,i  #aaf? ,,congress  #a/ ,session  ,h4 
,r4 #ccec  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,june #ai1 #bjai,ms4  
,fudge introduc$ ! foll[+ bill2 :i* 0   
ref]r$ to ! ,committee on ,education &  
,labor  ,a ,,bill  ,to am5d ! ,high]    
,education ,act ( #aife to include ,p>5t
 ,,plus loans 9 income-cont+5t &        
income-bas$ repaym5t plans1 & = o!r     
purposes4  #a4 ,%ort title ,?is ,act may
 be cit$ z ! ,p>5t ,,plus ,loan         
,improvem5t ,act ( #bjai4  #b4          
,applicable rate ( int]e/ = ,,plus      
,loans ,section #dee7;b77#h7 ( ! ,high] 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajhg;e7b77#h77 is am5d$--  7#a7 9      
subp>agraph 7,c71 by ins]t+ & be=e ,july
 #a1 #bjai1 aft] 1 #bjac12 &  7#b7 by   
add+ at ! end ! foll[+3  7,g7 ,r$uc$    
rate = ,p>5t ,,plus loans ,not)/&+ !    
prec$+ p>agraphs ( ?is subsection1 =    
,f$]al ,direct ,,plus ,loans made on    
behalf ( a dep5d5t /ud5t = :i* ! fir/   
disbursem5t is made on or aft] ,july #a1
 #bjai1 ! applicable rate ( int]e/ %all 

be det]m9$ "u subp>agraph 7,c7 ( ?is    
p>agraph--  7i7 by sub/itut+ #c4f p]c5t 
= #d4f p]c5t2 &  7ii7 by sub/itut+ #i4e 
p]c5t = #aj4e p]c5t4  4  #c4 ,elim9ation
 ( orig9ation fee = ,p>5t ,,plus loans  
,section #dee7;c7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4 #ajhg;e7c77 
is am5d$ by add+ at ! end ! foll[+ new  
p>agraph3  7#c7 ,,plus loans ,) respect 
to ,f$]al ,direct ,,plus loans made on  
behalf ( a dep5d5t /ud5t = :i* ! fir/   
disbursem5t ( pr9cipal is made on or    
aft] ,july #a1 #bjai1 p>agraph 7#a7 %all
 be appli$ by sub/itut+ #j4j p]c5t =    
#d4j p]c5t4  4  #d4 ,c\nsel+ = ,p>5t    
,,plus borr[]s ,section #dhe ( ! ,high] 
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajib7 is am5d$ by add+ at ! end !      
foll[+3  7n7 ,c\nsel+ = p>5t ,,plus     
borr[]s  7#a7 ,9 g5]al ,! ,secret>y1    
prior to disbursem5t ( a ,f$]al ,direct 
,,plus loan made on behalf ( a dep5d5t  
/ud5t1 %all ensure t ! borr[] receives  
compreh5sive in=mation on ! t]ms &      
conditions ( ! loan & ! responsibilities

 ! borr[] has ) respect to su* loan4    
,su* in=mation--  7,a7 %all be provid$  
?r\gh ! use ( int]active programs t use 
me*anisms to *eck ! borr[]'s und]/&+ ( !
 t]ms & conditions ( ! borr[]'s loan1   
us+ simple & und]/&able language & cle> 
=matt+2 &  7,b7 %all be provid$-- 7i7   
dur+ a c\nsel+ session conduct$ 9 p]son2
 or  7ii7 onl9e4  7#b7 ,in=mation to be 
provid$ ,! in=mation to be provid$ to ! 
borr[] "u p>agraph 7#a7 %all include !  
foll[+3  7,a7 ,in=mation on h[ int]e/   
accrues & is capitaliz$ dur+ p]iods :5 !
 int]e/ is n paid by ! borr[]4  7,b7 ,an
 explanation ( :5 loan repaym5t beg9s1 (
 ! options available = a borr[] :o may  
ne$ a def]m5t1 & t int]e/ accrues dur+ a
 def]m5t4  7,c7 ,! repaym5t plans t are 
available to ! borr[]1 includ+          
p]sonaliz$ in=mation %[+-- 7i7 e/imates 
( ! borr[]'s anticipat$ mon?ly paym5ts  
"u ea* repaym5t plan t is available2 &  
7ii7 ! diff]5ce 9 int]e/ paid & total   
paym5ts "u ea* repaym5t plan4  7,d7 ,!  
obligation ( ! borr[] to repay ! full   

