,i #aadth ,,congress #b;d ,session ,h4 ,r4 #dfeb ,,in ,,the ,,house ,,of ,,representatives ,february #bi1 #bjaf ,mr4 ,takai 7for himself1 ,ms4 ,judy ,chu of ,california1 ,mr4 ,honda1 ,ms4 ,norton1 ,mr4 ,brady of ,pennsylvania1 ,ms4 ,clarke of ,new ,york1 ,mr4 ,brendan ,f4 ,boyle of ,pennsylvania1 ,ms4 ,moore1 ,mr4 ,pallone1 ,ms4 ,lee1 ,mr4 ,ted ,lieu of ,california1 ,mrs4 ,watson ,coleman1 ,mr4 ,nolan1 ,ms4 ,schakowsky1 ,mr4 ,rangel1 and ,ms4 ,jackson ,lee7 introduced the following bill2 which was referred to the ,committee on ,education and the ,workforce1 and in addition to the ,committee on ,ways and ,means1 for a period to be subsequently determined by the ,speaker1 in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned ,a ,,bill ,to amend the ,higher ,education ,act of #aife to codify the ,revised ,pay ,as ,you ,earn ,repayment plan1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,clarity in ,lending for ,education and ,repayment ,act or the ,,clear ,act4 #b4 ,streamlining repayment plans for new borrowers ,section #dee of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7 is amended by striking subsection 7d7 and inserting the following3 7d7 ,repayment plans 7#a7 ,design and selection for borrowers before ,july #a1 #bjaf ,with respect to a borrower of a loan made under this part before ,july #a1 #bjaf1 and consistent with criteria established by the ,secretary1 the ,secretary shall offer such borrower a variety of plans for repayment of such loan1 including principal and interest on the loan4 ,the borrower shall be entitled to accelerate1 without penalty1 repayment on the borrower's loans under this part4 ,the borrower may choose-- 7,a7 a standard repayment plan1 consistent with subsection 7a77#a7 of this section and with section #dbh7;b77#i77;,a77i72 7,b7 a graduated repayment plan1 consistent with section #dbh7;b77#i77;,a77ii72 7,c7 an extended repayment plan1 consistent with section #dbh7;b77#i77;,a77iv71 except that the borrower shall annually repay a minimum amount determined by the ,secretary in accordance with section #dbh7;b77#a77,l72 7,d7 an income contingent repayment plan1 with varying annual repayment amounts based on the income of the borrower1 paid over an extended period of time prescribed by the ,secretary1 not to exceed #be years1 except that the plan described in this subparagraph shall not be available to the borrower of a ,federal ,direct ,,plus loan made on behalf of a dependent student2 and 7,e7 an income-based repayment plan that enables borrowers who have a partial financial hardship to make a lower monthly payment in accordance with section #dic;,c1 except that the plan described in this subparagraph shall not be available to the borrower of a ,federal ,direct ,,plus ,loan made on behalf of a dependent student or a ,federal ,direct ,consolidation ,loan1 if the proceeds of such loan were used to discharge the liability on such ,federal ,direct ,,plus ,loan or a loan under section #dbh;,b made on behalf of a dependent student4 7#b7 ,design and selection for new borrowers on or after ,july #a1 #bjaf ,the ,secretary shall offer a borrower of a loan made under this part on or after ,july #a1 #bjaf1 the following plans for repayment of such loan1 including principal and interest on the loan4 ,the borrower shall be entitled to accelerate1 without penalty1 repayment on the borrower's loans under this part4 ,the borrower may choose-- 7,a7 a standard repayment plan1 consistent with subsection 7a77#a7 of this section and with section #dbh7;b77#i77;,a77i72 or 7,b7 a revised pay-as-you-earn repayment plan1 consistent with section #dfa1 except the plan described in this subparagraph shall not be available to a borrower of a ,federal ,direct ,,plus ,loan made on behalf of a dependent student1 a ,federal ,direct ,consolidation ,loan1 if the proceeds of such loan were used to discharge the liability on such ,federal ,direct ,,plus ,loan or a loan under section #dbh;,b made on behalf of a dependent student4 7#c7 ,borrower non-selection ,if a borrower of a loan made under this part does not select a repayment plan described in paragraph 7#a7 or 7#b71 the ,secretary may provide the borrower with a repayment plan described in subparagraph 7,a71 7,b71 or 7,c7 of paragraph 7#a7 for borrowers before ,july #a1 #bjaf1 or a repayment plan described in paragraph 7#b77;,a7 for new borrowers on or after ,july #a1 #bjaf4 7#d7 ,changes in selections ,the borrower of a loan made under this part may change the borrower's selection of a repayment plan under paragraph 7#a7 or 7#b71 or the ,secretary's selection of a plan for the borrower under paragraph 7#c71 as the case may be1 under such