Student Loan Rates Drop for Auto-Pay Borrowers

Student loan relief is here—but it’s not for everyone. The Department of Education just slashed interest rates by 1% for eligible borrowers, aiming to curb defaults and make repayment more manageable. If you have a Direct Loan taken out after July 1, 2012, and are on auto pay, you’ll get an extra 0.75% off your current 0.25% discount. If you’re not on auto pay, you’ll get the full 1% reduction. But hurry—this temporary deal ends June 30, 2028. With nearly $1.7 trillion in federal student debt, this move is part of a broader effort to keep borrowers on track, especially as repayment plans hinge on consistent payments. Check your eligibility fast—this could save you real money. 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/642598d14ff3fb73