MAXIMUM REPAYMENT PERIOD.

SEC. 205. MAXIMUM REPAYMENT PERIOD. Section 455(e) (20 U.S.C. 1087e(e)) is amended by adding at the end the following:121 STAT. 796“(7) Maximum repayment period.—In calculating the extended period of time for which an income contingent repayment plan under this subsection may be in effect for a borrower, the Secretary shall include all time periods during which a borrower of loans under part B, part D, or part E—“(A) is not in default on any loan that is included in the income contingent repayment plan; and“(B)(i) is in deferment due to an economic hardship described in section 435(o);“(ii) makes monthly payments under paragraph (1) or (6) of section 493C(b);“(iii) makes monthly payments of not less than the monthly amount calculated under section 428(b)(9)(A)(i) or subsection (d)(1)(A), based on a 10-year repayment period, when the borrower first made the election described in section 493C(b)(1);“(iv) makes payments of not less than the payments required under a standard repayment plan under section 428(b)(9)(A)(i) or subsection (d)(1)(A) with a repayment period of 10 years; or“(v) makes payments under an income contingent repayment plan under subsection (d)(1)(D).”.