auto pay
Coverage of auto pay in the Nexus archive.
- US Education Dept. offers 2-year trim on student loan interest rates
The U.S. Department of Education will temporarily reduce student loan interest rates by one percentage point for borrowers enrolled in auto pay from July 2026 to June 2028. Current auto pay users will receive an additional 0.75 percentage point reduction, totaling a 1% cut, to help accelerate debt repayment and improve the federal loan portfolio's health.
- US Education Department offers two-year trim on student loan interest rates
The U.S. Education Department will temporarily reduce student loan interest rates by one percentage point for borrowers using auto pay from July 2026 to June 2028. Existing auto pay users will receive an additional 0.75 percentage point reduction, and the policy aims to help borrowers pay down balances and strengthen the federal loan portfolio. The benefit is estimated to cost the agency $6 billion and applies to loans originated after July 1, 2012.
- 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 automatically receive an additional 0.75 percentage point reduction, building on an existing 0.25 percentage point discount. The initiative aims to help borrowers pay down balances and improve the federal loan portfolio's health.
- 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.
- 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.
- US Education Department offers two-year trim on student loan interest rates
The U.S. Education Department will temporarily reduce interest rates for federal student loan borrowers enrolled in auto pay by 1% from July 1, 2026, through June 30, 2028. Borrowers already using auto pay will receive an additional 0.75% reduction, with the benefit costing the agency $6 billion. The announcement precedes broader changes to the federal student loan system, including new repayment plans and loan limits.
- US Education Department offers two-year trim on student loan interest rates
The U.S. Education Department will temporarily reduce student loan interest rates by 1 percentage point for borrowers using auto pay from July 2026 to June 2028. Existing auto pay users will receive an additional 0.75 percentage point reduction, with the benefit estimated to cost $6 billion. The announcement precedes broader changes to federal student loan policies starting July 1, including new repayment plans and loan limits.