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139 STAT. 339 PUBLIC LAW 119–21—JULY 4, 2025 under this part on or after such date (including such a borrower who also has a loan made under this part before such date) two plans for repayment of the borrower’s loans under this part, including principal and interest on such loans. The borrower shall be entitled to accelerate, without penalty, repayment on such loans. The borrower may choose— ‘‘(i) a standard repayment plan— ‘‘(I) with a fixed monthly repayment amount paid over a fixed period of time equal to the applicable period determined under subclause (II); and ‘‘(II) with the applicable period of time for repayment determined based on the total out- standing principal of all loans of the borrower made under this part before, on, or after July 1, 2026, at the time the borrower is entering repay- ment under such plan, as follows— ‘‘(aa) for a borrower with total outstanding principal of less than $25,000, a period of 10 years; ‘‘(bb) for a borrower with total outstanding principal of not less than $25,000 and less than $50,000, a period of 15 years; ‘‘(cc) for a borrower with total outstanding principal of not less than $50,000 and less than $100,000, a period of 20 years; and ‘‘(dd) for a borrower with total outstanding principal of $100,000 or more, a period of 25 years; or ‘‘(ii) the income-based Repayment Assistance Plan under subsection (q). ‘‘(B) SELECTION BY SECRETARY.—If a borrower of a loan made under this part on or after July 1, 2026, does not select a repayment plan described in subparagraph (A), the Secretary shall provide the borrower with the standard repayment plan described in subparagraph (A)(i). ‘‘(C) SELECTION APPLIES TO ALL OUTSTANDING LOANS.— A borrower is required to pay each outstanding loan of the borrower made under this part under the same selected repayment plan, except that a borrower who selects the Repayment Assistance Plan and also has an excepted loan that is not eligible for repayment under such Repayment Assistance Plan shall repay the excepted loan separately from other loans under this part obtained by the borrower. ‘‘(D) CHANGES OF REPAYMENT PLAN.—A borrower may change the borrower’s selection of— ‘‘(i) the standard repayment plan under subpara- graph (A)(i), or the Secretary’s selection of such plan for the borrower under subparagraph (B), as the case may be, to the Repayment Assistance Plan under subparagraph (A)(ii) at any time; and ‘‘(ii) the Repayment Assistance Plan under subparagraph (A)(ii) to the standard repayment plan under subparagraph (A)(i) at any time. ‘‘(E) REPAYMENT FOR BORROWERS WITH EXCEPTED LOANS MADE ON OR AFTER JULY 1, 2026.— Time periods.