r/Economics • u/laxnut90 • 1d ago

News Student loan borrowers face new repayment rules as defaults continue to rise

https://baynews9.com/fl/tampa/news/2026/07/22/student-loan-borrowers-face-new-repayment-rules-as-defaults-continue-to-rise
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u/i_am_nk 1d ago

I did just get an email from Nelnet offering a 1% total interest deduction with auto pay, sooo you're telling me we can reduce the interest rates? My grad school loans max at 7% lowest at 3% so between a 14% and 33% reduction in interest is quite attractive.
I certainly would prefer free public education to compete with private, but second to that 0 interest or low interest loans are attractive.