Current student loan interest rates and ranges for
Marisa Figat is Investopedia’s Content Integrity & Compliance Manager covering credit cards, checking and saving accounts, loan products, insurance, and more.
Student loan rates are currently some of the lowest we’ve seen in history. However, while the rates might look attractive, there are still some things to consider before you take on student loan debt in this volatile economic climate.
Key Takeaways
- All federal student loans are currently 0% interest and require no payments through .
- Federal student loan interest rates are currently at very low levels.
- Beginning , federal student loan rates for undergraduate loans are 3.73%, graduate loan rates are 5.28%, and Parent PLUS loan rates are 6.28%.
- Private student loan rates haven’t seen a dramatic drop but aren’t expected to rise.
All months of payment suspension will count as qualifying payments for borrowers working toward forgiveness under the Public Service Loan Forgiveness (PSLF) program or on an income-driven repayment (IDR) plan.
School Enrollment Trends
In fall 2020, colleges and universities opened their classrooms and dorm rooms again, with early trends (both expected and unexpected). (περισσότερα…)