What is the current interest rate for student loans?

The current interest rate for student loans in Pennsylvania depends upon the type of loan. Federal student loan rates for the 2019-2020 academic year vary from 4.53% to 7.08% for undergraduate loans and from 6.08% to 7.08% for graduate school loans. Private loan rates are typically higher than the federal rate and are based on an individual’s credit score. The Pennsylvania Higher Education Assistance Agency (PHEAA) offers an in-state college loan program called the Keystone Education Loan Program, which is a fixed-rate loan with a current interest rate of 6.25%. This loan also offers a lower interest rate for those who make on-time payments or complete a repayment plan. It is always important to research your loan options before borrowing to ensure that you get the best deal. Additionally, it is important to note that the rate of interest does not include any fees associated with the loan. Borrowers should look into the total cost of the loan, which includes the interest rate plus any fees, to get the most accurate estimate of their borrowing costs.

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What is the current interest rate for student loans?

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