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Student loan borrowers can get a 1% interest rate cut with one simple change
Summary by The Waco Editorial Desk Scripps News Group , as published by KXXV (ABC 25) News
· June 19, 2026
· 1 min read
Photo: KXXV (ABC 25) News · view original
Story provenance No corrections
Summary created by The Waco Editorial Desk — automated, rule-governed Byline on source page Scripps News Group, as published by KXXV (ABC 25) News Original story Read at the source Source published Jun 19, 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
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Key takeaway The Department of Education has announced that borrowers enrolled in automatic payments can receive a 1% interest rate cut.
Federal student loan borrowers in Waco and elsewhere may be eligible for a reduced interest rate. The Department of Education has announced that borrowers enrolled in automatic payments can receive a 1% interest rate cut. This change is set to take effect on July 1.
Borrowers already enrolled in auto pay, as well as those who sign up by September 30, 2026, will be eligible for the temporary rate reduction. Further details on this interest rate reduction are available from the Department of Education, for borrowers looking to take advantage of the offer.
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About this story
As published by KXXV (ABC 25) News . The Waco 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 KXXV (ABC 25) News . Have a tip or correction? Contact our newsroom .
Category: schools Published: June 19, 2026 Source: KXXV (ABC 25) News Reading time: 1 min
Frequently asked about this story
What is this story about? Federal student loan borrowers in Waco and elsewhere may be eligible for a reduced interest rate. The Department of Education has announced that borrowers enrolled in automatic payments can receive a…
When was this published? This article was first published on June 19, 2026 by KXXV (ABC 25) News and curated for The Waco readers.
Who reported this story? This story was reported by Scripps News Group at KXXV (ABC 25) News. To learn more about how The Waco selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more schools coverage from The Waco, or browse our daily briefing and topic hubs .
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