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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.

10/08/2026 · Indiana edition

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Why it matters locally: The extension of the student loan interest rate reduction deadline directly affects many Indiana residents currently repaying federal student loans, potentially offering continued financial relief to those who enroll in the program.

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.

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