Enrollment Period Extended for Student Loan Interest Rate Reduction
· Texas Border Business
The U.S. Department of Education has extended the enrollment period for a 1% interest rate reduction on student loans by three months, now ending on December 31, 2026. Borrowers who enroll in auto pay during this period will benefit from the reduced rate until June 30, 2028. Nearly 2 million borrowers have already signed up for auto pay since the announcement earlier this summer. This initiative aims to assist borrowers, particularly those returning to repayment, by ensuring timely payments and access to benefits under the new Repayment Assistance Plan. Auto pay enrollment is straightforward and helps borrowers avoid missing payments.
AI summary · Source: Texas Border Business →