am\nt ( ! loan1 reg>dless ( :e!r ! /ud5t
 on ^: behalf ! loan 0 made completes ! 
program 9 :i* ! /ud5t is enroll$4  7,e7 
,! likely consequ5ces ( default on !    
loan1 includ+ adv]se cr$it reports1     
del9qu5t debt collection proc$ures "u   
,f$]al law1 & litigation4  7,f7 ,! "n & 
contact in=mation ( ! individual !      
borr[] may contact if ! borr[] has any  
que/ions ab\t ! borr[]'s rights &       
responsibilities or ! t]ms & conditions 
( ! loan4  4  #e4 ,inclusion ( p>5t     
,,plus loans 9 income-cont+5t &         
income-bas$ repaym5t plans  7a7         
,income-,cont+5t repaym5t plan ,section 
#dee7;d77#a77;,d7 ( ! ,high] ,education 
,act ( #aife 7#bj ,u4,s4,c4             
#ajhg;e7d77#a77;,d77 is am5d$ by /rik+ 1
 except t ! plan describ$ 9 ?is         
subp>agraph %all n be available to !    
borr[] ( a ,f$]al ,direct ,,plus loan   
made on behalf ( a dep5d5t /ud5t24  7b7 
,income-,bas$ repaym5t  7#a7 ,section   
#dic;,c ,section #dic;,c ( ! ,high]     
,education ,act ( #aife 7#bj ,u4,s4,c4  

#ajih;e7 is am5d$-- 7,a7 9 subsection   
7a7--  7i7 by /rik+ ?is section & all t 
foll[s ?r\gh h>d%ip & ins]t+ ,9 ?is     
section1 ! t]m p>tial f9ancial h>d%ip2 &
  7ii7 by /rik+1 7o!r ?an an except$    
,,plus loan or except$ consolidation    
loan72  7,b7 9 subsection 7b7-- 7i7 9   
p>agraph 7#a71 by /rik+ 7o!r ?an an     
except$ ,,plus loan or except$          
consolidation loan72  7ii7 9 p>agraph   
7#f77;,a71 by /rik+ 7o!r ?an an except$ 
,,plus loan or except$ consolidation    
loan72 &  7iii7 9 p>agraph 7#g71 by     
/rik+ 7o!r ?an a loan "u section #dbh;,b
 or a ,f$]al ,direct ,,plus ,loan72 &   
7,c7 9 subsection 7c71 by /rik+ 7o!r ?an
 an except$ ,,plus loan or except$      
consolidation loan714  7#b7 ,section    
#dee7;d77#a77;,e7 ,section              
#dee7;d77#a77;,e7 ( su* ,act 7#bj       
,u4,s4,c4 #ajhg;e7d77#a77;,d77 is am5d$ 
by /rik+ 1 except t ! plan describ$ 9   
?is subp>agraph %all n be available to !
 borr[] ( a ,f$]al ,direct ,,plus ,loan 
made on behalf ( a dep5d5t /ud5t or a   

,f$]al ,direct ,consolidation ,loan1 if 
! proce$s ( su* loan 7 us$ to dis*>ge ! 
liability on su* ,f$]al ,direct ,,plus  
,loan or a loan "u section #dbh;,b made 
on behalf ( a dep5d5t /ud5t4  7c7       
,application to regulations ,! ,secret>y
 %all ensure t any ,f$]al ,direct ,,plus
 ,loan & any loan "u section #dbh;,b ( !
 ,high] ,education ,act ( #aife 7#bj    
,u4,s4,c4 #ajgh-b7 made on behalf ( a   
dep5d5t /ud5t are eligible = any        
repaym5t plan available "u ! ,high]     
,education ,act ( #aife 7#bj ,u4,s4,c4  
#ajja et seq47 or regulations au?oriz$  
"u su* ,act 7#bj ,u4,s4,c4 #ajja et     
seq474