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139 STAT. 348 PUBLIC LAW 119–21—JULY 4, 2025 who is in repayment before, on, or after the date of enactment of this title. (g) FFEL ADJUSTMENT.—Section 428(b)(9)(A)(v) of the Higher Education Act of 1965 (20 U.S.C. 1078(b)(9)(A)(v)) is amended by striking ‘‘who has a partial financial hardship’’. SEC. 82002. DEFERMENT; FORBEARANCE. (a) SUNSET OF ECONOMIC HARDSHIP AND UNEMPLOYMENT DEFERMENTS.—Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)) is amended— (1) by striking the subsection heading and inserting the following: ‘‘DEFERMENT; FORBEARANCE’’; (2) in paragraph (2)— (A) in subparagraph (B), by striking ‘‘not in’’ and inserting ‘‘subject to paragraph (7), not in’’; and (B) in subparagraph (D), by striking ‘‘not in’’ and inserting ‘‘subject to paragraph (7), not in’’; and (3) by adding at the end the following: ‘‘(7) SUNSET OF UNEMPLOYMENT AND ECONOMIC HARDSHIP DEFERMENTS.—A borrower who receives a loan made under this part on or after July 1, 2027, shall not be eligible to defer such loan under subparagraph (B) or (D) of paragraph (2).’’. (b) FORBEARANCE ON LOANS MADE UNDER THIS PART ON OR AFTER JULY 1, 2027.—Section 455(f) of the Higher Education Act of 1965 (20 U.S.C. 1087e(f)) is amended by adding at the end the following: ‘‘(8) FORBEARANCE ON LOANS MADE UNDER THIS PART ON OR AFTER JULY 1, 2027.—A borrower who receives a loan made under this part on or after July 1, 2027, may only be eligible for a forbearance on such loan pursuant to section 428(c)(3)(B) that does not exceed 9 months during any 24-month period.’’. SEC. 82003. LOAN REHABILITATION. (a) UPDATING LOAN REHABILITATION LIMITS.— (1) FFEL AND DIRECT LOANS.—Section 428F(a)(5) of the Higher Education Act of 1965 (20 U.S.C. 1078–6(a)(5)) is amended by striking ‘‘one time’’ and inserting ‘‘two times’’. (2) PERKINS LOANS.—Section 464(h)(1)(D) of the Higher Education Act of 1965 (20 U.S.C. 1087dd(h)(1)(D)) is amended by striking ‘‘once’’ and inserting ‘‘twice’’. (3) EFFECTIVE DATE.—The amendments made by this sub- section shall take effect beginning on July 1, 2027, and shall apply with respect to any loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 (20 U.S.C. 1070 et seq.). (b) MINIMUM MONTHLY PAYMENT AMOUNT.—Section 428F(a)(1)(B) of the Higher Education Act of 1965 (20 U.S.C. 1078– 6(a)(1)(B)) is amended by adding at the end the following: ‘‘With respect to a borrower who has 1 or more loans made under part D on or after July 1, 2027 that are described in subparagraph (A), the total monthly payment of the borrower for all such loans shall not be less than $10.’’. SEC. 82004. PUBLIC SERVICE LOAN FORGIVENESS. Section 455(m)(1)(A) of the Higher Education Act of 1965 (20 U.S.C. 1087e(m)(1)(A)) is amended— Effective date. Applicability. 20 USC 1078–6 note. Time periods. Effective date.