Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTTanya RawatThu, September 3, 2026 at 11:31 PM GMT+2 5 min readBenzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.Student-loan borrowers have until Sept. 30 to enroll in autopay and receive a temporary 1-percentage-point reduction in their federal student-loan interest rate.The benefit is available through June 30, 2028, for eligible borrowers who enroll by the deadline or were already enrolled in autopay. The Education Department announced the temporary reduction in June as part of broader changes to federal student-loan repayment.How The 1% Rate Reduction WorksBorrowers who enroll in autopay normally receive a 0.25-percentage-point reduction in their interest rate. Under the temporary benefit, the department is adding another 0.75 percentage points, bringing the total reduction to 1 percentage point.Don't Miss:Think Your 'Safe' Stocks Protect You? You're Ignoring the Real Growth Triggers —