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Deadline to Cut Student Loan Interest Rate Extended

Original: Deadline to reduce your student loan interest rate extended: What to know

Federal student loan borrowers have been given extra time to apply for a reduction in their interest rate. The Hill reports that a deadline connected to lowering loan interest rates has been extended, giving borrowers more opportunity to take advantage of the program. The extension offers relief to those managing repayment, and details on eligibility and how to apply are now a focus for borrowers and advisers.

Why now: Student loan borrowers are actively seeking ways to lower repayment costs, so a deadline extension is timely news.

student loan borrowersThe HillUS Department of Education

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