,i #aafth ,,congress #ast ,session ,h4 ,r4 #chhg ,,in ,,the ,,house ,,of ,,representatives ,july #bc1 #bjai,mr4 ,clyburn 7for himself1 ,ms4 ,schakowsky1 ,mr4 ,khanna1 and ,ms4 ,clarke of ,new ,york7 introduced the following bill2 which was referred to the ,committee on ,education and ,labor1 and in addition to the ,committees on ,ways and ,means1 and the ,judiciary1 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 discharge the qualified loan amounts of each individual1 and for other purposes4 #a4 ,short title ,this ,act may be cited as the ,student ,loan ,debt ,relief ,act of #bjai4 #b4 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title4 ,sec4 #b4 ,table of contents4 ,title ,i--,loan ,discharge and ,forbearance ,sec4 #aja4 ,loan discharge4 ,sec4 #ajb4 ,automatic administrative forbearance2 halting of wage garnishment4 ,sec4 #ajc4 ,staying and prohibition on commencement of actions for collection4 ,sec4 #ajd4 ,ineligibility for ,treasury ,offset4 ,title ,,ii--,refinancing ,programs ,sec4 #bja4 ,refinancing programs4 ,title ,,iii--,dischargeability of ,student ,loans in ,bankruptcy ,sec4 #cja4 ,dischargeability of student loans in bankruptcy4 ,title ,,iv--,general ,provisions ,sec4 #dja4 ,report on progress of implementation4 ,sec4 #djb4 ,notification to borrowers4 ,sec4 #djc4 ,inapplicability of title ,,iv negotiated rulemaking and master calendar exception4 ,sec4 #djd4 ,definitions4 ,i ,loan ,discharge and ,forbearance #aja4 ,loan discharge 7a7 ,in general ,subject to subsection 7f71 not later than the date that is #ab months after the date of enactment of this ,act1 the ,secretary of ,education shall discharge the qualified loan amount of each individual1 without regard to the repayment status of the loan or whether the loan is in default4 7b7 ,qualified loan amount 7#a7 ,in general ,the qualified loan amount of an individual is an amount equal to the lesser of-- 7,a7 #ej1jjj2 and 7,b7 the aggregate loan obligation on the eligible ,federal loans of the taxpayer that is outstanding on the date of enactment of this ,act or1 in the case of such loans issued under section #dfj;,b of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act1 on the date on which such loans are issued under such section #dfj;,b4 7#b7 ,limitation based on adjusted gross income ,the amount discharged under subsection 7a7 with respect to an individual shall be reduced 7but not below zero7 by #a for each #c 7or fraction thereof7 by which the taxpayer's adjusted gross income exceeds #ajj1jjj 7twice such amount in the case of a joint return7 for the most recent taxable year ending before the date of the enactment of this ,act4 7c7 ,method of loan discharge 7#a7 ,in general ,to provide the loan discharge required under subsection 7a71 the ,secretary is authorized to carry out a program-- 7,a7 through the holder of the loan1 to assume the obligation to repay the qualified loan amount for a loan made1 insured1 or guaranteed under part ,b of title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajga et seq472 7,b7 to cancel the qualified loan amount for a loan made under part ,d of title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;a et seq471 or assigned1 referred1 or transferred to1 or purchased by1 the ,secretary under such title ,,iv 7#bj ,u4,s4,c4 #ajgj et seq471 including a ,federal ,direct ,stafford ,loan issued under section #dfj;,b of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act2 and 7,c7 through the institution of higher education that made the loan from its student loan fund established under part ,e of such title 7#bj ,u4,s4,c4 #ajhg;aa et seq471 to assume the obligation to repay the qualified loan amount for such loan4 7#b7 ,order of loan discharge ,with respect to an individual with at least #b eligible ,federal loans1 the ,secretary shall discharge the loans of the individual as follows 7except as otherwise indicated by the individual73 7,a7 ,in the case in which the individual has loans with different rates of interest1 the loans should be discharged in descending order by rate of interest4 7,b7 ,in the case in which the individual has loans with the same rates of interest1 the loans should be discharged in descending order by amount of outstanding principal4 7d7 ,exclusion from taxable income ,for purposes of the ,internal ,revenue ,code of #aihf1 in the case of an individual1 gross income does not include any amount which 7but for this subsection7 would be includible in gross income by reason of