Student Loans Just Got Easier

Student loan relief is coming—starting July 1, federal borrowers who enroll in automatic payments will see their interest rate slashed by 1%, a major boost from the current 0.25% discount. This move aims to simplify repayment and reduce financial stress, especially as borrowers explore different strategies. Existing auto-pay users are automatically eligible; those who haven’t signed up have until September 30, 2026, to enroll and lock in the discount, which lasts through June 30, 2028. Plus, two new repayment plans launch July 1: the Repayment Assistance Plan, which bases payments on income and dependents, and the Tiered Standard Plan, which adjusts timelines based on loan balance. The Department of Education is clearly focused on giving borrowers more flexibility and control over their debt. 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/cbb066e992e202b6