Publication Date: July 21, 2017
Subject: OMB-Approval of the Loan Rehabilitation Income and Expense Information Form
Summary: The letter announces the availability of the Loan Rehabilitation Income and Expense Information form for use by participants in the Direct Loan and Federal Family Education Loan (FFEL) programs.
The Office of Management and Budget (OMB) has approved the attached Loan Rehabilitation Income and Expense Information form under OMB Control Number 1845-0120. The expiration date of the revised form is May 31, 2020 and replaces the previous version of the form with an expiration date of March 31, 2017.
Loan holders and servicers may begin utilizing the attached OMB-approved form immediately. The previous version of form with the expiration date March 31, 2017 may continue to be distributed until November 31, 2017. Beginning December 1, 2017, only the revised form may be distributed. However, the previous version of the form may continue to be accepted after December 1, 2017.
No substantive changes were made to the form. However, we have modified some language to provide for greater clarity for defaulted borrowers who complete the form.
The form is provided only in PDF format. Guaranty agencies are responsible for ensuring that the form they use is the form approved by OMB. No changes may be made to the form except as expressly provided below.
The form must be printed with black ink on white paper. The typeface, point size, and general presentation of the form may not be changed from the version approved by OMB. Any blank spaces at the top, bottom, or sides of the form may be used for bar coding or other information. In addition, contact and submission information can be pre-populated in the section of the form designed for that purpose.
Jeff Baker, Director
Policy Liaison and Implementation
Federal Student Aid
Publication Date: 7/24/2017