Sentences with phrase «than a fixed rate student»

A variable rate loan usually offers a lower initial interest rate than a fixed rate student loan, but because the rate can fluctuate over time, it also presents a greater risk.

Not exact matches

Variable interest rate loans are usually offered at lower rates than fixed rate loans, but can be risky because the student loan rates could rise significantly in the future.

Variable rates currently offer lower interest rate options, resulting in additional interest savings, but keep in mind — variable rate student loans are often higher risk for borrowers than fixed interest rate student loans.

The important thing to remember is, all other things being equal, a lower student loan interest rate is better than a higher one — but you need to consider all of the terms of the loan including whether the rate is fixed or variable and what your loan repayment options are to ensure you get the best overall deal.

So even though you're assuming a certain level of risk that your rate could go up, you're also getting a rate that's lower than the one you'd get on a fixed rate student loan.

How much lower is a variable rate than a fixed rate for student loans?

Benefit Your starting MBA Loan interest rate may be less than a fixed interest rate, which could result in a lower total student loan cost.

If you are carrying student loans issued through FFEL (private funding) or Federal Direct loans, such as Stafford or Perkins, you are eligible to consolidate your loans under federal guidelines that will ensure a reasonable fixed rate (no higher than 8.25 %) and extended payment terms (10 to 20 years).

The Perkins loan (for students demonstrating «extreme financial need») can potentially get you more money than the direct subsidized loans in the first two years, but once you leave, you'll be paying a fixed 5 % rate.

Most private student loans have variable interest rates that are higher than the fixed rates offered by federal loans.

The good news is, if you're planning to accelerate your student loan payoff, variable interest rate loans are generally much lower than fixed rates.

After the student loan rate extension of 2012, Rep. Culberson mentioned that the Republicans «recommended using variable interest rates rather than fixed interest rates» way back in 2002.

While this doesn't stack up against some of the best fixed - rate cash back credit cards, it's better than the average offer available to students.

The Direct Unsubsidized Loan for graduate student borrowers carries a higher interest rate at 6.00 % than the 4.45 % fixed rate Direct Unsubsidized Loan available for undergraduate student borrowers, and both of these loans carry a 1.066 % origination fee.

Say you can pay off your student loan debt quickly — a variable rate student loan may be a cost - saving solution if the rate is lower than the available fixed rate, and does not increase above the available fixed rate during the repayment period.

However, because federal student loans issued as of July 2006 have fixed rates, «There is no financial benefit to consolidating federal loans, other than having a single monthly payment and access to alternative repayment plans,» Mark Kantrowitz, publisher of FinAid, told Forbes.

Pick a variable - rate private student loan, and you'll start out with a better interest rate than you'd get on a fixed - rate private loan with the same repayment term.

Consideration You may pay more for your total student loan cost because a fixed interest rate is usually higher than a starting variable interest rate.

Fixed rates are generally higher than what you'd get with federal student loans, though variable rates can sometimes offer a better deal — at least in the beginning.

Benefit Your starting Health Professions Graduate Loan interest rate may be less than a fixed interest rate, which could result in a lower total student loan cost.

Most home equity loans have single - digit interest rates that can be a few percentage points lower than student loans, and lenders typically offer fixed rates.

The average student loan interest rate for variable rate student loans tends to be lower than fixed rate loans, at least initially.

Say you can pay off your student loan debt quickly — a variable rate student loan may be a cost - saving solution if the rate is lower than available fixed rates and if the rate does not increase above the available fixed rate during the repayment period.

If one or both are variable rate loans (well, you say the student loan is fixed), than you have to guess what the rates might be in the future.

Typically, fixed rate student loans come with a higher interest rate than private student loans, but charge the same rate for the life of the loan.

«Consolidation of student loan debt is a good idea if and when you can find a loan that has a fixed and lower interest rate than the one you have now,» Tayne said.

TFCU offers fixed and variable rate student loans as well as flexible line of credit options to students attending one of more than 1,200 colleges and universities.

Fixed interest rate loans may be lower than federal student loan interest rates for the most qualified borrowers, but they are often higher for borrowers with less than perfect credit.

Benefit Your starting interest rate may be less than a fixed interest rate, resulting in a lower total student loan cost.

Benefit Your starting Dental School Loan interest rate may be less than a fixed interest rate, which could result in a lower total student loan cost.

Each year, Congress sets federal student loan interest rates, which are fixed for the life of the loan and, generally speaking, lower than what private lenders may offer.

If you are potentially thinking about refinancing and consolidating your student loans, it could be a better decision to refinance your loans with a fixed rate loan rather than a variable rate loan.

However, private student loans also provide variable interest rates, that can be several points lower than fixed rates.

While this doesn't stack up against some of the best fixed - rate cash back credit cards, it's better than the average offer available to students.