business
Federal student loans have a new interest rate discount — here's who qualifies
Key takeaways
- Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
- The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify.
- Department of Education announced that eligible borrowers who enroll in autopay will benefit from a 1 percentage point reduction on their interest rate.
Livestream Menu Make Itselect USAINTLLivestream Search quotes, news & videos Livestream Watchlist SIGN INCreate free account Markets Business Investing Tech Politics Video Watchlist Investing Club PROLivestream Menu
The Trump administration is offering federal student loan borrowers a deeper-than-usual discount on their interest rates if they sign up for automatic payments soon — but not everyone will qualify.
In a June 18 press release, the U.S. Department of Education announced that eligible borrowers who enroll in autopay will benefit from a 1 percentage point reduction on their interest rate. The temporary relief will last through June 30, 2028.
Article preview — originally published by CNBC. Full story at the source.
Read full story on CNBC →
More top stories
Also covered by
Aggregated and edited by the Scoop newsroom. We surface news from CNBC alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop