Approval of Revised Forms
The Office of Management and Budget (OMB) has approved a revised version of the loan reaffirmation agreement under OMB Control Number 1845-0133. The revised version has an expiration date of July 31, 2021. The form is for use by borrowers who have inadvertently received a federal student loan in excess of the applicable annual or aggregate loan limit, but who wish to re-establish eligibility for Title IV aid.
The revised form is attached to this announcement.
Changes to the Forms
There are no substantive changes to the form. The only change is to update the expiration date of the form.
Implementation and Transition to the Revised Forms
FFEL Program participants may begin distributing the attached OMB-approved forms to borrowers immediately. Beginning November 1, 2019, only the revised versions of the form that is attached to this letter may be provided to borrowers. However, the previous versions of the form may continue to be accepted from borrowers and processed after that date.
To improve accessibility for visually impaired borrowers, we are providing the revised form only in PDF format. Loan holders, servicers, and guaranty agencies are responsible for ensuring that the form they use is identical to the attached OMB-approved form. No changes may be made to the form except as expressly provided below.
The loan holder, servicer, or guaranty agency must print the form on white paper with black ink. The typeface, point size, and general presentation of the form may not be changed from the attached version. Loan holders and servicers may use any blank spaces at the top, bottom, or sides of the form for bar coding or other loan holder-specific or servicer-specific information. Also, loan holders and servicers may pre-populate their contact information the appropriate sections of the form.
As a reminder, any form which has an expiration date in the past (meaning that the form is expired) remains valid for use until the Department publishes a new version of the form with an updated expiration date.