the discharge 7in whole or in part7 of any loan if such discharge was pursuant to this title4 7e7 ,taxpayer information 7#a7 ,in general ,the ,secretary of the ,treasury may1 upon written request from the ,secretary of ,education1 disclose to officers and employees of the ,department of ,education return information with respect to a taxpayer who has received eligible ,federal loans that are outstanding on the date described in subsection 7b77#a77;,b74 ,such return information shall be limited to-- 7,a7 taxpayer identity information with respect to such taxpayer2 7,b7 the filing status of such taxpayer2 and 7,c7 the adjusted gross income of such taxpayer4 7#b7 ,restriction on use of disclosed information ,return information disclosed under paragraph 7#a7 may be used by officers and employees of the ,department of ,education only for the purposes of1 and to the extent necessary in1 establishing the appropriate qualified loan amount of a taxpayer4 7f7 ,long-,term settle and compromise discharge authority ,not later than the date that is #bd months after the date of enactment of this ,act1 the ,secretary of ,education may use the authority under sections #dcb7;a77#f7 and #dfh7b7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhb7;a77#f72 #ajhg;hh7#b77 to discharge loans under this section beyond the period described in subsection 7a7 for-- 7#a7 an individual who1 through an appeals process established by the ,secretary1 successfully appeals a loan discharge determination by the ,secretary under this section2 7#b7 an individual who1 due to special circumstances1 misses a deadline established by the ,secretary in the administration of loan discharges under this section2 or 7#c7 an individual 7or a group of individuals7 who the ,secretary determines should have received a loan discharge or a discharge amount that is different from the amount of loan discharge received under this section1 except that a loan discharge amount received under this subsection may not exceed the qualified loan amount determined for the individual 7or the group of individuals7 under subsection 7b74 7g7 ,private student loan discharge ,not later than the date that is #c months after the date of enactment of this ,act1 the ,secretary of ,education1 in coordination with the ,secretary of the ,treasury and the ,director of the ,bureau of ,consumer ,financial ,protection1 shall undertake a campaign to alert borrowers of private education loans-- 7#a7 that such borrowers may be eligible to refinance such private loans as ,federal ,direct ,stafford ,loans under section #dfj;,b of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act2 and 7#b7 such ,federal ,direct ,stafford ,loans may be eligible for loan discharge under this section4 7h7 ,credit reporting ,in the case of a borrower of an eligible ,federal loan that was in default prior to being discharged under this section and on which1 as a result of such loan discharge1 there is no outstanding balance of principal or interest1 the ,secretary1 guaranty agency or other holder of the loan shall request any consumer reporting agency to which the ,secretary1 guaranty agency or holder1 as applicable1 reported the default of the loan1 to remove the record of the default from the borrower's credit history4 7i7 ,members of ,congress ,in this section1 the terms individual and taxpayer do not include a ,member of ,congress4 #ajb4 ,automatic administrative forbearance2 halting of wage garnishment ,during the period beginning on the date of enactment of this ,act and ending on the date that is #ab months after such date of enactment1 the ,secretary of ,education-- 7#a7 shall place each borrower of an eligible ,federal loan with an outstanding balance1 without any further action required by the borrower 7except that the borrower may opt-out of this section71 on an administrative forbearance during which periodic installments of principal need not be paid1 and interest shall not accrue1 on such loan2 and 7#b7 may not issue an order for wage garnishment or withholding under section #dhh;,a of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajie;a7 or section #cgbj;,d of title #ca1 ,united ,states ,code1 initiate proceedings to collect debt through deductions from pay under such section #dhh;,a or #cgbj;,d1 or enforce or otherwise require compliance with a wage garnishment or withholding order issued under such section #dhh;,a or #cgbj;,d before the date of enactment of this ,act 7which shall include staying