Education Department Extends Student Loan Interest Rate Reduction Deadline
The U.S. Department of Education has moved the deadline for student loan borrowers to enroll in a program reducing interest rates. The new deadline provides more time for individuals to participate in the initiative, which limits interest accumulation until June 2028.
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Why it matters locally: Many of Montana's 1.1 million residents likely hold student loan debt, and this extension offers additional time for eligible borrowers across the state to enroll in a program that could reduce their interest rates through June 2028.
WASHINGTON – The U.S. Department of Education has extended the deadline for student loan borrowers to enroll in an interest rate reduction program. The previous deadline was Sept. 30. Borrowers now have additional time to enroll in the program. This initiative reduces interest rates for participating individuals through June 2028.Related Topics
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