US Supreme Court hands down major rulings on executive power

Texas Standard

For any body who borrowers a new loan on/after July 1, 2026, instead of having a whole basket of plans available to them, they will only have two — tiered standard plan or a new income-driven plan called RAP the Repayment Assistance Plan. For borrowers who don’t take on any new debt or consolidate on/after July 1 — they will have access to that RAP plan as well as the existing plans.

Under HR1, the budget bill that passed last summer. Congress got rid of a program called Graduate PLUS where they could borrow up to the cost of attendance. The limited graduate programs to $20,500 per year and no more than $100k, and for professional students to $50k per year and no more than $200k. But a judge is putting an injunction on how they are defining what a professional program is.