POLITICSJun 18 · 18:33 UTCBUSINESS INSIDERAyelet Sheffey ([email protected])

Student-loan borrowers can act now to become eligible for a new repayment benefit

The Education Department under President Donald Trump announced a 1% interest-rate reduction for federal student-loan borrowers who enroll in autopay by September 30. Borrowers already in autopay receive an additional 0.75 percentage point reduction, with benefits lasting until June 30, 2028. The policy aims to encourage timely repayments and improve the federal loan portfolio's health.

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Education DepartmentorganizationDonald TrumppersonNicholas Kentpersonautopaytopicinterest-rate reductiontopicRepayment Assistance Plantopicfederal student loanstopic

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