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139 STAT. 340 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘(i) STANDARD REPAYMENT PLAN REQUIRED.—Not- withstanding subparagraphs (A) through (D), begin- ning on July 1, 2026, the Secretary shall require a borrower who has received an excepted loan made on or after such date (including such a borrower who also has an excepted loan made before such date) to repay each excepted loan, including principal and interest on those excepted loans, under the standard repayment plan under subparagraph (A)(i). The bor- rower shall be entitled to accelerate, without penalty, repayment on such loans. ‘‘(ii) EXCEPTED LOAN DEFINED.—For the purposes of this paragraph, the term ‘excepted loan’ means a loan with an outstanding balance that is— ‘‘(I) a Federal Direct PLUS Loan that is made on behalf of a dependent student; or ‘‘(II) a Federal Direct Consolidation Loan, if the proceeds of such loan were used to discharge the liability on— ‘‘(aa) an excepted PLUS loan, as defined in section 493C(a)(1); or ‘‘(bb) an excepted consolidation loan (as such term is defined in section 493C(a)(2)(A), notwithstanding subparagraph (B) of such sec- tion).’’. (c) ELIMINATION OF AUTHORITY TO PROVIDE INCOME CONTIN- GENT REPAYMENT PLANS.— (1) REPEAL.—Subsection (e) of section 455 of the Higher Education Act of 1965 (20 U.S.C. 1087e(e)) is repealed. (2) FURTHER AMENDMENTS TO ELIMINATE INCOME CONTIN- GENT REPAYMENT.— (A) Section 428 of the Higher Education Act of 1965 (20 U.S.C. 1078) is amended— (i) in subsection (b)(1)(D), by striking ‘‘be subject to income contingent repayment in accordance with subsection (m)’’ and inserting ‘‘be subject to income- based repayment in accordance with subsection (m)’’; and (ii) in subsection (m)— (I) in the subsection heading, by striking ‘‘INCOME CONTINGENT AND’’; (II) by amending paragraph (1) to read as follows: ‘‘(1) AUTHORITY OF SECRETARY TO REQUIRE.—The Secretary may require borrowers who have defaulted on loans made under this part that are assigned to the Secretary under subsection (c)(8) to repay those loans pursuant to an income-based repay- ment plan under section 493C.’’; and (III) in the heading of paragraph (2), by striking ‘‘INCOME CONTINGENT OR’’. (B) Section 428C of the Higher Education Act of 1965 (20 U.S.C. 1078–3) is amended— (i) in subsection (a)(3)(B)(i)(V)(aa), by striking ‘‘for the purposes of obtaining income contingent repayment or income-based repayment’’ and inserting ‘‘for the pur- poses of qualifying for an income-based repayment plan under section 455(q) or section 493C, as applicable’’;