January 16, 2026: Lowest Fixed Rate Student Loans at 3.35% | Parent & Grad Options

With interest rates showing subtle shifts this January, now is an ideal time for prospective borrowers, especially parents, to consider locking in competitive fixed rates before potential increases later in the year. Even small APR changes, like the recent 0.12% dip in Parent PLUS loans, can lead to meaningful savings over time, particularly on larger loan amounts. Students weighing fixed versus variable rates should reflect on their repayment horizon; fixed rates offer predictability while variable options might save money if paid off quickly. For families navigating these choices, it’s wise to compare current offers across credit unions carefully and act promptly if your preferred rate meets your budget goals. Staying informed and proactive ensures you maximize your borrowing power while minimizing long-term costs, key steps toward financing education with confidence in 2026 and beyond.