From Valleynewslive · · 1m 10s
How to Qualify for Student Loan Autopay Discount
Federal student loan autopay discount increases to 1% for borrowers enrolling by Sept 30, 2026.
In brief
Federal student loan autopay discount increases to 1% for borrowers enrolling by Sept 30, 2026. Borrowers must enroll in autopay by September 30, 2026, to qualify for a 1% interest rate discount until July 2028. Originally reported by Valleynewslive.
New autopay discount
The Department of Education is quadrupling its autopay discount for federal student loan borrowers but enrollment must happen by sept 30 to qualify.
Discount details
The discount raises the interest rate discount from 0.25% to 1% of your student loan interest for the next two years.
Enrollment deadline
Borrowers must enroll in autopay by september 30, 2026, to enjoy the extra discount until july 2028.
Payment plan advice
Confirm your student loan payment for at least the next 12 months before signing up for autopay.
Income-driven repayment
If your student loan payment is hard to make, switch to an income-driven repayment plan or recertify your income.
Recertification
Borrowers can recertify income using current pay stubs if they lose a job or have reduced hours while enrolled in autopay.
The takeaway
Borrowers must enroll in autopay by September 30, 2026, to qualify for a 1% interest rate discount until July 2028.
