Education Department Extends Enrollment for Student Loan Interest Rate Reduction

The U.S. Department of Education has extended the deadline for federal student loan borrowers to enroll in auto-pay for a 1% interest rate reduction. Borrowers now have until December 31, 2026, to sign up and receive the temporary benefit through June 30, 2028, aiming to support those returning to repayment and accessing the new Repayment Assistance Plan.