Student loan borrowers can qualify for lower rates if they use autopay

Source ABC Local
Original Load Date June 19, 2026, 3 p.m.
Last Updated June 19, 2026, 3 p.m.
Original URL https://abc7chicago.com/story/student-loan-borrowers-can-qualify-lower-rates-use-autopay/19331962/

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Student loan rates are about to go down by 1% for millions of borrowers enrolled in automatic payments. The Department of Education announced Thursday it will temporarily drop interest rates on federal student loans starting July 1, 2026, through June 30, 2028. The lower rate applies to borrowers ...