What is a variable rate student loan?
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Asked By: Grover Swift
Date created: Tue, Dec 22, 2020 4:34 PM
Date updated: Thu, Nov 24, 2022 3:19 AM
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Video answer: Variable vs. fixed interest rates
Top best answers to the question «What is a variable rate student loan»
- With a variable rate loan, the rate of interest varies considerably depending on the market conditions, which means the rate of interest could rise or fall at any time during the life of the loan. Private student loans may have fixed or variable interest rates.
Video answer: Variable vs fixed rates: whats the difference?
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Variable-Rate (or Floating-Rate) Student Loans. As mentioned above, all federal student loans have fixed interest rates. So as of this writing, borrowers will only have the option to choose a variable rate student loan when borrowing from a private lender. While variable rate student loans typically have a lower starting interest rate, they are also riskier than fixed-interest loans.
What is a variable rate on a student loan? A variable rate on a student loan is an ...
Video answer: Variable vs fixed interest rate
