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Private Student Loan Rates: March 11, 2025—Loan Rates Edge Down

  • Rates on 10-year fixed-rate private student loans decreased last week.
  • The average fixed interest rate on a 10-year private student loan was 7.18% for borrowers with a credit score of 720 or higher.
  • Compared to the previous week, the average fixed rate on 10-year loans dropped by 1.41%.
  • Last year, the average fixed rate on a 10-year private student loan was 8.90%, indicating a decrease in rates over time.

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