any related proceedings74 #ajc4 ,staying and prohibition on commencement of actions for collection ,until #ab months after the date of enactment of this ,act1 no eligible ,federal loan may be referred to the ,attorney ,general for any action seeking collection of any amount owed on that loan and any action pending as of the date of enactment of this ,act shall be stayed4 #ajd4 ,ineligibility for ,treasury ,offset ,until #ab months after the date of enactment of this ,act1 no claim pertaining to an eligible ,federal loan may be certified under section #cgaf7;c77#a7 of title #ca1 ,united ,states ,code4 ,,ii ,refinancing ,programs #bja4 ,refinancing programs 7a7 ,program authority ,section #dea7;a7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;a7a77 is amended-- 7#a7 by striking and 7#b7 and inserting 7#b72 and 7#b7 by inserting 2 and 7#c7 to make loans under section #dfj;,a and section #dfj;,b after section #dei;,a4 7b7 ,refinancing ,program ,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 #dfj;,a4 ,refinancing ,,ffel and ,federal ,direct ,loans 7a7 ,in general ,beginning not later than #ab months after the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai1 the ,secretary shall establish a program under which the ,secretary automatically refinances loans made under this part in accordance with the provisions of this section1 in order to lower the rate of interest on such loans4 7b7 ,refinancing ,direct ,loans 7#a7 ,federal ,direct ,loans ,with respect to each ,federal ,direct ,stafford ,loan1 ,federal ,direct ,unsubsidized ,stafford ,loan1 ,federal ,direct ,,plus ,loan1 and ,federal ,direct ,consolidation ,loan1 for which the first disbursement was made to a borrower1 or the application for the consolidation loan was received from a borrower1 on or before the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai1 the ,secretary shall1 without any further action by the borrower 7other than under subparagraph 7,c77-- 7,a7 discharge the liability on such ,federal ,direct ,stafford ,loan1 ,federal ,direct ,unsubsidized ,stafford ,loan1 ,federal ,direct ,,plus ,loan1 or ,federal ,direct ,consolidation ,loan2 7,b7 issue to the borrower a new ,federal ,direct ,stafford ,loan1 ,federal ,direct ,unsubsidized ,stafford ,loan1 ,federal ,direct ,,plus ,loan1 or ,federal ,direct ,consolidation ,loan1 respectively-- 7i7 in an amount equal to the sum of the unpaid principal1 accrued unpaid interest1 and late charges of the loan for which the liability is being discharged under subparagraph 7,a72 and 7ii7 which has the same terms and conditions as the original loan1 except that the rate of interest shall be determined under subsection 7c72 and 7,c7 provide the borrower an opportunity to opt-out of the refinancing under this paragraph4 7#b7 ,refinancing ,,ffel program loans as refinanced ,federal ,direct ,loans 7,a7 ,in general ,with respect to each loan that was made1 insured1 or guaranteed under part ,b and for which the first disbursement was made to a borrower1 or the application for the consolidation loan was received from a borrower1 before ,july #a1 #bjaj1 the ,secretary shall1 without any further action by the borrower 7other than to provide the borrower an opportunity to opt-out of the refinancing under this paragraph71 issue to the borrower a loan made under this part-- 7i7 in an amount equal to the sum of the unpaid principal1 accrued unpaid interest1 and late charges of the loan selected to be so refinanced2 7ii7 the proceeds of which shall be paid to the holder of the loan selected to be so refinanced to discharge the liability on such loan2 and 7iii7 which has a rate of interest determined under subsection 7c74 7,b7 ,designation of loans ,a loan issued under this section the proceeds of which is discharging the liability on a loan made1 insured1 or guaranteed-- 7i7 under section #dbh shall be a ,federal ,direct ,stafford ,loan2 7ii7 under section #dbh;,b shall be a ,federal ,direct ,,plus ,loan2 7iii7 under section #dbh;,h shall be a ,federal ,direct ,unsubsidized ,stafford ,loan2 and 7iv7 under section #dbh;,c shall be a ,federal ,direct ,consolidation ,loan4 7c7 ,interest rates 7#a7 ,in general ,the interest rate for ,federal ,direct ,stafford ,loans1 ,federal ,direct ,unsubsidized ,stafford ,loans1 ,federal ,direct ,,plus ,loans1 and ,federal ,direct ,consolidation ,loans issued under this section1 shall be a rate equal to-- 7,a7 in a case in which the original loan is a loan under section #dbh or #dbh;,h1 a ,federal ,direct ,stafford loan1 or a ,federal ,direct ,unsubsidized ,stafford ,loan1 that was issued to an undergraduate student1 the rate for ,federal ,direct ,stafford ,loans and ,federal ,direct ,unsubsidized ,stafford ,loans issued to undergraduate students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 7,b7 in a case in which the original loan is a loan under section #dbh or #dbh;,h1 a ,federal ,direct ,stafford ,loan1 or a ,federal ,direct ,unsubsidized ,stafford ,loan1 that was issued to a graduate or professional student1 the rate for ,federal ,direct ,unsubsidized ,stafford ,loans issued to graduate or professional students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 7,c7 in an case in which the original loan is a loan under section #dbh;,b or a ,federal ,direct ,,plus ,loan1 the rate for ,federal ,direct ,,plus ,loans for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 and 7,d7 in a case in which the original loan is a loan under section #dbh;,c or a ,federal ,direct ,consolidation ,loan1 a rate calculated in accordance with paragraph 7#b74 7#b7 ,interest rates for consolidation loans 7,a7 ,method of calculation ,to determine the interest rate for a ,federal ,direct ,federal ,consolidation ,loan issued under this section1 the ,secretary shall-- 7i7 determine each original loan for which the liability was discharged by the proceeds of a loan under section #dbh;,c or a ,federal ,direct ,consolidation ,loan1 and calculate the proportion of the unpaid principal balance of the loan under section #dbh;,c or the ,federal ,direct ,consolidation ,loan that is applicable to each such original loan2 7ii7 use the proportions determined in accordance with clause 7i7 and the interest rate applicable for each original loan1 as determined under subparagraph 7,b71 to calculate the weighted average of the interest rates on the loans consolidated into the loan under section #dbh;,c or the ,federal ,direct ,consolidation ,loan2 and 7iii7 apply the weighted average calculated under clause 7ii7 as the interest rate for the ,federal ,direct ,consolidation ,loan made under this section and for which the interest rate is being determined under this paragraph4 7,b7 ,interest rates for component loans ,the interest rate for each original loan for which the liability is discharged by the proceeds of loan made under section #dbh;,c or a ,federal ,direct ,consolidation ,loan shall be the following3 7i7 ,the interest rate for any such original loan made1 insured or guaranteed under section #dbh or #dbh;,h1 or that is a ,federal ,direct ,stafford ,loan or ,federal ,direct ,unsubsidized ,stafford ,loan1 issued to an undergraduate student shall be a rate equal to the lesser of-- 7,i7 the rate for ,federal ,direct ,stafford ,loans and ,federal ,direct ,unsubsidized ,stafford ,loans issued to undergraduate students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 or 7,,ii7 the interest rate on such original loan4 7ii7 ,the interest rate for any such original loan made1 insured or guaranteed under section #dbh or #dbh;,h1 or that is a ,federal ,direct ,stafford ,loan1 or ,federal ,direct ,unsubsidized ,stafford ,loan1 issued to a graduate or professional student shall be a rate equal to the lesser of-- 7,i7 the rate for ,federal ,direct ,unsubsidized ,stafford ,loans issued to graduate or professional students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 or 7,,ii7 the interest rate on the original loan4 7iii7 ,the interest rate for any such original loan made1 insured or guaranteed under section #dbh;,b or that is a ,federal ,direct ,,plus ,loan shall be a rate equal to the lesser of-- 7,i7 the rate for ,federal ,direct ,,plus ,loans for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 or 7,,ii7 the interest rate on the original loan4 7iv7 ,the interest rate for any such original loan that is a loan under section #dbh;,c or a ,federal ,direct ,consolidation ,loan shall be the weighted average of the interest rates determined under this subparagraph for each loan for which the liability is discharged by the proceeds of such consolidation loan4 7v7 ,the interest rate for any original loan for which the liability was discharged with the proceeds of a loan made under section #dbh;,c or a ,federal ,direct ,consolidation ,loan and is not described in clauses 7i7 through 7iv7 shall be the interest rate on such original loan4 7#c7 ,fixed rate ,the applicable rate of interest determined under paragraph 