<ul data-eligibleForWebStory="false">Private student loan interest rates edge up, but remain relatively low for solid credit borrowers.June's rates were 6.30% for 10-year fixed loans and 14.33% for five-year variable loans.Fixed rates increased by 0.27% to 6.30%, still lower than the previous year.Consider federal loans first for lower rates and better repayment options.Private lenders offer various repayment plans, co-signer requirements, and competitive interest rates.