The Office of Management and Budget (OMB) has approved a revised version of the loan confirmation agreement under the control number OMB 1845-0133. The revised version has an expiration date of July 31, 2021. The form is intended for borrowers who have inadvertently received a federal student loan that exceeds the current annual or aggregate loan limit, but who wish to reinstate eligibility for Title IV. Step 2 – The service sends the student the confirmation agreement provided in this letter. The process described in DCL GEN-13-02 and summarized above remains valid. However, the confirmed agreement, to which it is referred in this process, will now be the new standardized confirmation agreement that is attached to this letter. Step 4 – The service sends the student confirmation that the confirmation agreement has been accepted. The student or service provides the university with a copy of the confirmation. Step 3 – The student reads, signs and returns to the Service of confirmation agreement.
The Office of Management and Budget (OMB) has approved the confirmation agreement attached under the control number OMB 1845-0133 with an expiration date of 30.06.2018. Credit holders, service providers and schools are encouraged to immediately begin using the attached form and are not allowed to submit another confirmation agreement to borrowers after March 30, 2016. Step 5 – The involuntary loan is considered resolved from the date the service receives the confirmation agreement signed by the student. Bipartisan Bill to Increase Transparency in Federal Student Loan System Introduced in the House Comment Request; Federal Direct Loan Program Regulations for Forbearance and Loan Rehabilitation NASFAA Mention: Some Experts Have a New Idea to Help Students Afford College: More Federal Loans Note that the student must have the school where the student is seeking title IV help, section 3 of the full form. Section 3 invites the school to determine which loans or loans are the cause of the disposal and how much the loan is. FFEL participants can immediately begin distributing OMB-approved joint forms to borrowers. As of November 1, 2019, only revised versions of the form attached to this letter can be made available to borrowers. However, earlier versions of the form may continue to be accepted by borrowers and processed after that date.