Question 1

What's the average student loan interest rate?

Accepted Answer

Federal student loan rates for 2025: Undergraduate Direct Loans ~5.5%, Graduate Direct Loans ~7.0%, Parent PLUS Loans ~8.0%. Private student loan rates range from 4% to 14% depending on credit score and lender.

Question 2

Should I pay off student loans early?

Accepted Answer

Paying extra on student loans saves significant interest. However, consider: If you have high-interest debt (credit cards), pay that first. If your rate is low (<4%), investing extra money may yield better returns. Take advantage of employer student loan repayment benefits if available. Our calculator shows exactly how much you save with extra payments.

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