Borrowers who meet certain criteria can get a lower interest rate on their student loans. They must enroll in automatic payments through their loan service provider to receive the benefit.

The reduced rate will apply until June 2028, as long as payments continue in good standing. Canceling automatic payments or entering forbearance will result in losing the rate reduction.

Further details are available for borrowers who want to take advantage of this offer, including information on eligibility and enrollment.