Business

Student Loan Interest Rate Extension and AI Job Concerns

Updated 2026-09-29 15:55 UTC 1 source Neutral

The Trump administration extended the deadline for federal student loan borrowers to sign up for autopay with a reduced interest rate. Former US Commerce Secretary Gina Raimondo expressed concerns about initial mass layoffs due to AI implementation.

Coverage timeline — 2 articles

CNBC

Gina Raimondo thinks AI ultimately will create jobs. It's the initial mass layoffs wave that worries her

No one knows what AI will mean for jobs long-term, but the layoffs are likely to hit first without proper planning, says former US Commerce Sec. Gina Raimondo.

2026-09-29 15:46 UTC

CNBC

Education Department extends deadline for student loan interest rate discount

The Trump administration announced it will extend the deadline for federal student loan borrowers to sign up for autopay and get a reduced interest rate.

2026-09-29 15:51 UTC