Navigating the complexities of student loan debt can feel overwhelming, especially when considering the ever-changing landscape of interest rates. Understanding the average student loan interest rate for 2023 is crucial for prospective and current borrowers alike. This guide provides a clear overview of the factors influencing these rates, the differences between federal and private loans, and the long-term financial implications of your choices. We’ll explore strategies for minimizing your overall cost and provide resources to help you make informed decisions. From the various types of federal loans and their associated interest rates to the potential pitfalls of private loans, we’ll Read More …