Ed Dept Tweaks Student Loan Data Forms for Servicers
Published Date: 4/7/2026
Notice
Summary
The Department of Education wants to update how it collects info from companies and groups that help manage student loans. This change affects private businesses, individuals, and government agencies, and aims to make data collection clearer and easier. People have until May 7, 2026, to share their thoughts, and the update is expected to keep paperwork light with just 48 hours of total yearly effort.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Stronger Oversight of Title IV Servicers
The collected Third-Party Servicer data will be used to identify institutions that fail to report or incorrectly report servicer information, to monitor and enforce annual audit requirements, to identify other organizations contracting with servicers, and to coordinate program review assessments under Title IV (34 CFR 668.2).
Paperwork for Third-Party Servicers
The Department of Education is reinstating and changing its Third-Party Servicer Data Collection. The collection covers 75 annual responses with a total estimated burden of 48 hours per year, and the public may comment by May 7, 2026.
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