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The Mary Sue
The Mary Sue
Terrina Jairaj

The Education Department Is Slashing Student Loan Interest Rates, but You Need to Meet One Specific Deadline to See the Savings

Education Department Education Interest Rates

The Education Department just dropped a major money-saving opportunity for student loan borrowers, but you’ll need to act fast to lock it in. According to The Hill, starting July 1, interest rates on federal student loans will drop by a full 1%, but only if you’re enrolled in automatic payments by September 30.

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