The latest private student loan interest rates from the Credible marketplace, updated weekly.
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For 10-year fixed-rate loans, interest rates slid down 0.66 percentage points, while 5-year variable-rate loans saw a drop of 0.29 percentage points. However, rates for both loan terms are higher than they were this time last year.Check out recent private student loan interest rates for borrowers who used the Credible marketplace to select a lender.
If you’re not eligible for federal loans or have maxed out your borrowing limits, consider private student loans. Private lenders include banks, credit unions, and online lenders. Depending on your financial situation, credit history, and the lender you choose, interest rates and terms on private student loans can vary — but well-qualified applicants could find lower rates than what’s available on federal loans.in minutes.Federal student loan interest rates are set by Congress each year.
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