January 9, 2026: Student Loan Rates Hold Steady at 3.61% Fixed for Refinancing

As of January 9, 2026, college students and parents searching for affordable student loan options have some standout choices to consider. Today’s best deal shines with Midwest Credit Union offering the lowest fixed APR of 4.25% for undergraduate loans, providing a stable and budget-friendly path for new borrowers. Graduate students will find competitive variable rates through Pioneer Federal Credit Union’s graduate loan program at just 4.75% APR, which could save money if you expect rates to remain steady or decline. Parents financing their child’s education shouldn’t miss the Parent PLUS loan from Valley Community Credit Union, now at a favorable 5.10% fixed APR, a slight decrease that makes borrowing more manageable this month. Notably, the Parent PLUS loan APR fell by 0.15% in the last seven days, marking one of the most significant recent improvements across all programs. Whether you’re an undergrad looking for predictability or a parent aiming to support your student with lower costs, today’s rates offer promising opportunities to ease educational expenses.