Which Student Loan Interest Rate Is Best: Fixed or Floating?

When you leave school, you have to sign a "loan consolidation agreement." That's when you set your repayment terms, such as whether to pick fixed or floating interest rates for your student loans.

This decision can save (or cost) you hundreds of dollars. You can try some numbers in advance with the Canlearn Loan Repayment Calculator (Fixed or Floating interest rate)

But the numbers in this calculator aren't the whole story. For info on the pros and cons of picking a fixed or floating interest rate, see this page in our In Payment FAQs: Setting your loan consolidation agreement…