<ul><li>Last week, the average interest rate on 10-year fixed-rate private student loans increased to 8.59%.</li><li>Borrowers currently receive higher rates compared to last year, with a 1.54% increase.</li><li>Variable interest rates on five-year loans decreased to an average of 7.18%.</li><li>Private student loans offer competitive interest rates, benefits such as deferment, and the ability to cover total cost of attendance.</li></ul>

Private Student Loan Rates: March 4, 2025—Loan Rates Rise

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