There are two types of student loans: federal and private.

Federal student loans, the more common of the two, have one set fixed interest rate for each academic year. This is rate is determined based on the 10-year treasury note and is updated every year.

Private student loans, on the other hand, typically have both fixed and variable rates and change many times throughout the year based on the market. Private lenders display a range of interest rates because they determine borrowers' exact interest rates based on their, or their cosigner's, creditworthiness - among other things. 

To help students and their families stay up-to-date on student loan interest rates, we will be releasing a new article each month with the current rates. We will also periodically update these posts to reflect any changes that occur within the month. This is our second ever in-school student loan interest rates post. To see January's, click here

There have been a few changes this month, but not many. Rates are generally the same as compared to a month ago.​

Below you will find the current interest rates for undergraduate student loans, graduate student loans, and parent student loans. Looking for student loan refinancing interest rates? Click here.

Undergraduate Student Loan Interest Rates


Federal Undergraduate Student Loans

department-of-education-logo

Variable APR:

N/A

Fixed APR:

3.76%


Private Undergraduate Student Loans

college ave refinancing rates

Variable APR:

3.09% - 9.56%

Fixed APR:

5.74% - 11.85%


pnc-logo-student-loans

Variable APR:

3.77% - 10.81%

Fixed APR:

6.23% - 12.99%


citizens-bank-student-loan-refinancing-interest-rates

Variable APR:

2.77% - 9.57%

Fixed APR:

5.25% - 11.23%


suntrust-private-student-loan-interest-rates

Variable APR:

4.11% - 9.48%

Fixed APR:

4.60% - 10.33%


sallie-mae-private-student-loan-interest-rates

Variable APR:

2.87% - 9.91%

Fixed APR:

5.74% - 11.85%


Graduate Student Loan Interest Rates


Federal Graduate Student Loans

department-of-education-logo

Variable APR:

N/A

Fixed APR:

5.31%


Private Graduate Student Loans

college ave refinancing rates

Variable APR:

4.07% - 8.90%

Fixed APR:

6.73% - 11.35%


pnc-logo-student-loans

Variable APR:

3.77% - 10.81%

Fixed APR:

6.23% - 12.99%


citizens-bank-student-loan-refinancing-interest-rates

Variable APR:

2.77% - 9.30%

Fixed APR:

4.75% - 11.41%


suntrust-private-student-loan-interest-rates

Variable APR:

4.11% - 9.48%

Fixed APR:

4.60% - 10.33%


sallie-mae-private-student-loan-interest-rates

Variable APR:

2.87% - 7.86%

Fixed APR:

5.74% - 8.56%


Parent Student Loan Interest Rates


Federal Parent Student Loans

department-of-education-logo

Variable APR:

N/A

Fixed APR:

5.31%


Private Parent Student Loans

college ave refinancing rates

Variable APR:

4.44% - 6.42%

Fixed APR:

6.54%


citizens-bank-student-loan-refinancing-interest-rates

Variable APR:

N/A

Fixed APR:

5.95% - 6.55%


sallie-mae-private-student-loan-interest-rates

Variable APR:

4.37% - 10.74%

Fixed APR:

5.74% - 12.87%


©2017