Current federal student loan interest rates depend on the type of loan. For loans disbursed between July 1, 2025, and June 30, 2026, rates are: Undergraduate (subsidized and unsubsidized): 6.39% Graduate (unsubsidized): 7.94% Plus (parent and graduate): 8.94%

Understanding whether federal or private student loans make more sense can save you thousands in the long run.

Interest is set to begin accruing for the 8 million borrowers enrolled in former President Joe Biden's SAVE repayment plan, which courts paused.