The Trump administration says it is cutting student loan interest. Here are some facts and context (opens original article in a new tab)

The Trump administration announced a 1% reduction in federal student loan interest rates for eligible borrowers, targeting those with Direct Loans issued after July 1, 2012, who enroll in automatic payments or consolidate their loans. The reduction is temporary and does not apply to all borrowers.

• The Trump administration announced a 1% reduction in federal student loan interest rates for eligible borrowers.
• The reduction applies to those with Direct Loans issued after July 1, 2012, who enroll in automatic payments or consolidate their loans.
• The rate cut is temporary, lasting through June 30, 2028, and does not apply to all borrowers.