As the Federal Reserve continues to cut interests rates, students looking to take out their first student loan or those wishing to refinance could be in for a treat as the interest rates on these loans plummet downward beyond any recent near-term lows.

Forbes mentioned recently that student loans have gotten absurdly cheap this year and it might be the right time for you to take a look at taking advantage of the interests rates that are out there.

Now may be the time for you to consider taking that student loan or refinancing the ones you already have to snag that low interest rate that we are experiencing right now.

In this guide, we will take a tour of all your options that you have when taking out a new student loan or if you already have a student loan in place, how can you refinance your loan and take advantage of these record low student loan interest rates.

So let’s get started! We have separated this post between those who are looking for that new student loan and then later in the post, we talk through options to refinance your loan.

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