Fixed prices would be best for most borrowers, however a variable rate could be described as a money-saver in the event that timing is appropriate.
Fixed education loan rates of interest are usually a far better choice than adjustable prices. That is because fixed prices constantly remain exactly the same, while adjustable prices can change monthly or quarterly in reaction to fiscal conditions.
All education loan interest levels are currently near historic lows.
If you’re unsure which rate to decide on, choose fixed; it is the safer option. Continue reading