The name just about says it all: The loan starts with a lower initial interest rate, which then varies based on market conditions—but there is a cap to prevent it from increasing too much. This may be a good choice if you:
- Want to keep your payments lower during the first few years of your loan.
- Expect your income to increase significantly in the coming years.
Ready to save? Click here for current Student Loan rates. To learn more about Student Choice Refinance Loans, visit our Student Lending Center or call us at 877-281-8323.