What is the current interest rate for student loans?

The current interest rate for student loans in Kansas depends on the type of loan and other factors. Federal Stafford loans, for example, have an interest rate of 4.529%, calculated as the Federal Direct Loan Program’s 2021–2022 fixed interest rate for subsidized and unsubsidized loans. Federal Parent PLUS loans, on the other hand, have a fixed interest rate of 5.30%. In addition, private lenders may offer student loans with variable or fixed interest rates. Variable rates can be as low as 2.14% for certain lenders, but they can also be as high as 14.50%. Fixed interest rates can range from 4.50% to 12%. Private lenders also sometimes assess origination fees, so it is important to research the terms of the loan before signing an agreement. Finally, Kansas offers a state-sponsored loan program called the Kansas Academic Excellence Scholarship (KAES) that has an interest rate of 0.50%. This loan is only available to Kansas residents and does not require repayment until after the student graduates or leaves school. In conclusion, the current interest rate for student loans in Kansas can vary greatly depending on the type of loan, the terms of the loan, and the lender. To get the best rate, it is important to research loan options carefully before signing any agreements.

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What is the current interest rate for student loans?

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