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139 STAT. 344 PUBLIC LAW 119–21—JULY 4, 2025 ‘‘(A) ADJUSTED GROSS INCOME.—The term ‘adjusted gross income’, when used with respect to a borrower, means the adjusted gross income (as such term is defined in section 62 of the Internal Revenue Code of 1986) of the borrower (and the borrower’s spouse, as applicable) for the most recent taxable year, except that, in the case of a married borrower who files a separate Federal income tax return, the term does not include the adjusted gross income of the borrower’s spouse. ‘‘(B) APPLICABLE MONTHLY PAYMENT.— ‘‘(i) IN GENERAL.—Except as provided in clause (ii), (iii), or (vi), the term ‘applicable monthly payment’ means, when used with respect to a borrower, the amount equal to— ‘‘(I) the applicable base payment of the bor- rower, divided by 12; minus ‘‘(II) $50 for each dependent of the borrower (which, in the case of a married borrower filing a separate Federal income tax return, shall include only each dependent that the borrower claims on that return). ‘‘(ii) MINIMUM AMOUNT.—In the case of a borrower with an applicable monthly payment amount calculated under clause (i) that is less than $10, the applicable monthly payment of the borrower shall be $10. ‘‘(iii) FINAL PAYMENT.—In the case of a borrower whose total outstanding balance of principal and interest on all of the loans of the borrower that are repaid pursuant to the Repayment Assistance Plan is less than the applicable monthly payment calculated pursuant to clause (i) or (ii), as applicable, then the applicable monthly payment of the borrower shall be the total outstanding balance of principal and interest on all such loans. ‘‘(iv) BASE PAYMENT.—The amount of the applicable base payment for a borrower with an adjusted gross income of— ‘‘(I) not more than $10,000, is $120; ‘‘(II) more than $10,000 and not more than $20,000, is 1 percent of such adjusted gross income; ‘‘(III) more than $20,000 and not more than $30,000, is 2 percent of such adjusted gross income; ‘‘(IV) more than $30,000 and not more than $40,000, is 3 percent of such adjusted gross income; ‘‘(V) more than $40,000 and not more than $50,000, is 4 percent of such adjusted gross income; ‘‘(VI) more than $50,000 and not more than $60,000, is 5 percent of such adjusted gross income; ‘‘(VII) more than $60,000 and not more than $70,000, is 6 percent of such adjusted gross income; ‘‘(VIII) more than $70,000 and not more than $80,000, is 7 percent of such adjusted gross income; ‘‘(IX) more than $80,000 and not more than $90,000, is 8 percent of such adjusted gross income; ‘‘(X) more than $90,000 and not more than $100,000, is 9 percent of such adjusted gross income; and