U.S. Department of Education Extends Student Loan Auto Pay Discount Deadline to December 31, 2026

The U.S. Department of Education has extended the deadline for federal student loan borrowers to enroll in auto pay and receive a 1% interest rate reduction. Borrowers now have until December 31, 2026, to sign up for this temporary benefit, which will apply through June 30, 2028, aiming to reduce long-term interest accrual and improve repayment rates.