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Parent Handbook: How Student Loan Interest Works

If you or your student use loans to help pay for college, you will need to pay some form of interest on the loans.

It’s vital to understand not just what your interest rate on a student loan is, but all of your repayment terms, so you can stay on track to repaying the loan. And perhaps find ways to pay extra to help cut back on the total interest you end up paying.

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See more tips to help families of students in grades 6–12 prepare for success in college and other postsecondary options in the Parent Handbook.

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