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Student loan borrowers currently making payments have a little more time to temporarily cut their interest rates. The federal government extended the deadline for them to shave a full percentage point off their interest rate by making their payments automatically.
Student loan borrowers now have until the end of 2026 to enrol in auto-pay and receive a 1% interest rate reduction, after the U.S. Department of Education extended the original September 30 deadline. The rate of reduction will last...
Federal borrowers have until December 31 to activate automatic payments and receive a temporary reduction of one percentage point in the interest rate.