u/investor100

• The Havens lawsuit doesn't ask to extend the $0 forbearance — it asks to restart billing under REPAYE. Even a win ends the forbearance, and the outcome would simply allow switching back to REPAYE.
• The running cost of waiting: ~$300/month in interest for the typical borrower (SBPC estimate), zero IDR forgiveness credit, and PSLF only via buyback.

• All outstanding SAVE applications are being denied at ED's direction under the settlement that ended the plan.
• This is a different group than enrolled SAVE borrowers: if you don't select a new plan you'll revert to the plan you were previously in before your application, or the Standard plan if you weren't enrolled in a repayment plan.

• 10 group discharges covered 1.5M+ borrowers and $23B+ and borrowers were told relief was automatic - but did it happen?
• ED has ignored 15 FOIA requests about implementation — five have been pending since November 2023, all still listed "In Process" as of July 1, 2026
• A borrower group is suing to get the answers

• Under Secretary Kent announced that nearly 46,000 borrowers applied for RAP on its July 1 launch day
• Payments run from a $10 monthly minimum up to 10% of AGI (for incomes over $100K), minus $50/month per dependent
• 7 million SAVE borrowers still need to pick a plan within 90 days of servicer notification, which go out in tranches

• Consolidation is now more harmful than helpful for most borrowers.
• Consolidation resets your IDR progress, blocks you from access to legacy repayment plans, and if you're going for PSLF, it's a weighted average count afterwards.
• The only use of consolidation moving forward is getting out of default.

• Full text of the notice in the article (we transcribed the entire email)
• Notices began July 1 and go out in tranches - your 90-day clock starts the date your notice is sent.
• The notice also covers the 1% Auto Pay interest discount

If the last notices go out ~March 1, 2027, everyone is out of SAVE by roughly May 30, 2027.

See their updated FAQ.

• New borrowers now have two repayment plans: Standard (10-25 yrs) or the income-driven RAP (1-10% of AGI, forgiveness at 30 years).
• The older income-driven plans are closed to post-July loans but remain available for existing borrowers who don't borrow again or consolidate their loans.
• New caps replace cost-of-attendance borrowing: grad students $20,500/yr ($100K lifetime), professional $50K/yr ($200K), Parent PLUS $20K/yr ($65K per child).

• Rushing a sorority can add a lot of costs to a college student.
• Using Bama Rush as an example, new member dues now average ~$4,800/semester and run as high as $5,730 — first semester is the priciest due to one-time pledging/initiation fees
• Housing is another: ~$8,400/semester to live in the house vs. ~$4,200 out, pushing a first year to $9K–$13K+ before tuition

• The rule would have let the Department of Education disqualify employers via a new "substantial illegal purpose" standard not tied to established criminal law.
• The court held it unlawful, arbitrary and capricious, unconstitutionally vague, and a First Amendment violation — so PSLF eligibility stands for now, pending a possible appeal.

• AAUP and AFT issued a joint statement calling 3-year degrees a "stripped-down curriculum"
• The 120-credit norm traces its roots to the 1906 Carnegie Unit, which tied funding to seat time, while the original liberal arts colleges like Oxford and much of Europe finish in 3 years
• Massachusetts just approved its first programs (Suffolk, Merrimack) while Virginia and Ohio are designing 90-credit degrees

• A mortgage payment is loan repayment, not a housing cost, so it's a non-qualified 529 expense (income tax + 10% penalty on earnings).
• The only legal route is charging your child fair-market rent and paying it from the 529, but that rent is taxable income to you.
• Even then, it's capped at the college's published room & board allowance and requires at least half-time enrollment, summer included.

• Undergrad programs must show graduates earn more than a typical high school diploma holder while grad programs must beat a bachelor's holder. Fail 2 of 3 years means losing access to Direct student loans.
• Preliminary Department estimates: ~6% of all programs fail, but 35% of for-profit programs and ~29% of undergraduate certificate programs do.
• First calculation happens in early 2027 and the earliest a program loses loans is the 2028–2029 award year.

• Grad PLUS loans eliminated and Parent PLUS capped at $20K/year and $65K total per dependent student for the first time
• New analysis of NPSAS data estimates ~$11.2B in borrowing shifts from federal to private programs, phased in over 3 years
• Only affects ~9% of grad students, 30% of professional students, and 1% of parents but it's significant for those families

• Florida advances rule that would effectively ban undocumented students from all 12 public universities
• Two more proposed rules would extend the ban to the state's 28 community colleges and adult-ed programs (enrollment starts at 16).

• The board behind the international CFP program released guidance telling planners AI can speed the work, but the human planner stays responsible for every recommendation.
• Their research found two in three firms are using AI or plan to within a year, for things like client communications, collecting client data, and risk profiling.
• Practical takeaway: you can ask your advisor where AI is used, whether your data is protected, and whether they verify AI output — it's global guidance, not U.S. law, but a useful checklist.

• CFPB now requires email + phone verification to file a complaint
• Credit reporting complaints went from ~150,000 in 2019 to more than 5 million in 2025 (~85% of all CFPB complaints).
• New rules: two-factor identity verification to file, plus a notice that you must dispute with Equifax/Experian/TransUnion before escalating.

• Outage runs 4 p.m. ET Sat June 27 to 1 p.m. ET Sun June 28; IRS maintenance Saturday also forces manual tax-info entry 7 a.m.–4 p.m. ET.
• It lands days before RAP launches July 1, when SAVE borrowers start getting 90-day notices to switch plans.

• The 2026–27 Parent PLUS rate is 9.07% with a 4.228% origination fee, so a $20,000 loan nets $19,155 but you owe the full amount.
• New hard caps: $20,000 per student per year, $65,000 lifetime, and new loans are standard-repayment only (no IDR).
• There's a grandfathering window for borrowing limits, not repayment plan options.

• Four borrowers asked a D.C. federal court on June 23 to keep them in REPAYE and force forgiveness for those past 20–25 years of payments.
• The Education Department starts July notices giving SAVE borrowers 90 days to switch plans, or be auto-moved to Standard.
• This is one of the last attempts to stop the move, as all previous attempts have failed.