Dossier
tax and spending cut bill
Coverage of tax and spending cut bill in the Nexus archive.
- 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.