{"id":2042,"date":"2026-06-19T21:33:20","date_gmt":"2026-06-19T21:33:20","guid":{"rendered":"https:\/\/arizonamovinginsider.com\/?p=2042"},"modified":"2026-06-19T21:33:20","modified_gmt":"2026-06-19T21:33:20","slug":"student-loan-borrowers-can-get-a-1-interest-rate-cut-with-one-simple-change","status":"publish","type":"post","link":"https:\/\/arizonamovinginsider.com\/?p=2042","title":{"rendered":"Student loan borrowers can get a 1% interest rate cut with one simple change"},"content":{"rendered":"
\n
\n
\n

Federal student loan borrowers enrolled in automatic payments will be eligible for a 1% interest rate reduction beginning July 1, the Department of Education said.<\/p>\n

Read more US-Iran talks delayed, but Israel-Hezbollah ceasefire could push deal forward<\/a><\/p>\n

Borrowers who are already enrolled in auto pay, or who sign up by Sept. 30, 2026, will receive the temporary rate reduction through June 30, 2028.<\/p>\n

Borrowers enrolled in auto pay currently receive a 0.25% interest rate reduction.<\/p>\n

The department said the initiative is meant to make repayment easier and encourage more borrowers to make on-time monthly payments. Officials said more than 80% of student loan borrowers in active repayment were enrolled in autopay before the COVID-19 pandemic, compared with about 40% today.<\/p>\n

RELATED STORY | <\/b>Big student loan changes hit July 1, but most borrowers say they’re not ready<\/b><\/p>\n

“No matter your age or college credential, we want to make sure that borrowers can understand their options and choose a repayment option that works best for them. This interest rate reduction will help borrowers as they consider new, affordable repayment plans and work to repay their loans on time,” Under Secretary of Education Nicholas Kent said in a statement.<\/p>\n

Read more Man who beat Navajo elder, who remains missing, freed from prison<\/a><\/p>\n

The department said two new repayment plans will also become available July 1: the income-driven Repayment Assistance Plan and the Tiered Standard repayment plan.<\/p>\n

RELATED STORY |\u00a0<\/b>Federal student loan repayment rules are changing: What borrowers need to know<\/b><\/p>\n

Under RAP, monthly payments will be based on a borrower\u2019s income and number of dependents. The department said the plan is designed to keep payments affordable while ensuring borrowers who make full, on-time monthly payments are protected from runaway interest and continue making progress toward reducing their loan balances.<\/p>\n

The Tiered Standard repayment plan will offer fixed repayment terms of 10, 15, 20 or 25 years, depending on a borrower\u2019s total outstanding loan balance. The department said the plan will give borrowers with higher debt lower monthly payments and more time to repay their loans.<\/p>\n

