What Is The Average Student Loan Interest Rate?

Interest rates on student loans range from 0% to approaching double digits. But what is the average student loan interest rate?

So, what is the average student loans interest rate?

- Federal student loans (fixed) - Private student loan interest rates vary by lender

How Is Student Loan Interest Calculated?

The interest on federal student loans accrues daily. To calculate the interest as it accrue, click Read more to find out the formula.

What to Look For In a Student Loan Interest Rate

Because of the higher interest rates and potentially fewer perks, you should first take advantage of all federal student loans you qualify for before comparing private loan options.

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They’re Paying 0% to 1% Interest on Private Student Loans After Variable Rate Refinancing