politics
informative
update
Education Department cuts student loan interest rates by 1%
Jun 19, 2026, 12:23 AM20
(Update: Jun 20, 2026, 2:00 AM)
politics
informative
update
Education Department cuts student loan interest rates by 1%
- The Education Department announced a temporary 1% reduction in federal student loan interest rates starting July 1, 2026.
- Only borrowers enrolled in automatic payments and those who consolidate their loans if in default will benefit from this reduction.
- This initiative aims to help borrowers manage their repayments and reduce the rising rates of delinquency and defaults.
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2026 All rights reserved
2026 All rights reserved