Buy Side | How to Get the Best Student Loan Rates

Contributing sentiments towards policy:

65% : Lenders assign the best rates on student loans to borrowers with the strongest credit scores.
62% : As a student, you have two main options for student loans for college: federal loans and private loans.
58% : But if you're pursuing a private student loan, you'll find that rates vary by lender."To get the best possible rate on a student loan or student loan refinance, borrowers really need to pound the pavement," says Michael Lux, attorney and founder of the Student Loan Sherpa.
58% : Some lenders offer even better rates for refinancing student loans than they do for borrowing in-school loans.
57% : MPower Financing, which specializes in student loans for international students, drops your rate by 0.50 percentage points after six months of on-time, autopay payments.
53% : Using a student loan repayment calculator can also help you compare your loan costs.
49% :"Generally, fixed rates are preferable to variable rates, as they provide more certainty and less volatility in terms of monthly payments over time," says Adam Minsky, another lawyer who specializes in student debt.

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