What is the current interest rate for student loans?

The current interest rate for student loans in North Carolina is relatively low compared to other states. Undergraduate students can currently expect to pay an interest rate of 4.45% while graduate students pay a rate of 6%. In addition, parents and guardians of dependent students can apply for Parent PLUS Loans for the same interest rate as graduate students at 6%. Interest rates are fixed and are not based on a student’s individual credit history or score. This is beneficial for students who may not have the strongest credit scores or histories and allows them to apply for a loan despite their credit history. Interest rates on private student loans may vary depending on the lender, but in general, most lenders will provide rates that are competitive with or even lower than what the government offers. Private loan interest rates also often feature discounts for setting up automatic payments. Overall, the current interest rate for student loans in North Carolina is relatively low. This means that student loan debt holders may pay less interest in the long run which will help them pay back their loan more quickly.

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What is the current interest rate for student loans?

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