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139 STAT. 343 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘(vii) A month that ended before the date of enact- ment of this subsection when the borrower did not make a payment because the borrower was in a period of deferment or forbearance described in section 685.209(k)(4)(iv) of title 34, Code of Federal Regula- tions (as in effect on the date of enactment of this subsection). ‘‘(G) The procedures established by the Secretary under section 493C(c) shall apply for annually determining the borrower’s eligibility for the Repayment Assistance Plan, including verification of a borrower’s annual income and the annual amount due on the total amount of loans eligible to be repaid under this subsection, and such other proce- dures as are necessary to effectively implement income- based repayment under this subsection. With respect to carrying out section 494(a)(2) for the Repayment Assistance Plan, an individual may elect to opt out of the disclosures required under section 494(a)(2)(A)(ii) in accordance with the procedures established under section 493C(c)(2). ‘‘(2) BALANCE ASSISTANCE FOR DISTRESSED BORROWERS.— ‘‘(A) INTEREST SUBSIDY.—With respect to a borrower of a loan made under this part, for each month for which such a borrower makes an on-time applicable monthly pay- ment required under paragraph (1)(A) and such monthly payment is insufficient to pay the total amount of interest that accrues for the month on all loans of the borrower repaid pursuant to the Repayment Assistance Plan under this subsection, the amount of interest accrued and not paid for the month shall not be charged to the borrower. ‘‘(B) MATCHING PRINCIPAL PAYMENT.—With respect to a borrower of a loan made under this part and not in a period of deferment or forbearance, for each month for which a borrower makes an on-time applicable monthly payment required under paragraph (1)(A) and such monthly payment reduces the total outstanding principal balance of all loans of the borrower repaid pursuant to the Repayment Assistance Plan under this subsection by less than $50, the Secretary shall reduce such total out- standing principal balance of the borrower by an amount that is equal to— ‘‘(i) the amount that is the lesser of— ‘‘(I) $50; or ‘‘(II) the total amount paid by the borrower for such month pursuant to paragraph (1)(A); minus ‘‘(ii) the total amount paid by the borrower for such month pursuant to paragraph (1)(A) that is applied to such total outstanding principal balance. ‘‘(3) ADDITIONAL DOCUMENTS.—A borrower who chooses, or is required, to repay a loan under this subsection, and for whom adjusted gross income is unavailable or does not reason- ably reflect the borrower’s current income, shall provide to the Secretary other documentation of income satisfactory to the Secretary, which documentation the Secretary may use to determine repayment under this subsection. ‘‘(4) DEFINITIONS.—In this subsection: Applicability. Reduction. Applicability. Time period. Determination.