Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Loan Rehabilitation: Reasonable and Affordable Payments
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a reinstatement with change of a previously approved information collection request (ICR).
Federal Student Aid (FSA), Department of Education (ED).
ACTION:
Notice.
SUMMARY:
In accordance with the Paperwork Reduction Act (PRA) of 1995, the Department is proposing a reinstatement with change of a previously approved information collection request (ICR).
DATES:
Interested persons are invited to submit comments on or before August 24, 2026.
ADDRESSES:
Written comments and recommendations for proposed information collection requests should be submitted within 30 days of publication of this notice. Click on this link
www.reginfo.gov/public/do/PRAMain
to access the site. Find this information collection request (ICR) by selecting “Department of Education” under “Currently Under Review,” then check the “Only Show ICR for Public Comment” checkbox.
Reginfo.gov
provides two links to view documents related to this information collection request. Information collection forms and instructions may be found by clicking on the “View Information Collection (IC) List” link. Supporting statements and other supporting documentation may be found by clicking on the “View Supporting Statement and Other Documents” link.
FOR FURTHER INFORMATION CONTACT:
For specific questions related to collection activities, please contact Carolyn Rose, 202-453-5967.
SUPPLEMENTARY INFORMATION:
The Department is especially interested in public comment addressing the following issues: (1) is this collection necessary to the proper functions of the Department; (2) will this information be processed and used in a timely manner; (3) is the estimate of burden accurate; (4) how might the Department enhance the quality, utility, and clarity of the information to be collected; and (5) how might the Department minimize the burden of this collection on the respondents, including through the use of information technology. Please note that written comments received in response to this notice will be considered public records.
Title of Collection:
Loan Rehabilitation: Reasonable and Affordable Payments.
OMB Control Number:
1845-0120.
Type of Review:
A reinstatement with change of a previously approved ICR.
Respondents/Affected Public:
Individuals and Households.
Total Estimated Number of Annual Responses:
139,000.
Total Estimated Number of Annual Burden Hours:
139,000.
Abstract:
This is a request for an reinstatement with change of the
( printed page 46416)
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.
Ross Santy,
Chief Data Officer, Office of Planning, Evaluation and Policy Development.
Use this for formal legal and research references to the published document.
91 FR 46415
Web Citation
Suggested Web Citation
Use this when citing the archival web version of the document.
“Agency Information Collection Activities; Submission to the Office of Management and Budget for Review and Approval; Comment Request; Loan Rehabilitation: Reasonable and Affordable Payments,” thefederalregister.org (July 23, 2026), https://thefederalregister.org/documents/2026-14932/agency-information-collection-activities-submission-to-the-office-of-management-and-budget-for-review-and-approval-comme.