EducationDepartment News & Analysis

Student Loan Borrowers Now Get 3 More Months for Autopay Discount

Student loan borrowers have received an extension of three months to enroll in autopay to benefit from a 1% interest rate discount on federal student loans. The new deadline is September 30. This initiative is part of a temporary repayment benefit offered by the Education Department. The ability to save on interest rates can be significant for borrowers when it comes to their overall repayment costs.