Student Loan Interest Rates Explained

Student loan interest rates, explained in a simple to easy understand way. Interest on loans is a big part of what's keeping you from reaching financial freedom. And the interest on student loans is where a huge portion of people's monthly income goes. In this video, I break down and explain student loan interest by first defining what interest is, the two primary types of interest rates, fixed and variable, talking about how student loan interest rates work for both federal student loans and private student loans, and finally helping you understand how student loan interest is calculated.
How much interest are you paying every month on student loans? Let me know in the comments.
******************************
The Habit That Changed My Life: • The One Habit That Cha...
My Debt Free Story: • How I Paid Off My Stud...
******************************
Subscribe to the Practical Personal Finance Podcast today: practicalpf.buzzsprout.com/
Listen to the official Practical Personal Finance playlist on Spotify: open.spotify.com/playlist/3BI...
Want to have a chat about money? Send me a message on Instagram: practical_pf
FOR EDUCATIONAL AND INFORMATIONAL PURPOSES ONLY. NOT LEGAL OR FINANCIAL ADVICE. The information provided in this video and on this channel is for educational and informational purposes only. It is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor. Practical Personal Finance accepts no liability whatsoever for any losses or damages arising from your own personal financial decisions. You are advised to consult with your financial advisor, tax professional, or attorney regarding any and all financial decisions involving your own income and taxes.