Student Loan Borrowers Can Get 1% Interest Rate Cut But Must Act By Wednesday: Here’s How — Live Feedhttps://www.live-feeds.com/feed/student-loan-borrowers-can-get-1-interest-rate-cut-but-must-act-by-wednesday-here-s-howContinuously updated, source-cited coverage. Federal Student Loan Borrowers Have Until Wednesday for Interest Rate Cuthttps://www.live-feeds.com/feed/student-loan-borrowers-can-get-1-interest-rate-cut-but-must-act-by-wednesday-here-s-howhttps://www.live-feeds.com/feed/student-loan-borrowers-can-get-1-interest-rate-cut-but-must-act-by-wednesday-here-s-how#u101345Mon, 05 Oct 2026 04:26:31 +0000Eligible federal student loan borrowers can secure a 1% interest rate reduction by enrolling in autopay by Wednesday. The Department of Education extended this deadline to provide more time for borrowers to lock in the discount. This temporary rate reduction applies to eligible federal Direct Loans through June 2028. Borrowers who are already enrolled in autopay are not required to sign up again to receive the benefit.Why it mattersThe discount comes amid broader changes to student loan aid under the Trump administration. Borrowers are currently facing deadlines for switching repayment plans.