Education Department extends student loan interest rate reduction deadline
The Hill · October 3, 2026Original source ↗
What happened
The Education Department has extended the deadline for student loan borrowers to obtain a reduction on their interest rates. This decision was made one day before the previous deadline was set to expire.
Why it matters
This extension provides additional financial relief options for student loan borrowers.
How this story affects people
How does this story affect you if you are a student loan borrower?
This extension allows you additional time to apply for a reduction in your interest rates, which can help lower your overall repayment costs. Taking advantage of this opportunity could lead to significant savings over the life of your loan.
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