What is this story about?

Student loan borrowers in the Los Angeles area may be eligible for a discount on their interest rate. The U.S. Department of Education has announced that borrowers who enroll in automatic payments…

When was this published?

This article was first published on June 18, 2026 by LAist (KPCC / Southern California Public Radio) and curated for The Los Angeles readers.

Who reported this story?

This story was reported by Cory Turner | NPR at LAist (KPCC / Southern California Public Radio).

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

Summary by The Los Angeles Editorial Desk · Byline on the source page: Cory Turner | NPR, as published by LAist (KPCC / Southern California Public Radio) · June 18, 2026 · 1 min read

Student loan borrowers in the Los Angeles area may be eligible for a discount on their interest rate. S. Department of Education has announced that borrowers who enroll in automatic payments will receive a reduced interest rate.

This discount is an expansion of an existing program that previously offered a modest reduction in interest rate for borrowers using auto pay. S. Department of Education, with changes set to take effect on July 1.

Why this matters

Education coverage influences how families evaluate their districts, how voters approach bond elections, and how teachers and administrators set priorities. The Los Angeles follows local school news because it affects every household with children — and the broader workforce pipeline.

About this story

As published by LAist (KPCC / Southern California Public Radio). The Los Angeles 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 LAist (KPCC / Southern California Public Radio). Have a tip or correction? Contact our newsroom.

Category: schools · Published: June 18, 2026 · Source: LAist (KPCC / Southern California Public Radio) · Reading time: 1 min

Summary created by	The Los Angeles Editorial Desk — automated, rule-governed
Byline on source page	Cory Turner \| NPR, as published by LAist (KPCC / Southern California Public Radio)
Original story	Read at the source
Source published	Jun 18, 2026
AI assistance	Automated summary drawn from the source’s own published text
Prepublication human review	No — editorial rules, flagged-item review, and published samples

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

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