student loan interest rates
Coverage of student loan interest rates 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 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.
- We need the money to pay benefits! Minister's extraordinary justification for meagre cut to student loan interest rates
A minister justified a minimal reduction in student loan interest rates by stating the funds are necessary to pay benefits. The justification was described as 'extraordinary' due to the meagre nature of the cut.