Education Department Extends Deadline for Student Loan Interest Rate Reduction

The U.S. Department of Education has extended the enrollment deadline for federal student loan borrowers to qualify for a 1-percentage-point interest rate reduction. The new deadline is December 31, 2026, extending the benefit through June 30, 2028. This temporary reduction applies to eligible federal direct loans originated after July 1, 2012, offering financial relief to many borrowers.