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Student Loan Interest Rates for October 2026

Summary by Money
Starting rates on private student loans for undergraduates ticked up very slightly in the past month, as lenders eased up on their competition to attract customers at the start of the fall semester. Only borrowers with the strongest credit will qualify for rates low enough to beat federal financing. Everyone else will pay higher rates, sometimes even double-digit APRs. Latest student loan interest rates Fixed rates Variable rates Private in-s…
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Money broke the news on Friday, October 2, 2026.
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