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FINANCIALDISCLOSUREFORREASONABLEANDAFFORDABLE REHABILITATIONPAYMENTS OMBNo.18450120 FormApproved Exp.Date03/31/2017 WilliamD.FordFederalDirectLoan(DirectLoan)Program FederalFamilyEducationLoan(FFEL)Program.

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Related content

Federal Student Aid - IFAP ... - US Department of...
Jul 17, 2020 — ... responsible for ensuring that the form they use is the form approved...
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loan rehabilitation: income and expense...
Items 10 - 20 — Education Loan (FFEL) Program. OMB No. 1845-0120. Form Approved. Exp...
Learn more
Federal Student Aid - IFAP ... - US Department of...
Jul 17, 2020 — ... responsible for ensuring that the form they use is the form approved...
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How much will my credit score increase after the student loan default is removed? Borrowers have shared that their credit scores increased by 75 points after the student loan default status was removed from their credit reports. FICO score increased 57-74 points. FICO score increased by 75 points.

Once you've contacted your federal loan servicer and it's determined that you're eligible for rehabilitation, you'll receive a written rehabilitation agreement within 15 days. If you agree, you'll sign and return the agreement. You'll have 10 consecutive months to make your required payments.

Required Documentation Copies of your two most recent pay stubs (they must be dated within the past 90 days). Signed copy of your federal 1040 tax return for the most recent tax year (both pages) or a tax transcript form provided by the IRS (no signature required); you can request your tax transcript online.

The PSLF Program forgives the remaining balance on your Direct Loan after you've made the equivalent of 120 qualifying monthly payments while working full time for a qualifying employer.

Complete rehabilitation by making on-time payments after the payment suspension ends. You need to make nine on-time monthly payments (or payment credits) in order to successfully complete loan rehabilitation. During the COVID-19 emergency relief period, paused payments count toward loan rehabilitation.

Loan rehabilitation is the process in which a borrower may bring a student loan out of default by adhering to specified repayment requirements. This process is different and separate from Reinstatement of Title IV Eligibility.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232