Loan Rehabilitation: Reasonable and Affordable Payments

OMB 1845-0120

OMB 1845-0120

Borrowers who have defaulted on their Direct Loan or FFEL Program loans may remove those loans from default through a process called rehabilitation. Loan rehabilitation requires the borrower to make 9 payments within 10 months. The payment amount is set according to one of two formulas. The second of the two formulas uses the information that is collected in this form. The form makes it easier for borrowers to complete through simplified language, and easier for loan holders through a uniform, common format.

The latest form for Loan Rehabilitation: Reasonable and Affordable Payments expires 2023-06-30 and can be found here.


© 2024 OMB.report | Privacy Policy