A U.S. Department of Education sign is displayed outside of the agency's federal student aid office on June 3 in Washington, DC. Borrowers will be eligible to have their interest lowered by 1% on ...

Eligible borrowers can receive a 1-percentage-point reduction in their interest rate through June 30, 2028, by enrolling in automatic payments.

The Education Department extended the deadline for student loan borrowers to enroll in auto-pay and receive a 1% interest-rate reduction through June 2028.

The U.S. Department of Education extended the enrollment period for the 1% interest rate reduction benefit by an additional three months.

The department, citing high defaults, is reducing interest rates by up to one percentage point for two years if borrowers pay automatically. By Ron Lieber Tara Siegel Bernard and Michael C. Bender The ...

WASHINGTON — Federal student loan borrowers who enroll in automatic payments are now eligible for a 1% interest rate ...

Nearly 2 Million Federal Student Loan Borrowers Have Enrolled in Auto Pay Today, the U.S. Department of Education (the Department) extended the enrollment period for the 1 percent interest rate ...