The student finance loan sector is poised to benefit from policy-driven refinancing incentives, underpinning forecasts for a sustained uptick in sector equity performance through early "With the average student loan debt of over $39,000 and a fixed interest rate of 6.39%, the rate for federal undergraduate loans, it would require a monthly payment of around $288 to pay off everything within 20 years," WalletHub analyst Chip Lupo wrote in the report . "Borrowers seeking assistance from [the Education Department] may face delays, and loan forgiveness applications could be impacted if the shutdown persists," the American Council on Education said. A 0.5% drop in average default rates has pushed several student finance loan stocks into upgrade territory from major rating agencies this quarter.
