schools
Department of Education announces discount for student loan borrowers
By Natalie Dreier, Cox Media Group National Content Desk at WSB-TV (ABC) - News
· June 25, 2026
· 2 min read
Some student loan borrowers will be eligible for a discount according to the U.S. Department of Education. Read more trending newsThe agency said that borrowers who are on auto pay can get a 1% interest rate reduction starting July 1 through June 30, 2028. If borrowers are not already enrolled, t...
Key takeaway Read more trending newsThe agency said that borrowers who are on auto pay can get a 1% interest rate reduction starting July 1 through June 30, 2028.
Why this matters in The Atlanta
In Atlanta , where many students attend institutions like those in the University System of Georgia, this discount could have a significant impact on the financial burden of student loan debt. With a large number of students and young professionals calling the city home, the ability to reduce interest rates by 1% through auto pay enrollment could lead to substantial savings over time. The introduction of new repayment plans, such as the Repayment Assistance Plan and the Tiered Standard Repayment Plan, may also provide more flexible options for borrowers who are struggling to make payments. As the Department of Education encourages borrowers to re-enroll in auto pay, Atlanta residents who took a break from payments during the pandemic may want to revisit their repayment plans to take advantage of these new benefits and get back on track with their loan payments.
About this story
Original reporting by WSB-TV (ABC) - News . The Atlanta surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit WSB-TV (ABC) - News . Have a tip or correction? Contact our newsroom .
Category: schools ·
Published: June 25, 2026 ·
Source: WSB-TV (ABC) - News ·
Reading time: 2 min
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Frequently asked about this story
What is this story about? Some student loan borrowers will be eligible for a discount according to the U.S. Department of Education. Read more trending newsThe agency said that borrowers who are on auto pay can get a 1% interest rate reduction starting July 1 through June 30, 2028. If borrowers are not already enrolled, t...
When was this published? This article was first published on June 25, 2026 by WSB-TV (ABC) - News and curated for The Atlanta readers.
Who reported this story? This story was reported by Natalie Dreier, Cox Media Group National Content Desk at WSB-TV (ABC) - News. To learn more about how The Atlanta selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The Atlanta, or browse our daily briefing and topic hubs .
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