- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: So Louisiana's 529 Savings site has been down all week
Posted on 10/7/25 at 6:11 pm to DrrTiger
Posted on 10/7/25 at 6:11 pm to DrrTiger
quote:
got over a $100k in this thing between 2 kids with one needing theirs starting next year. I hope it’s still all there.
This is going to be a fantastic class action suit against the State of Louisiana.
0
Posted on 10/7/25 at 6:21 pm to soccer dad
quote:
But Louisiana won’t compensate affected residents
No. The people that can afford to put money away matter to these politicians. We're not talking SNAP recipients.
These are generally wealthy or upper middle class households. Maybe even middle middle class.
Basically we can all afford to cause a ruckus.
Posted on 10/7/25 at 6:26 pm to DiamondDog
I have a big investment in the 529 for my kids. Reading this thread freaks me out. Is this on the news at all?
Not even an email telling us we have a problem.
The more suppressed the info is, the more I worry.
Not even an email telling us we have a problem.
The more suppressed the info is, the more I worry.
Posted on 10/7/25 at 6:36 pm to Mariner
The one thing that will be kinda crazy is if the auto deposits still happen even if this is still going on. I have $300 total that goes to lofsa automatically on the 20th of the month. We will see what happens
Posted on 10/7/25 at 6:40 pm to jsk020
I would not be surprised if they keep taking the money. They are going to rob Peter to pay Paul.
Posted on 10/7/25 at 7:19 pm to jsk020
quote:
The one thing that will be kinda crazy is if the auto deposits still happen even if this is still going on
My deposit scheduled for the 1st has not gone in yet.
Posted on 10/7/25 at 7:40 pm to Mariner
The question is who is taking the money, the plan or some guy is Russia?
Posted on 10/7/25 at 8:14 pm to TigerintheNO
Posted on 10/7/25 at 8:16 pm to Y.A. Tittle
Can you move funds out of this type of account without any fees or penalties?
If so, where would you guys recommend keeping the $$$?
If so, where would you guys recommend keeping the $$$?
This post was edited on 10/7/25 at 8:17 pm
Posted on 10/7/25 at 8:26 pm to Ziggy
So basically they have no idea what’s going on. Typical Louisiana
Posted on 10/7/25 at 8:29 pm to Ziggy
My deposits on 9/25 went through.
I don’t even know my account balance as I don’t frequently log in. Kids are several years away from needing it. But I’m sure I have around $80k in there.
If this doesn’t get made right I’m accelerating my move to MS.
I don’t even know my account balance as I don’t frequently log in. Kids are several years away from needing it. But I’m sure I have around $80k in there.
If this doesn’t get made right I’m accelerating my move to MS.
Posted on 10/7/25 at 9:28 pm to jsk020
I guess it’s my fault for opening a 529 in a state run by idiots. I should’ve known better.
This is a shite show.
This is a shite show.
Posted on 10/8/25 at 6:26 am to Ldogg123
quote:
I guess it’s my fault for opening a 529 in a state run by idiots. I should’ve known better.
This is a shite show.
My sentiments exactly.
Posted on 10/8/25 at 6:45 am to Ldogg123
Not a single email has gone out to account holders letting them know what’s going on. My email to them from 2-3 days ago has not elicited a response.
Can you imagine a reputable financial institution handling it that way? No, because they would lose tons of customers.
Yet another example of why government-run programs mostly suck.
Can you imagine a reputable financial institution handling it that way? No, because they would lose tons of customers.
Yet another example of why government-run programs mostly suck.
Posted on 10/8/25 at 8:44 am to Ziggy
We moved ours to our Raymond James (with our other accounts) for simplicity. No penalties or fees because it was straight into another 529 plan.
Posted on 10/8/25 at 8:48 am to Rendevoustavern
quote:
Rendevoustavern
Roger that.
How difficult was it moving the money from LA 529 to RJ? How long did it take?
I'm seriously considering moving the $ after this fiasco.
Posted on 10/8/25 at 8:59 am to DrrTiger
quote:
Not a single email has gone out to account holders letting them know what’s going on. My email to them from 2-3 days ago has not elicited a response.
If it's a ransomware attack, the email server might still be shut down.
Tinfoil hat time; state legislators are meeting about it because they're trying to decide whether to pay the ransom.
Posted on 10/8/25 at 9:27 am to KamaCausey_LSU
The longer this goes, the more I become worried. Even an email or some kind of news response would be nice but the fact they are silent makes me think this is a really big deal with some potentially large consequences.
Regardless of all this, they have completely eroded the publics trust to begin using this or continue using this.
Regardless of all this, they have completely eroded the publics trust to begin using this or continue using this.
Posted on 10/8/25 at 9:38 am to LSUDbrous90
An email to the listed email address, START@laregents.edu, in the press release gives an automatic reply. Not going to hold my breath for them to respond.
quote:
Thank you for contacting the Louisiana Office of Student Financial Assistance (LOSFA). We are currently experiencing a high volume of requests. Please know that all START 529, K-12, and ABLE accounts are being actively monitored.
We are working to provide account holders with system access to view accounts and moving toward restoration of services as soon as possible. Our support team is working hard to resolve all requests as soon as possible. We apologize for the delay and will get back to you as quickly as we can.
LOSFA START Team
Media Advisory - Monday, October 6
Louisiana State Police, the Office of Technology Services (OTS), and the Governor’s Office of Homeland Security and Emergency Preparedness (GOHSEP) are continuing to work with the Louisiana Office of Student Financial Assistance (LOSFA) to fully and securely restore operations following an incident that required LOSFA to take its systems offline. LOSFA, the State Treasurer, and the relevant banks have closely monitored the START system throughout this interruption. All accounts are insured.
Educational institutions have been notified of the disruption to Louisiana’s 529 college savings program, START, and asked to work with all affected students to minimize any impact on educational services.
LOSFA is working to provide START account holders with access to the system to view their information as soon as possible. Additional updates will be provided, as appropriate.
If you have questions about your START account, please contact START@laregents.edu. For questions about any other LOSFA services, contact the Regents front office at 225-342-4253.
We thank everyone for their patience as we work diligently to fully and securely resolve this incident.
Posted on 10/8/25 at 9:46 am to KamaCausey_LSU
quote:
Tinfoil hat time; state legislators are meeting about it because they're trying to decide whether to pay the ransom.
The longer this goes, the less tinfoil hat that sounds and the more most logical conclusion it is.
Page 3 of 7
Popular
Back to top
Follow TigerDroppings for LSU Football News