As of June 2025, the best interest rates on private student loans started around 3.19% for fixed-rate loans and between 4% and 5% for variable-rate loans. For federal student loans, rates in recent years have ranged from 2.75% to 6.54% for undergraduate borrowers. For the 2025-2026 school year, rates on undergraduate loans are set at 6.39%.

Student loan interest rates are high now. Here's how you may be able to secure a lower rate for the fall semester. Here's how you may be able to secure a lower rate for the fall semester.

To lower your student loan interest rate, your options include signing up for autopay, consolidating or refinancing your loans, and improving your credit score.

Some interest rates for new federal student loans have hit record highs for 2024-25: 6.53% for undergraduate direct loans, 8.08% for graduate and professional direct loans, and 9.08% for PLUS loans.

Student loan interest rates can make a significant difference in how much you make in loan payments over time. Where federal student loans always come with fixed interest rates, private student ...

The new rates apply to all loans taken out from July 1, 2023, to June 30, 2024, according to the Education Department. The interest rate for an undergraduate direct loan is 5.5%.

With these lower interest rates for student loans, students may choose to return to campus this fall, rather than take a gap year or otherwise defer admission due to COVID-19.

Interest rates for new undergraduate federal student loans will rise from 2.75% to 3.73% for 2021-22. Here’s what that means for student loan borrowers.

President Trump’s Big Beautiful Bill is massively rolling back federal student-loan programs in a nearly complete-180-degree turnaround from the Biden-era debt-forgiveness movement. The