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The discount for student loan payers who enroll in autopay just went up
The Washington Post • • business
Key Points:
- The Trump administration announced an increase in the student loan autopay discount from 0.25 to 1 percentage point.
- Borrowers who enroll in automatic payment withdrawal will benefit from this larger interest rate reduction.
- The enhanced discount could save borrowers hundreds or even thousands of dollars over the lifetime of their loans.
- The Education Department made this announcement on Thursday as part of efforts to encourage timely loan payments.