7#a7 for a loan issued under this section shall be fixed for the period of the loan4 7d7 ,repayment periods ,a loan issued under this section shall not result in the extension of the duration of the repayment period of the original loan1 and the borrower shall retain the same repayment term that was in effect on the original loan4 ,nothing in this paragraph shall be construed to prevent a borrower from electing a different repayment plan at any time in accordance with section #dee7;d77#c74 7e7 ,original loan defined ,in this section1 the term original loan means a loan for which the liability is discharged with the proceeds of a loan issued under this section4 #dfj;,b4 ,refinancing of private education loans 7a7 ,program authorized 7#a7 ,in general ,during the period beginning on the date that is #f months after the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai1 and ending on the date that is #i months after such date of enactment1 the ,secretary1 in consultation with the ,secretary of the ,treasury1 shall carry out a program under which the ,secretary1 upon receiving an application from a borrower who has a loan obligation on an eligible private education loan1 shall issue such borrower a loan under this section in accordance with the following3 7,a7 ,the loan issued under this section shall be in an amount equal to the sum of the unpaid principal1 accrued unpaid interest1 and late charges of the private education loan4 7,b7 ,the ,secretary shall pay the proceeds of the loan issued under this section to the private educational lender 7or subsequent holder7 of the private education loan1 in order to discharge the borrower and any cosigners from any remaining obligation to the lender with respect to the private education loan4 7,c7 ,the ,secretary shall require that the borrower undergo loan counseling that provides all of the information and counseling required under clauses 7i7 through 7viii7 of section #dhe7;b77#a77;,a7 before the carrying out subparagraphs 7,a7 and 7,b7 with respect to such borrower4 7,d7 ,the ,secretary shall issue the loan as a ,federal ,direct ,stafford ,loan with a rate of interest determined under subsection 7b74 7b7 ,interest rate 7#a7 ,in general ,the interest rate for a ,federal ,direct ,stafford ,loan issued under this section shall be-- 7,a7 in the case of a ,federal ,direct ,stafford ,loan discharging the liability on a private education loan issued for undergraduate postsecondary educational expenses1 a rate equal to the rate for ,federal ,direct ,stafford ,loans and ,federal ,direct ,unsubsidized ,stafford ,loans issued to undergraduate students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag2 and 7,b7 in the case of a ,federal ,direct ,stafford ,loan discharging the liability on a private education loan issued for graduate or professional degree postsecondary educational expenses1 a rate equal to the rate for ,federal ,direct ,unsubsidized ,stafford ,loans issued to graduate or professional students for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag4 7#b7 ,combined undergraduate and graduate study loans ,in the case of a ,federal ,direct ,stafford ,loan discharging the liability on a private education loan issued for both undergraduate and graduate or professional postsecondary educational expenses1 the interest rate shall be a rate equal to the rate for ,federal ,direct ,,plus ,loans for the #ab-month period beginning on ,july #a1 #bjaf1 and ending on ,june #cj1 #bjag4 7#c7 ,fixed rate ,the applicable rate of interest determined under this subsection for a ,federal ,direct ,stafford ,loan issued under this section shall be fixed for the period of the loan4 7c7 ,no inclusion in aggregate limits ,the amount of a ,federal ,direct ,stafford ,loan issued under this section1 or a ,federal ,direct ,consolidated ,loan to the extent such loan is used to repay such a ,federal ,direct ,stafford ,loan1 shall not be included in calculating a borrower's annual or aggregate loan limits under section #dbh or #dbh;,h4 7d7 ,private educational lender reporting requirement 7#a7 ,reporting required ,not later than #f months after the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai1 the ,secretary1 in consultation with the ,secretary of the ,treasury and the ,director of the ,bureau of ,consumer ,financial ,protection1 shall establish a requirement that private educational lenders report the data described in paragraph 7#b7 to the ,secretary1 to ,congress1 to the ,secretary