The federal Education Department has granted borrowers an unexpected reprieve by extending the deadline for qualifying for a limited interest rate reduction on student loans, just hours before the original cutoff. The move allows more individuals to take advantage of the temporary financial relief before the opportunity expires. Details on how to apply and who remains eligible have not yet been confirmed, but borrowers are urged to act quickly. This development comes as millions continue to navigate repayment challenges amid economic uncertainty.
A day before the deadline was set to end, the Education Department extended the window in which student loan borrowers can get a small reduction on their interest rates.
