Through Credible, you can compare private student loan rates from multiple lenders. For 10-year fixed private student loans, interest rates grew by 0.62 percentage points, while 5-year variable student loan interest decreased by 0.06 percentage points.

The average interest rate on 10-year fixed-rate private student loans rose last week. For borrowers pursuing private loans to fill in gaps to pay for higher education expenses, rates remain relatively low for borrowers with solid credit.

Historically, stock investors have been big winners when the Fed slashes rates. Robert Johnson, finance professor at the Heider College of Business at Creighton University in Omaha, Nebraska, found that, from 1966 through 2023, the S&P 500 index returned 16.4% when the Fed lowered interest rates but only 6.2% when the Fed hiked rates.