How Much Does Your Student Loan Interest Rate Matter?

How much ​your student loan interest rate really matter when it comes to repaying a student loan? What is the impact of interest rates on loan payments?

The truth is: not that much.

One of the most popular "alternatives" to blanket student loan forgiveness has been the argument that the federal student loan interest rate should be set to 0%.

But given the wide array of student loan forgiveness programs and other assistance - does your student loan interest rate really matter?

Let's look at how the interest rate impacts your student loans.