terms and conditions as may be established by the ,secretary4 7#e7 ,alternative repayment plans ,the ,secretary may provide1 on a case by case basis1 an alternative repayment plan to a borrower of a loan made under this part on or after ,july #a1 #bjaf1 who demonstrates to the satisfaction of the ,secretary that the terms and conditions of the repayment plans available under paragraph 7#b7 are not adequate to accommodate the borrower's exceptional circumstances4 ,upon request1 the ,secretary shall make available for such borrowers repayment plans described in subparagraphs 7,b7 and 7,c7 of paragraph 7#a74 ,in designing such alternative repayment plans1 the ,secretary shall ensure that such plans do not exceed the cost to the ,federal ,government1 as determined on the basis of the present value of future payments by such borrowers1 of loans made using the plans available under paragraph 7#b74 7#f7 ,repayment after default ,for any borrower who has defaulted on a loan made under this part1 the ,secretary-- 7,a7 may require the borrower to pay all reasonable collection costs associated with such loan2 and 7,b7 if such loan was made-- 7i7 to any borrower who1 before ,july #a1 #bjaf1 had an outstanding balance on a student loan made1 insured1 or guaranteed under this part or part ,b1 may require the borrower to repay the loan pursuant to an income contingent repayment plan1 as described in paragraph 7#a77;,d71 or an income-based repayment plan1 as described in paragraph 7#a77;,e72 or 7ii7 to a new borrower 7as defined in section #dic;,e7a77#e771 may provide the borrower the option to enroll in the repayment plan described in paragraph 7#b77;,b74 7#g7 ,applicability provision 7,a7 ,in general ,except as provided in paragraph 7#e7 and subparagraph 7,b71 the repayment plans under subparagraphs 7,b71 7,c71 7,d71 and 7,e7 of paragraph 7#a7 are not available for a borrower who received the borrower's first disbursement of a ,federal ,direct ,loan on or after ,july #a1 #bjaf4 7,b7 ,exception ,the repayment plans available to a borrower of a ,federal ,direct ,,plus ,loan made on behalf of a dependent student or a ,federal ,direct ,consolidation ,loan whose proceeds were used to discharge the liability of a ,federal ,direct ,,plus ,loan made on behalf of a dependent student or a loan under section #dbh;,b made on behalf of a dependent student on or after ,july #a1 #bjaf1 shall be those described under subparagraphs 7,a71 7,b71 and 7,c7 of paragraph 7#a74 4 #c4 ,,repaye ,part ,d of title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;a et seq47 is amended by adding at the end the following3 #dfa4 ,,repaye 7a7 ,definitions 7#a7 ,covered ,federal ,direct ,loan ,the term covered ,federal ,direct ,loan means a ,federal ,direct ,stafford ,loan1 a ,federal ,direct ,unsubsidized ,stafford ,loan1 a ,federal ,direct ,consolidation ,loan 7other than an excepted consolidation loan71 or a ,federal ,direct ,,plus ,loan 7other than an excepted plus loan7 made under this part4 7#b7 ,new borrower ,the term new borrower means a borrower who-- 7,a7 as of ,july #a1 #bjaf1 has no outstanding balance on a student loan made1 insured1 or guaranteed under part ,b or ,d2 or 7,b7 has no outstanding balance on a student loan made1 insured1 or guaranteed under part ,b or ,d on the date the borrower receives a loan made under part ,d on or after ,july #a1 #bjaf4 7#c7 ,excepted plus loan2 excepted consolidation loan ,the terms excepted plus loan and excepted consolidation loan have the meanings given such terms in section #dic;,c4 7#d7 ,income-driven calculation 7,a7 ,in general ,the term income-driven calculation-- 7i7 when used with respect to an unmarried borrower #aj percent of the result obtained by calculating1 on at least an annual basis1 the amount by which-- 7,i7 the borrower's adjusted gross income1 as defined by the ,secretary2 exceeds 7,,ii7 #aej percent of the poverty line applicable to the borrower's family size as determined under section #fgc7b7 of the ,community ,services ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b772 and 7ii7 subject to subparagraph 7,b71 when used with respect to a married borrower-- 7,i7 the difference between the borrower's and borrower's spouse's adjusted gross income1 as defined by the ,secretary2 exceeds 7,,ii7 #aej percent of the poverty line applicable to the borrower's family size as determined under section #fgc7b7 of the ,community ,services ,block ,grant ,act 7#db ,u4,s4,c4 #iijb7b774 7,b7 ,exception for certain married borrowers ,the income-driven calculation under subparagraph 7,a77i7 shall apply to a married borrower who certifies1 on a form approved by the ,secretary that