Type: announcement

U.S. Department of Education Offers 1% Interest Rate Discount on Federal Student Loans for Autopay Enrollment

06/24/2026, 08:37 AM business announcement
The U.S. Department of Education is offering a temporary 1 percentage point interest rate reduction for federal student loan borrowers who enroll in automatic payments, which could significantly ease financial burdens for many. This discount is available until June 30, 2028, but eligibility is limited to specific loan types and disbursement dates.