Average Student Loan Interest Rates for Private and Federal Loans
Private student loan rates vary by lender and are based on several factors, while federal student loan rates are fixed and determined by Congress before each academic year.
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Lisa Davis has been a writer and editor for more than eight years. Her work has appeared on Texas Lifestyle Magazine and RetailMeNot.
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Richard Richtmyer is a senior editor with over 20 years of finance experience. He's an expert on student loans, capital markets, investing, real estate, technology, business, government, and politics.
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Director of content
Heidi Gollub is the director of content at Credible and has more than 15 years of experience in content strategy and editorial leadership.
Updated March 31, 2025
Editorial disclosure: Our goal is to give you the tools and confidence you need to improve your finances. Although we receive compensation from our partner lenders, whom we will always identify, all opinions are our own. Credible Operations, Inc. NMLS # 1681276, is referred to here as “Credible.”
