Dossier
automatic payments
Coverage of automatic payments in the Nexus archive.
- Here's who qualifies for the Trump adminstration's student loan rate cut
The Trump administration's temporary student loan rate cut applies to eligible federal Direct Loan borrowers who enroll in automatic payments. The discount is limited to those meeting specific criteria outlined in the policy.
- Education Department cuts student loan interest rate
The Education Department will reduce student loan interest rates by 1 percent for borrowers enrolled in automatic payments starting July 1, effective through June 30, 2028. Borrowers must enroll in auto pay by Sept. 30 to qualify.