Read more Italy slams Trump over claim prime minister \u2018begged\u2019 for G7 photo<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Federal student loan borrowers enrolled in automatic payments will be eligible for a 1% interest rate reduction beginning July 1, the Department of Education said.<\/p>\n","protected":false},"author":1,"featured_media":2041,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24],"tags":[],"class_list":["post-2042","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-national-news"],"yoast_head":"\nStudent loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/arizonamovinginsider.com\/?p=2042\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Student loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider\" \/>\n<meta property=\"og:description\" content=\"Federal student loan borrowers enrolled in automatic payments will be eligible for a 1% interest rate reduction beginning July 1, the Department of Education said.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/arizonamovinginsider.com\/?p=2042\" \/>\n<meta property=\"og:site_name\" content=\"Arizona Moving Insider\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-19T21:33:20+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#\\\/schema\\\/person\\\/9c272b4cf18e019eb01eb3c1b5d855fb\"},\"headline\":\"Student loan borrowers can get a 1% interest rate cut with one simple change\",\"datePublished\":\"2026-06-19T21:33:20+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042\"},\"wordCount\":356,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ec851fb95824a97765f8a57932f47df6.jpg\",\"articleSection\":[\"National News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042\",\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042\",\"name\":\"Student loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ec851fb95824a97765f8a57932f47df6.jpg\",\"datePublished\":\"2026-06-19T21:33:20+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#\\\/schema\\\/person\\\/9c272b4cf18e019eb01eb3c1b5d855fb\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#primaryimage\",\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ec851fb95824a97765f8a57932f47df6.jpg\",\"contentUrl\":\"https:\\\/\\\/arizonamovinginsider.com\\\/wp-content\\\/uploads\\\/2026\\\/06\\\/ec851fb95824a97765f8a57932f47df6.jpg\",\"width\":1024,\"height\":683,\"caption\":\"FILE - Graduates at the University of Toledo commencement ceremony in Toledo, Ohio, May 5, 2018. Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced Thursday. The Education Department is canceling the borrowers\u2019 loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness program. (AP Photo\\\/Carlos Osorio, File)\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?p=2042#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/arizonamovinginsider.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Student loan borrowers can get a 1% interest rate cut with one simple change\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#website\",\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/\",\"name\":\"Arizona Moving Insider\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/arizonamovinginsider.com\\\/#\\\/schema\\\/person\\\/9c272b4cf18e019eb01eb3c1b5d855fb\",\"name\":\"admin\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g\",\"caption\":\"admin\"},\"sameAs\":[\"http:\\\/\\\/arizonamovinginsider.com\"],\"url\":\"https:\\\/\\\/arizonamovinginsider.com\\\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Student loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/arizonamovinginsider.com\/?p=2042","og_locale":"en_US","og_type":"article","og_title":"Student loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider","og_description":"Federal student loan borrowers enrolled in automatic payments will be eligible for a 1% interest rate reduction beginning July 1, the Department of Education said.","og_url":"https:\/\/arizonamovinginsider.com\/?p=2042","og_site_name":"Arizona Moving Insider","article_published_time":"2026-06-19T21:33:20+00:00","author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/arizonamovinginsider.com\/?p=2042#article","isPartOf":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042"},"author":{"name":"admin","@id":"https:\/\/arizonamovinginsider.com\/#\/schema\/person\/9c272b4cf18e019eb01eb3c1b5d855fb"},"headline":"Student loan borrowers can get a 1% interest rate cut with one simple change","datePublished":"2026-06-19T21:33:20+00:00","mainEntityOfPage":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042"},"wordCount":356,"commentCount":0,"image":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042#primaryimage"},"thumbnailUrl":"https:\/\/arizonamovinginsider.com\/wp-content\/uploads\/2026\/06\/ec851fb95824a97765f8a57932f47df6.jpg","articleSection":["National News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/arizonamovinginsider.com\/?p=2042#respond"]}]},{"@type":"WebPage","@id":"https:\/\/arizonamovinginsider.com\/?p=2042","url":"https:\/\/arizonamovinginsider.com\/?p=2042","name":"Student loan borrowers can get a 1% interest rate cut with one simple change - Arizona Moving Insider","isPartOf":{"@id":"https:\/\/arizonamovinginsider.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042#primaryimage"},"image":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042#primaryimage"},"thumbnailUrl":"https:\/\/arizonamovinginsider.com\/wp-content\/uploads\/2026\/06\/ec851fb95824a97765f8a57932f47df6.jpg","datePublished":"2026-06-19T21:33:20+00:00","author":{"@id":"https:\/\/arizonamovinginsider.com\/#\/schema\/person\/9c272b4cf18e019eb01eb3c1b5d855fb"},"breadcrumb":{"@id":"https:\/\/arizonamovinginsider.com\/?p=2042#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/arizonamovinginsider.com\/?p=2042"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/arizonamovinginsider.com\/?p=2042#primaryimage","url":"https:\/\/arizonamovinginsider.com\/wp-content\/uploads\/2026\/06\/ec851fb95824a97765f8a57932f47df6.jpg","contentUrl":"https:\/\/arizonamovinginsider.com\/wp-content\/uploads\/2026\/06\/ec851fb95824a97765f8a57932f47df6.jpg","width":1024,"height":683,"caption":"FILE - Graduates at the University of Toledo commencement ceremony in Toledo, Ohio, May 5, 2018. Another 78,000 Americans are getting their federal student loans canceled through a program that helps teachers, nurses, firefighters and other public servants, the Biden administration announced Thursday. The Education Department is canceling the borrowers\u2019 loans because they reached 10 years of payments while working in public service, making them eligible for relief under the Public Service Loan Forgiveness program. (AP Photo\/Carlos Osorio, File)"},{"@type":"BreadcrumbList","@id":"https:\/\/arizonamovinginsider.com\/?p=2042#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/arizonamovinginsider.com\/"},{"@type":"ListItem","position":2,"name":"Student loan borrowers can get a 1% interest rate cut with one simple change"}]},{"@type":"WebSite","@id":"https:\/\/arizonamovinginsider.com\/#website","url":"https:\/\/arizonamovinginsider.com\/","name":"Arizona Moving Insider","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/arizonamovinginsider.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/arizonamovinginsider.com\/#\/schema\/person\/9c272b4cf18e019eb01eb3c1b5d855fb","name":"admin","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/50b1ad2e498f523425ee0a8cc5180a210646db1622662a3d56cc405d3e0c346a?s=96&d=mm&r=g","caption":"admin"},"sameAs":["http:\/\/arizonamovinginsider.com"],"url":"https:\/\/arizonamovinginsider.com\/?author=1"}]}},"_links":{"self":[{"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/posts\/2042","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2042"}],"version-history":[{"count":0,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/posts\/2042\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=\/wp\/v2\/media\/2041"}],"wp:attachment":[{"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2042"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2042"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arizonamovinginsider.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2042"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}