Student loan borrowers will get an interest rate cut if they sign up for auto pay

Published June 18, 2026 · Category: News

Overview

Student loan borrowers who sign up for, or already use, auto pay will get a 1 percentage point discount on interest for two years, starting July 1.

The Trump administration wants to jumpstart student loan repayment, with federal student loan debt approaching $2 trillion.

Details

(Image credit: Daniel de la Hoz)

Source

Originally published at www.npr.org.

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