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Private student loan interest rates fall for 5-year loans

Posted on AllSides May 15th, 2024
From The Right

During the week of May 6, 2024, average private student loan rates increased for borrowers with credit scores of 720 or higher who used the Credible marketplace to take out 10-year fixed-rate loans and decreased for 5-year variable-rate loans. • 10-year fixed rate: 8.14%, up from 7.32% the week before, +0.82 • 5-year variable rate: 8.54%, down from 9.60% the week before, -1.06 Through Credible, you can compare private student loan rates from multiple lenders. For 10-year fixed private student loans, interest rates rose by nearly a full percentage point,...

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