What is the interest rate on my student loan?

The interest rate on your student loan varies depending on the type of loan you have and when it was disbursed. For federal student loans, interest rates are determined by the government and can change annually. Generally, federal loan interest rates are fixed and lower compared to private loans. The specific rate also depends on the specific loan program, such as Direct Subsidized Loans, Direct Unsubsidized Loans, or PLUS Loans. Private student loans, on the other hand, are offered by private lenders and have interest rates based on your credit history and other factors. To know the exact interest rate on your student loan, you can log in to your account with American Education Services or review the loan documents and correspondence you received during the loan application process.