New Federal Student Loan Rehabilitation Rules Allow Borrowers Two Chances

Starting July 1, 2027, borrowers will be allowed to rehabilitate their defaulted federal student loans twice under the One Big Beautiful Bill Act (OBBBA). Previously, rehabilitation was only permitted once. This change aims to help approximately 9 million borrowers in default as of March 2026 by offering a second opportunity to bring their loans into good standing.

By K Kat Tretina Fri, June 26, 2026 at 1:47 AM GMT+3 5 min read · Yahoo Finance · June 25, 2026, 22:47 UTC

Topics: defaulted borrowers federal student loans loan rehabilitation

Read the full article at Yahoo Finance

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