Federal student-loan borrowers face Sept. 30 deadline for temporary rate cut
Eligible federal Direct Loan borrowers have until Sept. 30, 2026, to enroll in autopay for a temporary 1-point interest-rate reduction through June 2028.
Eligible federal Direct Loan borrowers have until Sept. 30, 2026, to enroll in autopay for a temporary 1-point interest-rate reduction through June 2028.
The new federal College Financing Plan organizes costs, grants, scholarships, loans and work options, but most colleges can still choose whether to use it.
A federal rule lets colleges set lower annual loan limits for entire programs, potentially leaving students to find other ways to cover tuition and living costs.
Federal loan caps, program-level limits and new reporting rules are complicating 2026-27 aid offers for graduate students, parents and continuing borrowers.
The 2026-27 FAFSA remains open through June 30, 2027, but earlier college and state deadlines may affect access to limited aid.
August 15 ends Edfinancial’s notice window, not every borrower’s deadline. SAVE borrowers generally get 90 days from the date on their servicer notice.
Federal student-loan borrowers and prospective students face new repayment choices, revised borrowing limits and a new pathway for short-term workforce programs to qualify for Pell grants.
A three-phase Education-Treasury agreement targets defaulted-loan collections first, while staffing cuts and new repayment rules raise accountability questions.
Federal graduate-loan caps took effect July 1, while colleges weigh lower limits, institutional aid and private credit to cover remaining education costs.