The average student loan interest rate for variable rate student loans tends to be lower than fixed rate loans, at least initially. (studentloans.net)
Every lender is different, but based on excellent credit, the typical fixed rate student loan with no cosigner will charge an interest rate at 7 %. (lendkey.com)
A variable interest rate student loan has an interest rate that increases and decreases periodically with an industry rate set by global financial institutions. (studentloanhero.com)