Dossier
Saving on a Valuable Education (SAVE) plan
Coverage of Saving on a Valuable Education (SAVE) plan in the Nexus archive.
- 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 using auto pay from July 2026 to June 2028. Borrowers already enrolled in auto pay will automatically receive an additional 0.75 percentage point reduction, totaling a 1% cut. The initiative aims to help borrowers pay down balances faster and aligns with broader changes to the federal student loan system.