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

Student loan borrowers will get an interest rate cut if they sign up for auto pay
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.(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 — .25 percentage p...