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The Los Angeles

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Student loan borrowers will get an interest rate cut if they sign up for auto pay

.(Daniel de la Hoz / Moment RF via Getty Images) Student loan borrowers who enroll in automatic payments will get a much bigger discount on interest starting July 1, the U.S. Department of Education says. Auto pay has long offered a modest discount off borrowers' interest rate —...

LAist (KPCC / Southern California Public Radio)Jun 18, 2026