Jul 6, 2026 · 21 min · 12 segments
In this Fourth of July weekend episode, Mark highlights federal student-loan changes tied to the One Big Beautiful Bill Act (OB3) which go into effect as of July 1, 2026. He notes a new auto-pay…
Mark TroutmanHost
But as of July 1st, the interest rate will be reduced instead of by a quarter of one percent, a full percentage point if you enroll in auto payment." So I was thinking, "Huh.
If you are already auto-enrolled to repay your student loans, it will become effective automatically.
However, if you're just paying your student loans directly and not through auto-pay, I highly recommend you sign up for that, at least for the minimum payment, and you have up until September 30th of this year to enroll to receive that one percentage point drop in the rate on your loan.
I did not realize that that was going into effect, so many people may not be aware of it.
And certainly if you are auto paying already, it's just going to be reflected in your July statements going forward.
But as of July 1st, the interest rate will be reduced instead of by a quarter of one percent, a full percentage point if you enroll in auto payment." So I was thinking, "Huh.
If you are already auto-enrolled to repay your student loans, it will become effective automatically.
However, if you're just paying your student loans directly and not through auto-pay, I highly recommend you sign up for that, at least for the minimum payment, and you have up until September 30th of this year to enroll to receive that one percentage point drop in the rate on your loan.
I did not realize that that was going into effect, so many people may not be aware of it.
And certainly if you are auto paying already, it's just going to be reflected in your July statements going forward.
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