Education Department Keeps Perkins Loan Forms Unchanged
Published Date: 5/27/2026
Notice
Summary
The Department of Education is asking to keep collecting info for the Federal Perkins Loan Program without changing the current process. This affects students, schools, and government groups who handle these loans. You have until June 26, 2026, to share your thoughts, and no new costs or big changes are planned.
Analyzed Economic Effects
3 provisions identified: 1 benefits, 2 costs, 0 mixed.
Schools and Agencies Keep Reporting Duties
The Department is requesting an extension without change of the information collection that affects private sector entities, individuals and households, and state, local, and tribal governments for administration of the Perkins Loan Program. The ICR lists 8,217,172 estimated annual responses and 149,369 annual burden hours, and the Department asks for public comments by June 26, 2026.
Perkins Loan Paperwork Continues
If you have a Federal Perkins Loan, the Department of Education will continue collecting the same borrower information under OMB Control Number 1845-0023. The collection is being extended without change, covers an estimated 8,217,172 annual responses and 149,369 annual burden hours, and the public comment deadline is June 26, 2026.
Data Used To Monitor School Loan Practices
The Department states the information collection is needed to monitor a school's due diligence in contacting Perkins borrowers about repayment, billing and collections, reimbursement to Perkins revolving funds, rehabilitation of defaulted loans, and use of third-party collections. This monitoring will continue under the existing regulations.
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