Student loan overhaul: SAVE exit deadline, PSLF block, new RAP plan, graduate loan caps, Parent PLUS gutted, autopay interest cut, 90-day window, community college dropout risk, theology student loan limit blocked, gender impact, graduate earnings rule, human impact stories, RAP late payment trap, record defaults, Sweet v. McMahon settlement, accreditation reform bill, 6,000 borrower glitch, default clock article, new federal student loan rules, 12.5M default projection, reapplication errors, SAVE borrower chaos update, Oregon graduate loan caps impact, SDCC survey payment spike, human story of Luke Helton, state loan options warning, Alabama default data, permanent Section 127 tax break for employer student loan payments, legal setback for SAVE restoration, nursing loan caps rumor debunked, student loan rules hurt Social Security recipients, MOHELA glitch sends past-due notices in error, calls grow for payment pause, GAO report confirms servicer chaos, 20-year forgiveness cliff explained, RAP plan formula explained, NY Fed delinquency stabilization data, Colorado default data, staggered notices for SAVE exit window, PSLF coding error rollback

SAVE plan ended July 1; 7M+ borrowers face September 29 deadline to choose new plan. New RAP plan offers $50/dependent discount, 1-10% AGI formula, 30-year forgiveness, taxable exit. Two federal judges blocked Trump admin's PSLF narrowing rule; another blocked theology student loan limit. Graduate caps ($100K/$200K), Parent PLUS gutted. Autopay interest cut (1%) through Sept 30. Implementation bugs reported. ED finalized rule tying federal aid to graduate earnings (2027 start) with Pell Grant implications; ACE objects. Graduate loan caps disproportionately affect women in social work/education. Community college dropout risk (5,000+ at ACC). Ohio data: $35K avg debt, 428K defaulters. Human impact—borrowers delaying retirement, children, taking multiple jobs; 9M in default, 1.4M at risk of defaulting in 6 months. NY AG James issues state-level alert. RAP plan borrowers who pay even one day late forfeit interest waiver and principal match, with no grace period. Student loan defaults hit record 9.52M—nearly double March 2025 low; $233B in default. Sweet v. McMahon settlement delivers $23B in debt cancellation for 170K defrauded borrowers—court blocks ED delay, largest class-action settlement in history; relief moving despite broader repayment chaos. 9th Circuit affirmed settlement, clearing $11B for 170K borrowers, total $23B for 500K. Warren and Durbin reintroduce accreditation reform bill to prevent unmanageable debt, citing 1.7M defrauded borrowers. 6,000 borrowers told to reapply due to incorrect payment amounts after manually updating family size—another glitch in RAP rollout. Default clock article explains 90-day delinquency vs 270-day default, wage garnishment, credit impacts. New federal student loan rules reshape borrowing—Parent PLUS caps ($20K/year, $65K lifetime), Graduate PLUS elimination, RAP plan details; took effect July 1. Nearly 12.5M borrowers could be in default by year end—9.57M already in default, 2.97M delinquent; state-level and for-profit school concentration data. Thousands of borrowers told to reapply for repayment plans after errors—systemic failure in ED rollout, threatens affordable payments and forgiveness progress. SAVE borrower chaos update—2M notified since July 1, 25% chose RAP, 50% IBR, 25% ICR/PAYE; human stories of $1,500/month payments, family planning paused, dance classes cut; reinforces no good options. Oregon graduate loan caps causing enrollment drops in nursing, social work—concrete state-level evidence of impact on essential professions; students turning to private loans or dropping out. SDCC survey finds $500+ average payment spike, 51% of borrowers hit—fresh evidence of kitchen-table crisis. Human story of Luke Helton—three jobs, $600 payment jump, 401(k) raid consideration; illustrates voter regret and systemic chaos. States expand student loan options as federal caps take effect—state loans lack federal protections, credit-score barriers, no IDR or forgiveness; practical warning for graduate students. Alabama among states hit hardest by student loan defaults—regional data reinforces national crisis, older borrowers especially affected. Employers can pay $5,250 toward student loans tax-free under a permanent federal rule—Section 127 plan, actionable for borrowers with employer benefit; fills gap in coverage. Student loan borrowers' attempt to restore SAVE plan faces legal setback—court rejects intervention as untimely; separate REPAYE challenge continues; forbearance vs. switching plans still live debate. Education Department debunks nursing loan cap rumors—95% of nursing students unaffected, clarifies that graduate loan caps do not apply to most nursing programs; reduces panic but does not change overall cap impact. How Trump's New Student Loan Rules Could Hurt Social Security Recipients—narrowing repayment options under OBBBA and end of SAVE could push more seniors into default, making them vulnerable to Treasury offsets; kitchen-table issue for retirees on fixed incomes; Parent PLUS angle sharp. MOHELA glitch sends past-due notices in error—ED says fixed, adds to pattern of administrative chaos; GAO found FSA stopped assessing billing accuracy due to staffing cuts. Calls grow for payment pause on student loans as problems multiply—130,000 signatures, advocacy groups pushing; signals potential policy shift. GAO report confirms ED left student loan servicers in chaos—36% emergency changes, single-day notice for IDR counts; adds official weight to borrower pain. 20-year forgiveness cliff explained for existing borrowers; new 30-year RAP timeline; PAYE-to-IBR transfer deadline before 2028—actionable deadline for borrowers. RAP plan formula explained: 1-10% of AGI, 30-year forgiveness, taxable exit—key tradeoff for borrowers deciding before Sept 29. NY Fed data shows student loan delinquencies stabilizing at 10.6%, but warns SAVE elimination could reverse trend—fresh primary-source data point; reinforces urgency of 90-day window. 144,000 Coloradans in student loan default—67% increase, human story adds state-level depth. ED sending staggered notices for SAVE exit window; borrowers must act by Sept 29 or be moved to more expensive plans; Social Security offset risk for defaulters. Trump admin rolls back PSLF credits due to 'coding errors'—delays forgiveness for public servants, adds to administrative chaos.