U.S. Department of Education Extends Student Loan Auto-Pay Interest Rate Reduction Enrollment

The U.S. Department of Education has extended the deadline for student loan borrowers to enroll in an auto-pay program that reduces their interest rate by 1%. The new deadline is the end of 2026, with the rate reduction lasting through June 2028. This temporary benefit aims to support borrowers, especially those returning to repayment, and ensure they can manage new repayment assistance plans.