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The discount for student loan payers who enroll in autopay just went up

The U.S. Department of Education is offering a 1% interest rate reduction for federal student loan borrowers who enroll in autopay. This temporary benefit is available through June 2028. Eligible borrowers must sign up by September 30, 2026.

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What changed

The specific amount of the interest rate reduction is now confirmed as 1%.

Live updates

  1. Federal Student Loan Autopay Interest Rate Discount Set at 1%

    The U.S. Department of Education is offering a 1% interest rate reduction for federal student loan borrowers who enroll in autopay. This temporary benefit is available through June 2028. Eligible borrowers must sign up by September 30, 2026.

    What's confirmed:

    • The interest rate reduction for federal student loan borrowers using autopay is 1%.
    • Borrowers must enroll in autopay by September 30, 2026, to receive the discount.
    • The interest rate reduction lasts until June 2028.

    Still unconfirmed:

    • Indian students on F-1 visas are ineligible for this federal loan benefit.
    • Green card holders of Indian origin are eligible for the discount.
    confidence 90%

  2. Federal Student Loan Autopay Discount Increases to 1%

    The U.S. Department of Education is raising the interest rate reduction for federal student loan borrowers using autopay. This temporary benefit begins July 1, 2026, and lasts until June 30, 2028. Eligible borrowers must enroll by September 30, 2026, to secure the savings.

    What's confirmed:

    • The autopay interest rate reduction for federal student loans increases to 1% on July 1, 2026.
    • The discount is temporary and ends June 30, 2028.
    • The interest rate reduction rose from 0.25% to 1%.
    • Borrowers have until September 30, 2026, to enroll for the savings.
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  3. Federal Student Loan Autopay Interest Discount Increases to 1%

    The U.S. Department of Education will grant a 1 percent interest rate reduction to federal student loan borrowers using autopay. This change takes effect July 1. The benefit is temporary and ends June 30, 2028.

    What's confirmed:

    • Federal student loan borrowers enrolled in autopay are eligible for a 1 percent interest rate reduction starting July 1.
    • The autopay discount expires on June 30, 2028.

    Still unconfirmed:

    • The interest discount is increasing from 0.25% to 1% on July 1, 2026.
    confidence 100%

  4. Trump Administration Increases Student Loan Autopay Interest Discount

    Federal student loan borrowers who enroll in autopay will receive a temporary interest rate reduction starting July 1. The discount increases to 1 percentage point for eligible participants. This benefit expires on June 30, 2028.

    What's confirmed:

    • The Education Department is increasing the autopay interest rate discount from 0.25 percent to 1 percent.
    • The new interest rate discount begins on July 1.
    • The benefit will expire on June 30, 2028.
    • Borrowers must be signed up for autopay by September 30 of this year to qualify.

    Still unconfirmed:

    • Federal student loan debt is approaching $2 trillion.
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