Lenders often encourage federal student loan borrowers to enroll in automatic payments. It can seem like a good idea to do so: Borrowers don't need to worry about missing a payment and often get a ...

Lucy Lazarony is an experienced personal finance journalist and writer who got her start in 1998 writing about financial topics. She writes accessible and easy-to-understand articles about credit, ...

Lenders often encourage federal student loan borrowers to enroll in automatic payments, offering them a slightly lower interest rate if they do so. But a new report from the Consumer Financial ...