What is the interest rate on Navient loans?

The interest rate on Navient loans varies depending on the specific loan program and the borrower's creditworthiness. For federal student loans, the interest rates are fixed and set by Congress. As of 2021, the interest rate for undergraduate Direct Subsidized and Unsubsidized Loans is 2.75%, while graduate and professional Direct Unsubsidized Loans have an interest rate of 4.3%. However, private student loan interest rates offered by Navient can differ significantly based on a borrower's credit profile, financial history, and market conditions. These rates are influenced by factors such as the borrower's credit score, repayment term, and whether the loan has a variable or fixed interest rate. To get a specific interest rate for a private loan from Navient, individuals are advised to apply for a loan and go through the underwriting process, which will determine their unique interest rate offer.