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Trump’s student loan rate cut excludes most of the 9 million borrowers in default

The Education Department's temporary 1% interest rate reduction requires auto-pay enrollment, loan c...

BUSINESS NEWS June 20, 2026

Trump’s student loan rate cut excludes most of the 9 million borrowers in default

The Education Department's temporary 1% interest rate reduction requires auto-pay enrollment, loan consolidation, and good standing.

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The Education Department's temporary 1% interest rate reduction requires auto-pay enrollment, loan consolidation, and good standing.

Author: Fortune

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