January 2, 2026: Lowest Student Loan Rates Hold at 3.61% Fixed for Refinancing

As of January 2, 2026, students and parents exploring student loan options can find some of the most competitive rates available through credit unions this week. For undergraduates seeking fixed-rate loans, the lowest APR is an attractive 4.15%, offered by Valley Credit Union, making it a standout choice for those prioritizing predictable payments. Graduate students have excellent options as well, with fixed rates dipping as low as 5.10% at Summit Federal Credit Union, providing manageable financing for advanced degrees. Parents looking to support their children’s education will be pleased to see that variable Parent PLUS loan rates remain competitive, with Pine State Credit Union offering a noteworthy 3.85% APR, the lowest in this category right now. Notably, the Parent PLUS loan APR at Evergreen Community Credit Union fell by 0.12% over the past week, an encouraging shift for families budgeting carefully. Whether you're a college freshman or a parent planning ahead, today’s student loan landscape offers solid opportunities to secure affordable funding tailored to your needs.