Pub. L. 111-152, tit. II, subtit. A, pt. II, sec. 2213 (as amended)
INCOME-BASED REPAYMENT.
SEC. 2213. INCOME-BASED REPAYMENT.
Section 493C (20 U.S.C. 1098e) is amended by adding at the end the following new subsection:
“(e) Special Terms for New Borrowers on and After July 1, 2014.—With respect to any loan made to a new borrower on or after July 1, 2014—
“(1) subsection (a)(3)(B) shall be applied by substituting ‘10 percent’ for ‘15 percent’; and
“(2) subsection (b)(7)(B) shall be applied by substituting ‘20 years’ for ‘25 years’.”
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