July 31, 2026: Student Loan Rates Hold at 2.85% Fixed | Parent & Grad Options

As of July 31, 2026, college students and parents exploring student loan options have several standout opportunities to consider. The lowest fixed APR for undergraduate loans is currently offered by Evergreen Credit Union at just 4.25%, making it an attractive choice for those seeking predictable monthly payments. Graduate students can benefit from competitive variable rates as well, with Horizon Federal Credit Union offering a variable APR as low as 3.75%. For parents financing their children’s education, the most competitive Parent PLUS loan rate is available through Unity Community Credit Union at a fixed APR of 5.10%. Notably, some credit unions have seen modest shifts this month, Horizon Federal’s graduate fixed loan APR dropped by 0.10%, signaling a slight easing in borrowing costs. Whether you’re an undergraduate securing your first loan or a parent preparing to support tuition costs, today’s data highlights several compelling low-rate programs designed to ease financial stress while keeping repayment manageable.