Federal Student Loan Borrowers Face September 30 Deadline for Temporary Interest Rate Reduction

Federal student loan borrowers have until September 30, 2026, to enroll in automatic payments and qualify for a temporary 1-percentage-point interest rate reduction. This benefit, which became available on July 1, 2026, applies through June 30, 2028, and is part of the Trump administration's student loan overhaul aimed at encouraging on-time repayment.