Student Loan Interest Cut Explained

Federal student loan interest rates just dropped by one percent for eligible borrowers — but only if you’re on a Direct Loan taken out after July 1, 2012, and enrolled in auto pay. The Department of Education is pushing this incentive to boost auto payment adoption, currently at just 40%, aiming to help millions avoid default as total student debt hits nearly $1.7 trillion. If you’re on a federal loan, check if you qualify — this temporary cut ends June 30, 2028. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/f69cb7b043035771