Loan rehabilitation

(a) Updating loan rehabilitation limits (1) FFEL and Direct Loans 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 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 subsection shall take effect beginning on the date of enactment of this Act, 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 loan borrower who has 1 or more loans made under part D on or after July 1, 2025, a monthly payment amount 2027 that are described in subparagraph (A) may (A), the total monthly payment of the borrower for all such loans shall not be less than $10..