What are student loan interest rates like today?

[youdontkillmoney]

I had a friend who consolidated loans back in 2006 or so and the rate was 2.875% but was able to bring it down by 0.25% with auto debit from checking so it's 2.62%.

Anyone got a better rate that is actively making payments (non forbearance)?

[InvincibleSummer3]

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@youdontkillmoney wrote:

I had a friend who consolidated loans back in 2006 or so and the rate was 2.875% but was able to bring it down by 0.25% with auto debit from checking so it's 2.62%.

Anyone got a better rate that is actively making payments (non forbearance)?

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Are you talking about federal loans? I graduated in 2008, and three of my loans are 2.33%. With the autopay discount its 2.08%. The interest rate is set by the government, though, and it's not sensitive to scores at all. It just depends on what time period the money was disbursed. 

[youdontkillmoney]

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@InvincibleSummer3 wrote:

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@youdontkillmoney wrote:

I had a friend who consolidated loans back in 2006 or so and the rate was 2.875% but was able to bring it down by 0.25% with auto debit from checking so it's 2.62%.

Anyone got a better rate that is actively making payments (non forbearance)?

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Are you talking about federal loans? I graduated in 2008, and three of my loans are 2.33%. With the autopay discount its 2.08%. The interest rate is set by the government, though, and it's not sensitive to scores at all. It just depends on what time period the money was disbursed. 

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^^

Thanks for the reply, the one I am referring to is a private health nursing school loan, yours is a great rate!

[Luscher]

Don;t expect rates like that anymore

[youdontkillmoney]

Thank you for the link!