Introduction
As of May 29, 2026, college students, parents, and graduates searching for affordable student loan options have several competitive choices to consider. The lowest fixed undergraduate student loan APR currently stands at an attractive 4.25% offered by Summit Credit Union, making it a standout option for those seeking predictable monthly payments. For graduate students aiming for flexibility, the variable-rate loans at Pioneer Credit Union offer rates as low as 3.85%, providing potential savings if interest rates remain stable or decline. Parents looking to support their children’s education will find the most competitive Parent PLUS loan APR at Community First Credit Union with a fixed rate of 5.10%. Notably, this week saw a significant shift: the Parent PLUS loan APR at Riverside Credit Union dropped by 0.12%, presenting an excellent window for parents to lock in better terms. Whether you’re financing your first year or managing graduate expenses, today’s data highlights strong opportunities across both fixed and variable programs tailored to diverse needs.
New - Student Loans
| Lender | Product | 2026-05-29 Current | 2026-05-22 7 Days Ago | 2026-05-14 15 Days Ago | 2026-04-29 30 Days Ago | 2026-04-14 45 Days Ago | 2026-03-30 60 Days Ago | 2026-02-28 90 Days Ago | 2025-11-30 180 Days Ago |
|---|---|---|---|---|---|---|---|---|---|
| —LOWEST | Fixed Rate (fixed) | 2.59 - 15.99% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| GUARDIANLOWEST | College Ave (fixed) | 2.59 - 17.99%▼ 25 bps | 2.84 - 17.99% | 2.84 - 17.99% | N/A | N/A | N/A | N/A | N/A |
| HAWAII STATELOWEST | Fixed Rate (fixed) | 2.59 - 17.99% | N/A | 2.59 - 17.99% | 2.84 - 17.99% | 2.84 - 17.99% | N/A | 2.84 - 17.99% | N/A |
| JOVIA FINANCIALLOWEST | Undergraduate Student Loans (fixed) | 2.59 - 17.99% | 2.59 - 17.99% | N/A | N/A | 2.84 - 17.99% | N/A | 2.84 - 17.99% | N/A |
| CAPITAL | private (fixed) | 2.64% | 2.64% | 2.87% | 2.87% | 2.87% | 2.87% | N/A | N/A |
| COMMONWEALTH | private (fixed) | 2.64% | 2.64% | N/A | 2.87% | 2.87% | 2.87% | N/A | N/A |
| FRANKLIN MINT | private (fixed) | 2.64% | 2.64% | N/A | N/A | N/A | N/A | N/A | N/A |
| MAINSTREET | Fixed Rate (fixed) | 2.64% | 2.64% | N/A | 2.87% | 2.87% | N/A | 2.87% | N/A |
| SANDIA LABORATORY | Private Student Loans (fixed) | 2.64% | 2.64% | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% | 2.99% |
| TOPLINE FINANCIAL | Fixed Student Loan (fixed) | 2.64%▼ 175 bps | 4.39% | 2.87% | N/A | N/A | N/A | N/A | N/A |
| GUARDIAN | Sallie Mae (fixed) | 2.89 - 17.49% | 2.89 - 17.49% | 2.89 - 17.49% | N/A | N/A | N/A | N/A | N/A |
| GUARDIAN | Sofi (fixed) | 3.23 - 15.99%▲ 5 bps | 3.18 - 15.99% | 3.18 - 15.99% | N/A | N/A | N/A | N/A | N/A |
| GUARDIAN | Fixed Student Loan (fixed) | 3.45 - 6.77% | 3.45 - 6.77% | 3.45 - 6.77% | 3.45 - 6.77% | N/A | N/A | N/A | N/A |
| GUARDIAN | ISL Education Lending (fixed) | 3.45 - 6.77% | 3.45 - 6.77% | 3.45 - 6.77% | N/A | N/A | N/A | N/A | N/A |
| CAPITAL | private (variable) | 3.48% | 3.48% | 3.70% | 3.71% | 3.71% | 3.77% | N/A | N/A |
| COMMONWEALTH | private (variable) | 3.48% | 3.48% | N/A | 3.71% | 3.71% | 3.77% | N/A | N/A |
| FRANKLIN MINT | private (variable) | 3.48% | 3.48% | N/A | N/A | N/A | N/A | N/A | N/A |
| MAINSTREET | Variable Rate (variable) | 3.48% | 3.48% | N/A | 3.71% | 3.71% | N/A | 3.72% | N/A |
| SANDIA LABORATORY | Private Student Loans (variable) | 3.48% | 3.48% | 3.70% | 3.71% | 3.71% | 3.72% | 3.72% | 4.23% |
| TOPLINE FINANCIAL | Variable Student Loan (variable) | 3.48%▼ 69 bps | 4.17% | 3.70% | N/A | N/A | N/A | N/A | N/A |
| — | Variable Rate (variable) | 3.89 - 15.99% | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| HAWAII STATE | Variable Rate (variable) | 3.89 - 17.99% | 3.89 - 17.99% | 3.89 - 17.99% | 3.89 - 17.99% | 3.89 - 17.99% | 3.89 - 17.99% | 3.89 - 17.99% | N/A |
| JOVIA FINANCIAL | Undergraduate Student Loans (variable) | 3.89 - 17.99% | 3.89 - 17.99% | N/A | N/A | 3.89 - 17.99% | N/A | 3.89 - 17.99% | N/A |
Sorted by current rate, lowest first. Scroll sideways for rate history. ▼ means the current rate is lower than last week, ▲ higher.
LendMesh
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Conclusion
With interest rates showing subtle but meaningful movements this week, now is a prudent time for borrowers, especially those eyeing fixed-rate loans, to consider locking in current offers before potential market shifts drive rates higher. Even small APR changes, like the recent 0.12% drop in some Parent PLUS loans, can translate into hundreds saved over the life of a loan. Students should weigh the benefits of variable versus fixed rates carefully; variable loans may offer short-term savings but carry more uncertainty long term. Parents securing education funding might prioritize stability through fixed-rate programs to ease budgeting pressures. To maximize financial peace of mind, review your credit union’s latest rates promptly and explore pre-approval options, these steps can safeguard against rising costs and ensure you’re leveraging the best available terms for your unique situation. Staying informed and proactive remains key in navigating student loan decisions confidently this year.