How often do your Student or Parent loan variable rates change?

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Last Updated: April 30, 2022

College Ave’s variable rate is based on the 30-day Secured Overnight Financing Rate (SOFR) as published by the Federal Reserve Bank of New York on the 5th day of the month plus a margin.

The variable rate will change (increase or decrease) based on future changes to SOFR. The variable rate will not change more than once per month. 

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