OMB control number
Loan Rehabilitation: Reasonable and Affordable Payments
OMB 1845-0120 ยท ED/FSA.
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 use 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 2026-06-30 and is listed under ICR 202302-1845-002.
Latest Forms, Documents, and Supporting Material
| Document | Type |
|---|---|
 Loan Rehabilitation: Reasonable and Affordable Payments Form | Form and Instruction |
| 1845-0120 60-Day Comment Response Table 20230509.docx | Supplementary Document |
| 1845-0120 Supporting Statement A 30D 2023.docx | Supporting Statement A |
 Loan Rehabilitation: Reasonable and Affordable Payments Form |
Form and Instruction |
All Historical Document Collections
| Reference | Filing | Received | Concluded | Action |
|---|---|---|---|---|
| 202302-1845-002 | Extension without change of a currently approved collection | 2023-05-15 | Approved without change | |
| 202001-1845-005 | Extension without change of a currently approved collection | 2020-04-02 | Approved without change | |
| 201612-1845-011 | Revision of a currently approved collection | 2017-03-09 | Approved without change | |
| 201402-1845-005 | New collection (Request for a new OMB Control Number) | 2014-02-20 | Approved without change | |
| 201307-1845-006 | New collection (Request for a new OMB Control Number) | 2013-07-30 | Comment filed on proposed rule |