All articles tagged with #autopay discount
Federal student loan borrowers must enroll in autopay by Sept. 30 to secure a temporary 1% interest rate discount, a benefit that reverts to 0.25% after June 30, 2028. This financial relief comes as millions of borrowers face mandatory transitions from the terminated SAVE plan to more expensive repayment options, with many struggling to afford new monthly costs.
Wireless carriers such as Verizon, AT&T, and T-Mobile are now requiring customers to switch to a debit card or bank account withdrawal in order to receive the autopay discount on their plans, cutting back on credit card processing costs. AT&T and T-Mobile's new rule goes into effect in October, while Verizon's autopay discount can only be obtained with a Verizon Visa card. The change applies to all postpaid accounts, impacting both new and existing customers. While understandable due to high credit card processing fees, carriers continue to advertise plan pricing with the autopay discount, requiring customers to read the fine print.