Fixed interest rates offer safety and predictability, while variable rates present greater initial savings on student loans but more risk overall.
Bankrate can help you stay up to date on current interest rates for federal and private student loans.
When considering taking out a student loan, evaluating interest rates cannot be overlooked. Find the difference between fixed and variable interest rates, learn how rates are calculated, and see lo...
Whether a fixed-rate or variable-rate student loan is best for you depends on various factors, like what type of student loan you’re taking out — federal or private. Fixed-rate loans come with an interest rate that remains the same throughout the life of the loan, meaning you’ll have predictable monthly payments. By comparison, variable-rate student loans have an interest rate that fluctuates based on market conditions. Fixed-rate loans are usually the safest choice for many students since it’s hard to predict which direction rates will ...
Get the latest student loan interest rates for federal student loans, private student loans and student loan refinance and tips for repaying student loan interest.
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Fixed rate student loans are best for most borrowers, but variable rates can be a money-saver. Here's how to decide on a fixed or variable student loan.
When deciding whether a fixed rate or variable rate is preferable for your student loan, here are a few factors you may want to consider.
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A variable rate student loan could guarantee you a lower interest rate, at least initially. Learn more about which type of loan is right for you.