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Education Department extends deadline for student loan autopay discount

The US Department of Education has extended the deadline for student loan borrowers to keep or obtain a discount for enrolling in automatic payments. The autopay discount typically lowers interest rates slightly for borrowers who set up automatic monthly debits. Borrowers now have additional time to enroll or maintain the benefit, easing concerns among those transitioning back into repayment.

Why now: Borrowers returning to repayment are closely watching deadlines that affect their loan costs.

US Department of Educationstudent loan borrowers

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