the borrower is-- 7i7 separated from the borrower's spouse2 or 7ii7 unable to reasonably access the income information of the borrower's spouse4 7b7 ,revised ,pay ,as ,you ,earn ,repayment ,plan ,authorized ,notwithstanding any other provision of this ,act1 the ,secretary shall carry out a program for new borrowers that meets the following requirements3 7#a7 ,monthly payment amount ,except as otherwise provided in this subsection1 a new borrower of any covered ,federal ,direct ,loan may elect to have the borrower's aggregate monthly payment for all such loans not to exceed the result of the income-driven calculation divided by #ab4 7#b7 ,adjusted monthly payment amount ,the ,secretary adjusts the aggregate monthly payment under paragraph 7#a71 if-- 7,a7 in addition to covered ,federal ,direct ,loans1 the borrower has an outstanding loan made under part ,b 7other than an excepted ,,plus ,loan or an excepted consolidation loan71 in which case the ,secretary determines the borrower's adjusted monthly payment by multiplying the aggregate monthly payment by the percentage of the total outstanding principal amount of the borrower's covered ,federal ,direct ,loans2 7,b7 the borrower and borrower's spouse have covered ,federal ,direct ,loans and outstanding loans under part ,b 7other than an excepted ,,plus ,loan or an excepted consolidation loan71 in which case the ,secretary determines-- 7i7 each borrower's percentage of the couple's total outstanding amount of principal on such loans2 7ii7 the adjusted monthly payment for each borrower by multiplying the borrower's aggregate monthly payment by the percentage determined under clause 7i7 applicable to the borrower2 and 7iii7 if the borrower's loans are held by multiple holders1 the borrower's adjusted monthly payment for covered ,federal ,direct ,loans by multiplying the adjusted monthly payment determined under clause 7ii7 by the percentage of the total outstanding principal amount of the borrower's covered ,federal ,direct ,loans2 7,c7 the calculated monthly payment amount under paragraph 7#a7 or this paragraph is less than #e4jj1 in which case the borrower's monthly payment is #j4jj2 or 7,d7 the calculated monthly payment amount under paragraph 7#a7 or this paragraph or is equal to or greater than #e4jj but less than #aj4jj1 in which case the borrower's monthly payment is #aj4jj4 7#c7 ,accrued interest 7,a7 ,in general ,if the borrower's monthly payment amount under paragraph 7#a7 or 7#b7 is not sufficient to pay the accrued interest on the borrower's loan-- 7i7 for a ,federal ,direct ,stafford ,loan or the portion of a ,federal ,direct ,consolidation ,loan attributable to a ,federal ,direct ,stafford ,loan-- 7,i7 the ,secretary does not charge the borrower the remaining accrued interest for a period not to exceed #c consecutive years beginning at the start of repayment period on such loan under this repayment plan2 and 7,,ii7 after the three-year period1 the ,secretary charges the borrower #ej percent of the remaining accrued interest on such loan or such portion of a ,federal ,direct ,consolidation ,loan2 and 7ii7 for a ,federal ,direct ,unsubsidized ,stafford ,loan1 a ,federal ,direct ,,plus ,loan made to a graduate or professional student1 or the portion of a ,federal ,direct ,consolidation ,loan attributable to a ,federal ,direct ,unsubsidized ,stafford ,loan1 or for a ,federal ,direct ,subsidized ,loan or the portion of a ,federal ,direct ,consolidation ,loan attributable to a ,federal ,direct ,stafford ,loan for which the borrower has become responsible for accruing interest in accordance with section #dee7q77#b71 the ,secretary charges the borrower #ej percent of the remaining accrued interest4 7,b7 ,three-year period defined ,the three-year period described in subparagraph 7,a77i7 does not include any period during which the borrower receives an economic hardship deferment4 7,c7 ,capitalization of accrued interest 7i7 ,timing ,accrued interest is capitalized at the time a borrower leaves the program under this section4 7ii7 ,capitalization 7,i7 ,limitation ,the amount of accrued interest capitalized under clause 7i77,i7 is limited to #aj percent of the original principal balance at the time the borrower entered repayment under the plan under this section4 7,,ii7 ,participation ,after the amount of accrued interest reaches the limit described in subclause 7,i71 interest continues to accrue1 but is not capitalized while the borrower participates in the plan under this section4 7#d7 ,postponement of principal payment ,if the borrower's monthly payment amount is not sufficient to pay any of the principal due1 the payment of that principal is postponed