Student Loan Borrowers Get Extended Discount Deadline to Dec. 31

Student loan borrowers can now enroll in a temporary repayment benefit until December 31. This extension gives borrowers an additional three months to take advantage of autopay, which offers a 1% discount on federal student loan interest rates. The Education Department announced this change, allowing borrowers more time to secure savings. This matters for ordinary borrowers as it improves cash flow by lowering the interest expenses on their loans.