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139 STAT. 346 PUBLIC LAW 119–21—JULY 4, 2025 title 34, Code of Federal Regulations (as in effect on June 30, 2023); or ‘‘(ii) pursuant to another income driven repayment plan.’’. (B) TERMINATION OF PARTIAL FINANCIAL HARDSHIP ELIGIBILITY.—Section 493C(a)(3) of the Higher Education Act of 1965 (20 U.S.C. 1098e(a)(3)) is amended to read as follows: ‘‘(3) APPLICABLE AMOUNT.—The term ‘applicable amount’ means 15 percent of the result obtained by calculating, on at least an annual basis, the amount by which— ‘‘(A) the borrower’s, and the borrower’s spouse’s (if applicable), adjusted gross income; exceeds ‘‘(B) 150 percent of the poverty line applicable to the borrower’s family size as determined under section 673(2) of the Community Services Block Grant Act (42 U.S.C. 9902(2)).’’. (C) TERMS OF INCOME-BASED REPAYMENT.—Section 493C(b) of the Higher Education Act of 1965 (20 U.S.C. 1098e(b)) is amended— (i) by amending paragraph (1) to read as follows: ‘‘(1) a borrower of any loan made, insured, or guaranteed under part B or D (other than an excepted PLUS loan or excepted consolidation loan), may elect to have the borrower’s aggregate monthly payment for all such loans not exceed the applicable amount divided by 12;’’; (ii) by striking paragraph (6) and inserting the following: ‘‘(6) if the monthly payment amount calculated under this section for all loans made to the borrower under part B or D (other than an excepted PLUS loan or excepted consolidation loan) exceeds the monthly amount calculated under section 428(b)(9)(A)(i) or 455(d)(1)(A), based on a 10-year repayment period, when the borrower first made the election described in this subsection (referred to in this paragraph as the ‘standard monthly repayment amount’), or if the borrower no longer wishes to continue the election under this subsection, then— ‘‘(A) the maximum monthly payment required to be paid for all loans made to the borrower under part B or D (other than an excepted PLUS loan or excepted consoli- dation loan) shall be the standard monthly repayment amount; and ‘‘(B) the amount of time the borrower is permitted to repay such loans may exceed 10 years;’’; (iii) in paragraph (7)(B)(iv), by inserting ‘‘(as such section was in effect on the day before the date of the repeal of section 455(e)’’ after ‘‘section 455(d)(1)(D)’’; and (iv) in paragraph (8), by inserting ‘‘or the Repay- ment Assistance Program under section 455(q)’’ after ‘‘standard repayment plan’’. (D) ELIGIBILITY DETERMINATIONS.—Section 493C(c) of the Higher Education Act of 1965 (20 U.S.C. 1098e(c)) is amended to read as follows: ‘‘(c) ELIGIBILITY DETERMINATIONS; AUTOMATIC RECERTIFI- CATION.— Procedures. Time period. Definition.