Sec. 351. Effective date; rulemaking regarding termination of certain repayment plans; implementation
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Except as otherwise specifically provided, this title, and the amendments made by this title, shall take effect on January 1, 2026. With respect to any borrower of a loan under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq. ) that is, or has been, in forbearance or deferment as of the day before the effective date described in subsection (a), the Secretary shall take such steps as are necessary— to transfer a borrower with a loan in forbearance or deferment as of such day automatically into relief provided under the pause payment process established under section 460B of such Act (as amended by this Act); and to ensure that the period of time for which a borrower is eligible for pause payment under such section 460B for a loan is appropriately reduced to account for any time the loan was previously in forbearance or deferment.
Before the effective date described in subsection (a), the Secretary of Education shall carry out a plan to end all eligibility for repayment plans other than a fixed repayment plan described in section 493E of the Higher Education Act of 1965, as added by this Act, and an income-based repayment plan under section 493C(c) of such Act ( 20 U.S.C. 1098e(f) ) for loans made under part B or D of title IV of such Act, unless the borrower is enrolled in another repayment plan before such effective date, in accordance with the amendments made by this Act.
In carrying out the amendments made by this Act, or any regulations promulgated under this Act, the Secretary of Education may waive the application of— subchapter I of chapter 35 of title 44, United States Code (commonly known as the Paperwork Reduction Act ); the master calendar requirements under section 482 of the Higher Education Act of 1965 ( 20 U.S.C. 1089 ); negotiated rulemaking under section 492 of the Higher Education Act of 1965 ( 20 U.S.C. 1098a ); and the requirement to publish the notices related to the system of records of the agency before implementation required under paragraphs
(4)and
(11)of section 552a(e) of title 5, United States Code (commonly known as the Privacy Act of 1974 ).
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Sec. 351
Effective date; rulemaking regarding termination of certain repayment plans; implementation
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