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Student Loans Just Got Cheaper
Description
Student loan relief is coming your way—starting July 1, auto-pay borrowers get a 1% interest rate drop for five years. Sign up by September 30 to still qualify. Plus, two new repayment plans launch next month: the flexible Repayment Assistance Plan (RAP), which adjusts with your income and helps slash interest, and the Tiered Standard Plan. Best part? RAP payments count toward Public Service Loan Forgiveness. Set it up in minutes via your servicer’s site—or consolidate first if you’re in default. The Department of Education’s pushing auto-pay to help you stay on track after pandemic disruptions.
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