until the borrower leaves the plan under this section4 7#e7 ,selection of different repayment plan ,a borrower who no longer wishes to repay under the plan under this section may change to a standard repayment plan in accordance with section #dee7;d77#c74 7#f7 ,payment application and prepayment 7,a7 ,in general ,the ,secretary applies any payment made under the program under this section in the following order3 7i7 ,accrued interest4 7ii7 ,collection costs4 7iii7 ,late charges4 7iv7 ,loan principal4 7,b7 ,prepayment authorized ,the borrower may prepay all or part of a loan at any time without penalty1 as authorized under section #dee7;d77#a74 7,c7 ,application of prepayment ,if the prepayment amount equals or exceeds-- 7i7 a monthly payment amount of #aj4jj or more under the repayment schedule established for the loan1 the ,secretary applies the prepayment consistent with the requirements of section #dee7;d77#a72 or 7ii7 a monthly payment amount of #j4jj under the repayment schedule established for the loan1 the ,secretary applies the prepayment consistent with the requirements of subparagraph 7,a74 7#g7 ,eligibility documentation1 verification1 and notifications 7,a7 ,documentation 7i7 ,,agi ,the ,secretary requires the borrower to provide documentation1 acceptable to the ,secretary1 of the borrower's adjusted gross income4 7ii7 ,other documentation ,if the borrower's adjusted gross income is not available1 or if the ,secretary believes that the borrower's reported adjusted gross income does not reasonably reflect the borrower's current income1 the borrower must provide other documentation to verify income4 7iii7 ,family size ,unless otherwise directed by the ,secretary1 the borrower must annually certify the borrower's family size4 ,if the borrower fails to certify family size1 the ,secretary assumes a family size of one for the applicable year4 7,b7 ,notifications 7i7 ,in general ,each year that the borrower participates in the program under this section1 the ,secretary sends the borrower a written notification that provides the borrower with-- 7,i7 the borrower's monthly payment amount1 as calculated under paragraph 7#a7 or 7#b71 and the time period during which such monthly payment amount will apply 7annual payment period72 7,,ii7 information about the requirement for the borrower to annually provide the information described in subparagraph 7,a71 and an explanation that the borrower will be notified in advance of the date by which the ,secretary must receive this information2 7,,iii7 an explanation of the consequences1 as described under subparagraph 7,e71 if the borrower does not provide the required information2 and 7,,iv7 information about the borrower's option to request1 at any time during the borrower's annual payment period1 that the ,secretary recalculate the borrower's monthly payment amount if the borrower's financial circumstances have changed and the income amount that was used to calculate the borrower's current monthly payment no longer reflects the borrower's current income4 7ii7 ,recalculation ,if the ,secretary recalculates the borrower's monthly payment amount based on the borrower's request1 the ,secretary sends the borrower a written notification that includes the information described in this subparagraph4 7,c7 ,subsequent years 7i7 ,in general ,for each year following the first year in which a borrower participating in the plan under this section1 the ,secretary notifies the borrower in writing of the requirements of subparagraph 7,a7 not later than #fj days and not earlier than #ij days prior to the date specified in clause 7ii77,i74 7ii7 ,contents ,the notification under clause 7i7 shall provide the borrower with-- 7,i7 the date1 no earlier than #ce days before the end of the borrower's annual payment period1 by which the ,secretary must receive all of the documentation described in subparagraph 7,a7 7annual deadline72 and 7,,ii7 the consequences if the ,secretary does not receive the information within #aj days following the annual deadline specified in the notice1 as described under subparagraph 7,e74 7,d7 ,no documentation provided ,if a borrower who is currently repaying under the standard repayment plan elects the plan under this section but does not provide the documentation described in subparagraph 7,a71 the borrower remains on such standard repayment plan4 7,e7 ,alternate repayment plan 7i7 ,in general ,if a borrower who is currently repaying under the plan under this section elects to participate in such program for a subsequent year but the ,secretary does not receive the documentation described in subparagraph 7,a7 not later than #aj days after the