U.S. Dept. of Education announces student loan interest rate reduction | TheBriefWire
U.S. Dept. of Education announces student loan interest rate reduction
Published 21 June 2026 ยท finance
On Thursday, The U.S. Department of Education announced a reduction in interest rates for federal student loans, as part of a plan to make higher
On Thursday, The U.S. Department of Education announced a reduction in interest rates for federal student loans, as part of a plan to make higher education more affordable. The Trump administration pitched the temporary, 1% reduction in student loan interest rates to assist those struggling with repayment.
This lower interest rate is scheduled to take effect on July 1, according to the department. LiveNOW's Anna Marsick brings U.S. Under Secretary of Education Nicholas Kent into the conversation to discuss the rate reduction.
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Published: June 21, 2026 โข 5:30 AM IST ยท Updated: June 21, 2026 โข 6:09 AM ISTBy TheBriefWire Editorial Team
Key pointsยท Video
On Thursday, The U.S. Department of Education announced a reduction in interest rates for federal student loans, as part of a plan to make higher education more affordable.
The Trump administration pitched the temporary, 1% reduction in student loan interest rates to assist those struggling with repayment.
This lower interest rate is scheduled to take effect on July 1, according to the department.
LiveNOW's Anna Marsick brings U.S. Under Secretary of Education Nicholas Kent into the conversation to discuss the rate reduction.
Where to watch LiveNOW from FO Raw and unfiltered.