Loan Rehabilitation: Reasonable and Affordable Payments

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Loan Rehabilitation Income and Expenses_1845-0120	Form and Instruction	Modified	Available
R_Loan Rehabilitation Income and Expenses_1845-0120.pdf	Supplementary Document	Uploaded 2026-04-28	Available
Supporting Statement_Loan Rehab_1845-0120 (2).docx	Supporting Statement A	Uploaded 2026-07-15	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
207947	Loan Rehabilitation: Reasonable and Affordable Payments Form	Form and Instruction	Modified	Loan Rehabilitation Income and Expenses_1845-0120

ICR Details

OMB Control No: 1845-0120	ICR Reference No: 202604-1845-017
Status: Received in OIRA	Previous ICR Reference No: 202302-1845-002
Agency/Subagency: ED/FSA	Agency Tracking No: ED-2026-SCC-1519
Title: Loan Rehabilitation: Reasonable and Affordable Payments
Type of Information Collection: Reinstatement with change of a previously approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/23/2026

table that charts list comparision

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	139,000	0
Time Burden (Hours)	139,000	0
Cost Burden (Dollars)	3,308,200	0

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Abstract: This is a request for an extension with change of the information collection for the form used to obtain standardized financial information from borrowers with defaulted Direct Loan (DL) or Federal Family Education Loan (FFEL) Program loans. This information is used by either the U.S. Department of Education (the Department) or a guaranty agency to make a determination of a reasonable and affordable monthly loan payment which if made according to the agreed schedule would afford defaulted borrowers an opportunity for loan rehabilitation. The One Big Beautiful Bill Act (OBBBA) signed into law on July 4, 2025, made statutory changes that require updates to the 1845-0120 Loan Rehabilitation: Reasonable and Affordable Payments collection. This revision to this information collection package reflect the statutory changes made by the OBBBA for the 2026-27 award year. The Department plans to submit another revision to this form for public comment next year to amend the form for changes that begin in the 2027-28 award year.

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Authorizing Statute(s): US Code: 20 USC 1078-6
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 24213	05/05/2026
30-day Notice:	Federal Register Citation:	Citation Date:
	91 FR 46415	07/23/2026
Did the Agency receive public comments on this ICR? Yes

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Loan Rehabilitation: Reasonable and Affordable Payments Form	NA	Loan Rehabilitation Income and Expenses_1845-0120

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ICR Summary of Burden

table that charts list of burden

	Total Request	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	139,000	0	0	0	0	139,000
Annual Time Burden (Hours)	139,000	0	0	0	0	139,000
Annual Cost Burden (Dollars)	3,308,200	0	0	3,308,200	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement:

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Annual Cost to Federal Government: $0

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 07/23/2026

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