Student loan borrowers who enroll in auto pay will receive a 1 percentage point discount on their interest rates for two years, starting July 1. This initiative is part of efforts by the Trump administration to encourage student loan repayment as federal student loan debt approaches $2 trillion.
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Student loan borrowers can receive interest rate discount for enrolling in auto pay
Beginning July 1, student loan borrowers who sign up for auto pay will receive a 1 percentage point discount on their interest rates for two years. This measure is aimed at facilitating student loan repayment amid rising federal student loan debt, which is nearing $2 trillion.
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Student loan borrowers will get an interest rate cut if they sign up for auto pay
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Student loan borrowers can receive interest rate discount for enrolling in auto pay