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The Nexus
BUSINESSJun 18 · 23:54 UTCMICHIGAN ADVANCEShauneen Miranda

US Education Department offers two-year trim on student loan interest rates

The U.S. Education Department will temporarily reduce federal student loan interest rates by one percentage point for borrowers enrolled in auto pay from July 1, 2026, through June 30, 2028. Borrowers already using auto pay will receive an additional 0.75 percentage point reduction, with the change aimed at helping borrowers pay down balances and strengthen the loan portfolio.

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Mentioned
U.S. Department of EducationorganizationNicholas Kentpersonauto paytopicfederal student loan borrowerstopicDonald TrumppersonSAVE plantopic$1.7 trillion federal student loan portfoliotopic
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