Sec. 134. Notice to borrowers
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Section 3513(g) of division A of the Coronavirus Aid, Relief, and Economic Security Act ( Public Law 116–136 ) is amended— in the matter preceding paragraph (1), by striking the Secretary and inserting the Secretary or, as applicable, the Secretary of Health and Human Services, ; in paragraph (1)(D), by striking the period and inserting a semicolon; in paragraph (2)— in the matter preceding subparagraph (A), by striking August 1, 2020 and inserting August 1, 2021 ; and by amending subparagraph
(B)to read as follows: that— a borrower of a Federal student loan made, insured, or guaranteed under part B or D of title IV of the Higher Education Act of 1965 may be eligible to enroll in an income-contingent repayment plan under section 455(d)(1)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(d)(1)(D) ) or an income-based repayment plan under section 493C of such Act ( 20 U.S.C. 1098e ), including a brief description of such repayment plans; and in the case of a borrower of a Federal student loan defined in section 3502(a)(2)(C) or made under part E of title IV of the Higher Education of 1965, the borrower may be eligible to enroll in such a repayment plan if the borrower consolidates such loan with a loan described in clause
(i)of this subparagraph, and receives a Federal Direct Consolidation Loan under part D of the Higher Education of 1965 ( 20 U.S.C. 1087a et seq.); and ; and by adding at the end the following: in a case in which the accrual of interest on Federal student loans is suspended under subsection (b)(1) beyond September 30, 2021, during the 2-month period beginning on the date on which the national U–5 measure of labor underutilization shows initial signs of recovery (as such terms are defined in subsection (b)(1)(D)) carry out a program to provide not less than 6 notices by postal mail, telephone, or electronic communication to borrowers— indicating when the interest on Federal student loans of the borrower will resume accrual and capitalization; and the information described in paragraph (2)(B). .
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