Your Daily Scope and News of What Matters
Social Security garnishment for defaulted federal student loans can take up to 15% of a monthly check (with a $750 floor from 1996). A new Senate bill would ban it. Here is the pause status, the risk, and what to do before offsets restart.
Gen Z credit scores rose 17 points since 2019 — the biggest FICO gain of any age group. Nearly half of 18–29 borrowers now score 700+. Student loan delinquencies still cut scores by ~38 points on average.
RAP went live July 1. Payments are 1–10% of AGI with a $10 minimum, not $0. New Direct Loans get RAP or Tiered Standard only. SAVE is dead; servicers are sending 90-day switch notices through October. Parent PLUS is still out.