specified annual deadline1 the ,secretary removes the borrower from the plan and places the borrower on an alternative repayment plan under which the borrower's required monthly payment is the amount necessary to repay the borrower's eligible loans in full within the earlier of-- 7,i7 #aj years from the date the borrower begins repayment under the alternative repayment plan2 or 7,,ii7 the ending date of the #bj-year period as described in paragraph 7#h77;,a77i77,,ii74 7ii7 ,notification ,if the ,secretary places the borrower on an alternative repayment plan in accordance with clause 7i71 the ,secretary sends the borrower a written notification informing the borrower that-- 7,i7 the borrower has been placed on an alternative repayment plan2 7,,ii7 the borrower's monthly payment amount has been recalculated under clause 7i72 and 7,,iii7 the borrower may change to the standard repayment plan in accordance with section #dee7;d77#c74 7iii7 ,return to program ,a borrower who has been removed from the plan under this section or changes to the standard repayment plan may return to the plan under this section if the borrower provides the documentation under subparagraph 7,a71 necessary for the ,secretary to calculate the borrower's current monthly payment amount and the monthly amount the borrower would have been required to pay under the plan during the period when the borrower was on the alternative repayment plan or the standard repayment plan4 7iv7 ,adjustment of monthly payment amount ,if the ,secretary determines that the total amount of the payments the borrower was required to make while on the alternative repayment plan or the standard repayment plan are less than the total amount the borrower would have been required to make under the program during that period1 the ,secretary will adjust the borrower's monthly payment amount to ensure that the difference between the two amounts is paid in full by the end of the #bj-year period described in paragraph 7#h77;,a77i77,,ii74 7v7 ,application of loan forgiveness ,if the borrower returns to the plan under this section1 any payments that the borrower made under the alternative repayment plan after the borrower was removed from the plan shall count towards forgiveness under the plan under this section4 7vi7 ,,pslf ,payments made under the alternative repayment plan described in clause 7i7 will not count towards public service loan forgiveness under section #dee7m74 7vii7 ,exception ,the ,secretary does not take the action described in clause 7i7 if the ,secretary receives the documentation described in subparagraph 7,a7 more than #aj days after the specified annual deadline1 but is able to determine the borrower's new monthly payment amount before the end of the borrower's current annual payment period4 7viii7 ,monthly payment amount ,if the ,secretary receives the documentation described in subparagraph 7,a7 within #aj days of the specified annual deadline-- 7,i7 the ,secretary promptly determines the borrower's new scheduled monthly payment amount and maintains the borrower's current scheduled monthly payment amount until the new scheduled monthly payment amount is determined2 7,,ii7 if the new monthly payment amount is less than the borrower's previously calculated plan monthly payment amount1 and the borrower made payments at the previously calculated amount after the end of the most recent annual payment period-- 7aa7 the ,secretary makes the appropriate adjustment to the borrower's account2 and 7bb7 unless the borrower requests otherwise1 the ,secretary applies the excess payment amounts made after the end of the most recent annual payment period in accordance with the requirements of paragraph 7#f77;,a72 7,,iii7 if the new monthly payment amount is equal to or greater than the borrower's previously calculated monthly payment amount1 and the borrower made payments at the previously calculated payment amount after the end of the most recent annual payment period1 the ,secretary does not make any adjustment to the borrower's account2 7,,iv7 any payments that the borrower continued to make at the previously calculated payment amount after the end of the prior annual payment period and before the new monthly payment amount is calculated are considered to be qualifying payments for purposes of public service loan forgiveness under section #dee7m71 provided that the payments otherwise meet the requirements described in such section #dee7m72 and 7,v7 the new annual payment period begins on the day after the end of the most recent annual payment period4 7#h7 ,loan forgiveness 7,a7 ,in general 7i7 ,cancellation ,the ,secretary cancels any remaining outstanding