Competitive annual percentage rate (APR)
Variable rates range from 2.68% APR (with discount) to 9.46% APR (without discount).
Fixed rates range from 4.53% APR (with discount) to 10.72% APR (without discount).
See examples of today’s rates
About Private Student Loan Interest Rates
Should I choose a variable or fixed interest rate?
Variable interest rates can change over time, so if your interest rate goes up, your monthly payment can go up as well. Fixed interest rates are usually higher than variable rates, but the fixed rate stays the same over the life of the loan. Learn more about private student loan interest rates.
How do I know what my interest rate will be?
Your interest rate will be determined by several factors when you apply, most importantly your credit history and that of your cosigner, if applicable.
Your interest rate options will be presented during the application process, at which point you can choose between a specific variable interest rate and specific fixed interest rate.
Rate Discounts
Two great ways to lower your interest rate
- Customer Discount: Receive a 0.50% interest rate discount with a Portfolio by Wells Fargo® relationship, a 0.25% interest rate discount with a qualified Wells Fargo consumer checking account, or a 0.25% interest rate discount for a prior or existing Wells Fargo student loan.
- Automatic Payment Discount: Receive a 0.25% interest rate discount for enrolling in automatic payments during repayment.
Learn more about student loan discounts .