2026-12318NoticeWallet

Education Updates Loan Forbearance Reporting Rules

Published Date: 6/18/2026

Notice

Summary

The Department of Education is updating how it collects info about student loan forbearance and loan rehab rules. If you have a federal direct loan, these changes might affect you, especially how you apply for breaks or fix your loan status. The public can share their thoughts by July 20, 2026, so get ready to weigh in!

Analyzed Economic Effects

2 provisions identified: 1 benefits, 0 costs, 1 mixed.

Revised Forms for Forbearance and Rehabilitation

If you have a federal Direct Loan, the Department is revising its information collection for forbearance and loan rehabilitation (OMB Control Number 1845-0119) to implement provisions of the One Big Beautiful Bill Act (signed July 4, 2025) and the Final Rule published May 1, 2026. The notice reports the revised collection covers an estimated 1,238,097 annual responses and 4,543,816 annual burden hours for individuals and households.

New Online Loan Rehabilitation Portal

If you have a federal Direct Loan and need loan rehabilitation, the Department of Education is introducing a new, simpler online portal for borrowers seeking rehabilitation. The change is intended to make it easier to use the loan-rehabilitation process online.

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Key Dates

Published Date
6/18/2026

Department and Agencies

Department
Independent Agency
Agency
Education Department
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