balance of principal and accrued interest on a borrower's covered ,federal ,direct ,loans that are being repaid under the plan under this section after-- 7,i7 the borrower has made the equivalent of #bdj qualifying monthly payments as defined in subparagraph 7,b72 and 7,,ii7 #bj years have elapsed1 beginning on the date determined in accordance with subparagraph 7,c74 7ii7 ,determination ,the ,secretary determines when a borrower has met the loan forgiveness requirements under clause 7i7 and does not require the borrower to submit a request for loan forgiveness4 7,b7 ,qualifying monthly payment defined 7i7 ,in general ,for purposes of this paragraph1 a qualifying monthly payment is-- 7,i7 a monthly payment under the plan under this section1 including a monthly payment amount of #j4jj1 as provided under paragraph 7#b77;,c72 7,,ii7 a monthly payment made under the standard repayment plan under section #dee7;d77#b77;,a72 or 7,,iii7 a month during which the borrower was not required to make a payment due to receiving an economic hardship deferment on the borrower's covered ,federal ,direct ,loans4 7ii7 ,defaulted loans excluded ,any payments made on a defaulted loan are not qualifying monthly payments and are not counted toward the #bj-year forgiveness period4 7,c7 ,determination of beginning date ,for a borrower who qualifies for the program under this section1 the beginning date for the #bj-year repayment period is-- 7i7 for a borrower who has a ,federal ,direct ,consolidation ,loan1 the date the borrower made a qualifying monthly payment on the consolidation loan1 before the date the borrower qualified for the program plan under this section2 7ii7 for a borrower who has one or more other covered ,federal ,direct ,loans1 the date the borrower made a qualifying monthly payment on that loan1 before the date the borrower qualified for the plan under this section2 7iii7 for a borrower who did not make a qualifying monthly payment under clause 7i7 or 7ii71 the date the borrower made a payment on the borrower's covered ,federal ,direct ,loans under the plan under this section2 7iv7 if the borrower consolidates the borrower's loans under this title1 the date the borrower made a qualifying monthly payment on the ,federal ,direct ,consolidation ,loan2 or 7v7 if the borrower did not make a qualifying monthly payment on the loan under clauses 7i7 through 7iv71 the date the borrower made a payment on the loan under the plan under this section4 7,d7 ,notification 7i7 ,prior to loan cancellation ,not later than #f months prior to the anticipated date that the borrower will meet the forgiveness requirements1 the ,secretary sends the borrower a written notice that includes-- 7,i7 an explanation that the borrower is approaching the date that the borrower is expected to meet the requirements to receive loan forgiveness2 7,,ii7 a reminder that the borrower must continue to make the borrower's scheduled monthly payments2 and 7,,iii7 general information on the current treatment of the forgiveness amount for tax purposes1 and instructions for the borrower to contact the ,internal ,revenue ,service for more information4 7ii7 ,after loan cancellation ,after determining that a borrower has satisfied the loan forgiveness requirements1 the ,secretary-- 7,i7 notifies the borrower that the borrower's obligation on the loans is satisfied2 7,,ii7 provides the borrower with the information described in clause 7i77,,iii72 and 7,,iii7 returns to the sender any payment received on a loan after loan forgiveness has been granted4 4 #d4 ,disclosures ,section #dee7p7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7p77 is amended-- 7#a7 by striking ,each institution and inserting the following3 7#a7 ,in general ,each institution 2 and 7#b7 ,consultation ,the ,secretary shall regularly consult with current and prospective college students1 family members of such students1 institutions of higher education1 and other experts to improve the usefulness and relevance of the disclosures described in paragraph 7#a74 4 #e4 ,exclusion of certain student loan discharge by reason of death or disability 7a7 ,in general ,section #ajh7;f77#a7 of the ,internal ,revenue ,code of #aihf is amended-- 7#a7 by striking the period at the end and inserting 1 or1 7#b7 by striking if such discharge was pursuant to a provision and inserting the following3 if such discharge was pursuant to-- 7,a7 a provision 1 and 7#c7 by adding at the end the following3 7,b7 section #dcg7;a7 of the ,higher ,education ,act of #aife4 4 7b7 ,effective date ,the amendments made by this section shall apply to discharges of indebtedness after the date of the enactment of this ,act4