Navigating the complex world of student loans requires a firm understanding of interest rates. These rates significantly impact the total cost of your education and your long-term financial well-being. This guide delves into the intricacies of average student loan interest rates, exploring various loan types, repayment strategies, and the factors influencing these crucial numbers. We’ll break down the calculations, compare federal and private loans, and equip you with the knowledge to make informed decisions about your financial future. Understanding how interest rates affect your repayment plan is paramount. Whether you’re choosing between fixed or variable rates, or grappling with the Read More …