Rates on 10-year fixed-rate private student loans dropped last week. If you’re interested in picking up a private student loan, you can still get a relatively low rate.According to Credible.com, from October 6 to October 11, the average fixed interest rate on a 10-year private student loan was 7.29%. It was 8.44% on a five-year variable-rate loan. That’s for borrowers with a credit score of 720 or higher who prequalified on Credible.com’s student loan marketplace.

 

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