May 8, 2026: Lowest Student Loan Rates Hold at 3.38% Fixed | Parent & Grad Options

As of May 8, 2026, college students, parents, and graduates exploring student loan options have several attractive opportunities from credit unions offering competitive rates. For undergraduates seeking fixed-rate loans, Pioneer Credit Union stands out with the lowest APR at 4.29% for a 10-year term, providing stability and predictability in monthly payments. Graduate students can benefit from Liberty Federal Credit Union’s variable-rate loan at 3.75% APR, which is currently one of the most affordable options available, especially for those comfortable with slight rate fluctuations. Parents looking to support their children’s education will find Heritage Community Credit Union’s Parent PLUS loan at a fixed 5.10% APR compelling, particularly as it has decreased by 0.12% over the past week, offering real savings on borrowing costs. Whether you’re locking in a fixed rate or considering variable options, today’s rates reflect a generally favorable market for financing education through credit unions known for personalized service and member benefits.