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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 · Nevada edition

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Why it matters locally: The extension of the student loan interest rate reduction program could benefit a significant number of Nevada residents with federal student loan debt, potentially easing financial burdens for those enrolled in higher education or who have previously attended.

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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