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Student-loan borrowers can act now to become eligible for a new repayment benefit

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President Donald Trump's Education Department announced a 1% interest-rate reduction for student-loan borrowers who enroll in autopay. Kent NISHIMURA / AFP via Getty ImagesThe Education Department announced a one percentage point interest-rate reduction for borrowers who enroll in autopay. Borrowers who are already enrolled in autopay do not need to take any action.

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