of the ,treasury1 and to the ,director of the ,bureau of ,consumer ,financial ,protection1 in order to allow for an assessment of the private education loan market4 7#b7 ,contents of reporting ,the data that private educational lenders shall report in accordance with paragraph 7#a7 shall include each of the following about private education loans 7as defined in section #adj7;a7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afej7;a7773 7,a7 ,the total amount of private education loan debt the lender holds4 7,b7 ,the total number of private education loan borrowers the lender serves4 7,c7 ,the average interest rate on the outstanding private education loan debt held by the lender4 7,d7 ,the proportion of private education loan borrowers who are in default on a loan held by the lender4 7,e7 ,the proportion of the outstanding private education loan volume held by the lender that is in default4 7,f7 ,the proportions of outstanding private education loan borrowers who are #cj1 #fj1 and #ij days delinquent4 7,g7 ,the proportions of outstanding private education loan volume that is #cj1 #fj1 and #ij days delinquent4 7e7 ,sunset ,the authority to issue loans under this section shall expire on the date that is #h months after the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai4 7f7 ,definitions ,in this section3 7#a7 ,private educational lender ,the term private educational lender has the meaning given the term in section #adj7;a7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afej7;a774 7#b7 ,eligible private education loan ,the term eligible private education loan means a private education loan1 as defined in section #adj7;a7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afej7;a771 that-- 7,a7 was disbursed to the borrower on or before the date of enactment of the ,student ,loan ,debt ,relief ,act of #bjai2 and 7,b7 was for the borrower's own postsecondary educational expenses for an eligible program at an institution of higher education participating in the loan program under this part1 as of the date that the loan was disbursed4 4 7c7 ,income-,contingent repayment ,section #dee7;d77#a77;,d7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7d77#a77;,d77 is amended by inserting before the semicolon at the end the following3 1 and in calculating the period of time during which a borrower of a loan issued under section #dfj;,a has made monthly payments on such loan for purposes of the plan described in this subparagraph1 the ,secretary shall treat each monthly payment that otherwise meets the requirements of such plan and that was made on a loan for which the liability is discharged by the proceeds of such loan issued under section #dfj;,a1 as a monthly payment made on such loan issued under section #dfj;,a4 7d7 ,public service loan forgiveness ,section #dee7m7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7m77 is amended-- 7#a7 by redesignating paragraphs 7#c7 and 7#d7 as paragraphs 7#d7 and 7#e71 respectively2 and 7#b7 by inserting after paragraph 7#b7 the following3 7#c7 ,treatment of loans issued under section #dfj;,a ,notwithstanding paragraph 7#a71 in determining the number of monthly payments made under paragraph 7#a7 on an eligible ,federal ,direct ,loan issued under section #dfj;,a the proceeds of which discharges the liability on a loan made under this part1 the ,secretary shall treat each monthly payment made under paragraph 7#a7 on the loan before the liability on such loan was so discharged as a monthly payment made on such eligible ,federal ,direct ,loan4 2 7e7 ,income-,based repayment ,section #dic;,c of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajih;e7 is amended by adding at the end the following3 7f7 ,treatment of refinanced loans ,in calculating the period of time during which a borrower of a loan issued under section #dfj;,a has made monthly payments on such loan for purposes of subsection 7b77#g71 the ,secretary shall treat each monthly payment that otherwise meets the requirements of this section and that was made on a loan for which the liability is discharged by the proceeds of such loan issued under section #dfj;,a1 as a monthly payment made on such loan issued under section #dfj;,a4 4 ,,iii ,dischargeability of ,student ,loans in ,bankruptcy #cja4 ,dischargeability of student loans in bankruptcy 7#a7 ,exception to discharge ,section #ebc7;a7 of title #aa of the ,united ,states ,code is amended by striking paragraph 7#h74 7#b7 ,conforming amendment ,section #acbh7;a77#b7 of title #aa of the ,united ,states ,code is amended by striking 7#h714 ,,iv ,general ,provisions #dja4 ,report on progress of implementation ,not later than the date that is #f months after the date of enactment of this ,act1 the ,secretary of ,education and the ,secretary of the ,treasury shall1 jointly1 submit to ,congress a report on the progress of the implementation of the provisions of titles ,i and ,,ii4 #djb4 ,notification to borrowers 7a7 ,in general ,not later than the date that is #c months after the date of enactment of this ,act-- 7#a7 the ,secretary of ,education-- 7,a7 shall take such steps as may be necessary to notify borrowers of an eligible ,federal loan of the loan discharge available under title ,i1 including the applicable deadlines2 7,b7 in coordination with the ,secretary of the ,treasury and the ,director of the ,bureau of ,consumer ,financial ,protection1 shall undertake a campaign to notify borrowers of loans made1 insured1 or guaranteed under part ,b or ,d of title ,,iv of the ,higher ,education ,act of #aife that such borrowers may be eligible to refinance such loans at a lower rate of interest under section #dfj;,a of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act1 which campaign shall include-- 7i7 developing consumer information materials about the availability of such refinancing2 and 7ii7 requiring servicers of such loans to provide such consumer information to borrowers in a manner determined appropriate by the ,secretary1 in consultation with the ,director of the ,bureau of ,consumer ,financial ,protection2 and 7,c7 in coordination with the ,secretary of the ,treasury and the ,director of the ,bureau of ,consumer ,financial ,protection1 shall undertake a campaign to alert borrowers of private education loans-- 7i7 that such borrowers may be eligible to refinance such private loans as ,federal ,direct ,stafford ,loans under section #dfj;,b of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act2 and 7ii7 such ,federal ,direct ,stafford ,loans may be eligible for loan discharge under title ,i of this ,act2 and 7#b7 the ,secretary of ,health and ,human ,services1 in consultation with the ,secretary of ,education1 shall take such steps as may be necessary to inform borrowers of a loan made1 insured1 or guaranteed by the ,department of ,health and ,human ,services that is eligible for consolidation under section #dee7;g7 of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhg;e7g771 that the-- 7,a7 borrower may be eligible for a ,federal ,direct ,consolidation ,loan under such section #dee7;g72 and 7,b7 such ,federal ,direct ,consolidation ,loan may be eligible for loan discharge under title ,i of this ,act4 7b7 ,notification by private education loan holders ,each holder of a private education loan shall1 not later than the date that is #c months after the date of enactment of this ,act1 notify the borrower of such private education loan that the borrower may be eligible to refinance the private education loan as a ,federal ,direct ,stafford ,loan under section #dfj;,b of the ,higher ,education ,act of #aife1 and such ,federal ,direct ,stafford ,loan may be eligible for loan discharge under title ,i of this ,act4 #djc4 ,inapplicability of title ,,iv negotiated rulemaking and master calendar exception ,sections #dhb7;c7 and #dib of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajhi7;c71 #ajih;a7 shall not apply to this ,act or any amendments made by this ,act1 or to any regulations promulgated under this ,act or under such amendments4 #djd4 ,definitions ,in this ,act3 7#a7 ,eligible ,federal loan ,the term eligible ,federal loan means-- 7,a7 a loan made1 insured1 or guaranteed under title ,,iv of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajga et seq47 7other than a loan described in subparagraph 7,b77 on or before the date of enactment of this ,act2 or 7,b7 a ,federal ,direct ,stafford ,loan issued under section #dfj;,b of the ,higher ,education ,act of #aife1 as added by title ,,ii of this ,act1 on a date that is not later than #i months after the date of enactment of this ,act4 7#b7 ,private education loan ,the term private education loan has the meaning given such term in section #adj7;a7 of the ,truth in ,lending ,act 7#ae ,u4,s4,c4 #afej7;a774 7#c7 ,secretary ,the term ,secretary means the ,secretary of ,education4 7#d7 ,taxpayer ,the term taxpayer has the meaning given such term in section #ggja of the ,internal ,revenue ,code of #aihf4