Information regarding Federal student loans:
https://studentaid.gov/Complaints:
https://studentaid.gov/feedback-center/FAQ:
https://studentaid.gov/loan-simulator/Loan interest rates:
sallie mae, APR starting at 3.49%
College Ave, APR starting at 3.47%
SoFi, Variable APR starting at 5.54% with autopay ¹
Federal loan interest ratesU.S. Congress sets the federal student loan interest rates each year based on the 10-year Treasury note yield.
Interest rates may vary from year to year, but they’re fixed once you’ve received the loan funds. Interest rates on federal student loans for the 2023-24 school year are:
Direct Subsidized Loan: 6.53 percent.
Direct Unsubsidized Loan: 6.53 percent (undergraduate) or 8.08 percent (graduate).
Direct PLUS Loan: 9.08 percent.
Find the Best Private Student Loans for December 2024 (these are not government loans). Compare student loan fixed interest rates from 3.45-17.99% and variable interest rates from 4.50-17.99% APR¹ without affecting your credit score.