<ul><li>Last week, the average interest rate on 10-year fixed-rate private student loans fell to 7.93%, benefiting borrowers who need to fill college funding gaps.</li><li>Borrowers with a credit score of 720 or higher received an average fixed interest rate of 7.93% for a 10-year private student loan, as reported by Credible.com.</li><li>The average fixed rate on a 10-year private student loan dropped by 0.58% from the prior week, providing lower rates compared to a year ago.</li><li>When considering private student loans, borrowers should weigh the differences between fixed and variable rates, and federal loan options.</li></ul>

Private Student Loan Rates: May 28, 2025 – Loan Rates Slip

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