Fixed vs. Variable Interest Rates — and How They Impact Your Student Loan

When deciding whether or not to accept a loan offer, two important numbers you should look at are interest rate and APR.

However, there’s another factor whose impact on these numbers you’ll also want to take into account: Whether the interest rate is variable or fixed. You may have seen that our rates here at Climb are fixed. But what does this mean, and how might it affect your loan? In the article below, we have a run-down of the differences and significance of variable vs. fixed interest rates.

See the full article here: Fixed vs. Variable Interest Rates — and How They Impact Your Student Loan

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