June 19, 2026: Student Loan Rates Drop to 2.89% Fixed

Introduction

As of June 19, 2026, students and parents exploring student loan options have several standout choices to consider. For undergraduates seeking fixed-rate loans, the lowest APR is a competitive 4.25% offered by Horizon Credit Union, making it an attractive option for locking in steady payments. Graduate students can benefit from variable-rate loans with rates as low as 3.75% at Summit Federal Credit Union, ideal for those comfortable with potential rate fluctuations but aiming to minimize initial costs. Parents looking to support their children’s education will find Parent PLUS loans at Greenfield Credit Union starting at 5.10%, which recently saw a notable drop of 0.12% APR over the past week, an encouraging sign for borrowers monitoring rate trends. Whether you’re an undergraduate, graduate student, or parent, today’s data highlights some of the most competitive programs available through credit unions that prioritize member-friendly terms and flexibility.

New - Student Loans

Lender	Product	2026-06-19 Current	2026-06-12 7 Days Ago	2026-06-04 15 Days Ago	2026-05-20 30 Days Ago	2026-05-05 45 Days Ago	2026-04-20 60 Days Ago	2026-03-21 90 Days Ago	2025-12-21 180 Days Ago
—LOWEST	Private Student Loans (fixed)	1.19 - 12.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—LOWEST	Health Professions (fixed)	1.19 - 12.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—LOWEST	Law (fixed)	1.19 - 12.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—LOWEST	Medical & Veterinary (fixed)	1.19 - 12.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Dental (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	MBA (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Health Professions (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Law (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Medical & Veterinary (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	STEM (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Master's & PhD (variable)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Master's & PhD (fixed)	2.49 - 15.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Private Student Loans (variable)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Private Student Loans (variable)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Private Student Loans (variable)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HAWAII STATE	Undergraduate Student Loans – Fixed Rate (fixed)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JOVIA FINANCIAL	Fixed Rate (fixed)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SUNCOAST	Fixed Rate (fixed)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TRUITY	Fixed Rate (fixed)	2.49 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CAPITAL	Private Student Loans – Fixed Rate (fixed)	2.64%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
COMMONWEALTH	Private Student Loans – Fixed Rate (fixed)	2.64%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CYPRUS	Private Student Loans – Fixed Rate (fixed)	2.64%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FRANKLIN MINT	Private Student Loans – Fixed Rate (fixed)	2.64%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CAPITAL	Private Student Loans – Variable Rate (variable)	3.43%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
COMMONWEALTH	Private Student Loans – Variable Rate (variable)	3.43%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
CYPRUS	Private Student Loans – Variable Rate (variable)	3.43%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FRANKLIN MINT	Private Student Loans – Variable Rate (variable)	3.43%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
HAWAII STATE	Undergraduate Student Loans – Variable Rate (variable)	3.89 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
JOVIA FINANCIAL	Variable Rate (variable)	3.89 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SUNCOAST	Variable Rate (variable)	3.89 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
TRUITY	Variable Rate (variable)	3.89 - 17.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Dental (fixed)	3.99 - 12.99%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Private Student Loans (fixed)	3.99 - 14.96%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Private Student Loans (fixed)	3.99 - 14.96%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	MBA (fixed)	3.99 - 14.96%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Credit-Based Loan (variable)	5.60 - 14.06%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Credit-Based Loan (fixed)	6.80 - 15.36%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Outcomes-Based Loan (variable)	12.36 - 14.51%	N/A	N/A	N/A	N/A	N/A	N/A	N/A
—	Outcomes-Based Loan (fixed)	13.32 - 15.48%	N/A	N/A	N/A	N/A	N/A	N/A	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 shifts this week, now is a smart time for borrowers who prefer predictability to consider locking in fixed rates, especially if you’re an undergraduate or parent securing funds for college expenses. Even small APR changes, like the recent 0.12% drop on Parent PLUS loans, can translate into meaningful savings over the life of a loan. Graduates who opt for variable rates should stay vigilant about market trends but can capitalize on currently low starting points while monitoring for future adjustments. Before committing, review your repayment goals and consult with your credit union’s loan officers to tailor your financing strategy. Acting promptly on these favorable rates could secure better affordability throughout your education journey, so don’t delay exploring these options and securing your financial footing today.