2025, student loan refinance interest rates have held steady for several months. Even though we are not at all-time lows, many borrowers still have excellent opportunities for lower interest rates on their private loans. If you have rate-shopped over the past couple of months, ...
Graduate student loans from private lenders may have higher interest rates than undergraduate loans from the same lenders. However, lenders typically offer a range of rates based on your creditworthiness. If you've managed to build a credit history by the time you're a graduate student, you may...
What to know first:Refinancing your student loans may land you a lower interest rate and a smaller monthly payment. However, refinancing isn't always a good idea. If you have federal student loans, refinancing comes with downsides you should consider. You'll also need to research student loan...
Here's our guide to help you find the best student loans and rates so that you can get the best interest rate on your student loans.
Many student loan companies don’t lend to international students, except for a select few. We reviewed and compared the APRs, fees, and terms of the best lenders offering international student loans.
On This Page Maximizing Federal & Free Financial Aid How Private Student Loans Work Pros & Cons of Private Student Loans Private Student Loan Interest Rate Trends Choosing the Best Private Student Loan How to Get a Private Loan Alternatives to Private Student Loans FAQs Methodology Apply for ...
Compare offers from multiple private student loan lenders to find the lowest interest rate. Choose private loans only after you've exhausted all federal financial aid.