Best Student Loan Rates for June 23, 2026: Earnest Leads At 2.29%

Student loan rates have battled at the most competitive levels we've seen in a year. As of June 23, 2026, private student loan lenders are offering fixed rates as low as 2.29% APR and variable rates starting as low as 3.03% APR, depending on credit profile, degree program, and repayment term.

Earnest Student Loans currently offers the lowest fixed rate loan available, but it does require a loyalty discount. Student Choice is currently offering the lowest variable rate student loan available.

While federal student loan rates are set annually by Congress, private lenders continue to adjust based on market conditions and Tr...