education loan current after the loan is charged off, the loan shall be considered rehabilitated, and the lender or entity engaged in servicing such loan shall request that any consumer reporting agency to which the charge off was reported remove the delinquency that led to the charge off and the charge off from the borrower’s credit history. (B) Terms No private educational lender shall offer a borrower rehabilitation of loans where the payment required to rehabilitate a defaulted private education loan is less than the monthly payment amount required upon completion of rehabilitation.