Best Student Loans Without a Co-Signer of April 2024
Private Student Loan Interest Rate Trends
Student loan interest rates increased last month, according to a U.S. News analysis of minimum and maximum APRs reported by private lenders. Student loan rates have trended higher during the past year, with variable rates climbing by a higher margin than fixed rates.
Here are the in-school student loan rates offered during the month of February 2024:
Average fixed APR range: 4.46% - 14.90% (Compared to 4.46% - 14.90% the previous month).
Average variable APR range: 5.08% - 15.23% (Compared to 5.08% - 15.08% the previous month).
The APRs on the lower end of the range are generally reserved for applicants with a high credit score and low debt-to-income ratio, while those with poor credit or limited income ...