which discharges the liability on a loan made under 
this part, the Secretary shall treat each monthly 
payment made under paragraph (1) on the loan be-
fore the liability on such loan was so discharged as 
a monthly payment made on such eligible Federal 
Direct Loan.’’; 
(e) INCOME-BASED REPAYMENT.—Section 493C of 
the Higher Education Act of 1965 (20 U.S.C. 1098e) is 
amended by adding at the end the following: 
‘‘(f) TREATMENT OF REFINANCED LOANS.—In cal-
culating the period of time during which a borrower of 
a loan issued under section 460A has made monthly pay-
ments on such loan for purposes of subsection (b)(7), the 
Secretary shall treat each monthly payment that otherwise 
meets the requirements of this section and that was made 
on a loan for which the liability is discharged by the pro-
ceeds of such loan issued under section 460A, as a month-
ly payment made on such loan issued under section 
460A.’’. 
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TITLE 
III—DISCHARGEABILITY 
OF STUDENT LOANS IN BANK-
RUPTCY 
SEC. 301. DISCHARGEABILITY OF STUDENT LOANS IN 
BANKRUPTCY. 
(1) 
EXCEPTION
TO
DISCHARGE.—Section 
523(a) of title 11 of the United States Code is 
amended by striking paragraph (8). 
(2) 
CONFORMING
AMENDMENT.—Section 
1328(a)(2) of title 11 of the United States Code is 
amended by striking ‘‘(8),’’. 
TITLE IV—GENERAL 
PROVISIONS 
SEC. 401. REPORT ON PROGRESS OF IMPLEMENTATION. 
Not later than the date that is 6 months after the 
date of enactment of this Act, the Secretary of Education 
and the Secretary of the Treasury shall, jointly, submit 
to Congress a report on the progress of the implementa-
tion of the provisions of titles I and II. 
SEC. 402. NOTIFICATION TO BORROWERS. 
(a) IN GENERAL.—Not later than the date that is 
3 months after the date of enactment of this Act— 
(1) the Secretary of Education— 
(A) shall take such steps as may be nec-
essary to notify borrowers of an eligible Federal 
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loan of the loan discharge available under title 
I, including the applicable deadlines; 
(B) in coordination with the Secretary of 
the Treasury and the Director of the Bureau of 
Consumer Financial Protection, shall undertake 
a campaign to notify borrowers of loans made, 
insured, or guaranteed under part B or D of 
title IV of the Higher Education Act of 1965 
that such borrowers may be eligible to refinance 
such loans at a lower rate of interest under sec-
tion 460A of the Higher Education Act of 
1965, as added by title II of this Act, which 
campaign shall include— 
(i) developing consumer information 
materials about the availability of such re-
financing; and 
(ii) requiring servicers of such loans 
to provide such consumer information to 
borrowers in a manner determined appro-
priate by the Secretary, in consultation 
with the Director of the Bureau of Con-
sumer Financial Protection; and 
(C) in coordination with the Secretary of 
the Treasury and the Director of the Bureau of 
Consumer Financial Protection, shall undertake 
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a campaign to alert borrowers of private edu-
cation loans— 
(i) that such borrowers may be eligible 
to refinance such private loans as Federal 
Direct Stafford Loans under section 460B 
of the Higher Education Act of 1965, as 
added by title II of this Act; and 
(ii) such Federal Direct Stafford 
Loans may be eligible for loan discharge 
under title I of this Act; and 
(2) the Secretary of Health and Human Serv-
ices, in consultation with the Secretary of Edu-
cation, shall take such steps as may be necessary to 
inform borrowers of a loan made, insured, or guar-
anteed by the Department of Health and Human 
Services that is eligible for consolidation under sec-
tion 455(g) of the Higher Education Act of 1965 
(20 U.S.C. 1087e(g)), that the— 
(A) borrower may be eligible for a Federal 
Direct Consolidation Loan under such section 
455(g); and 
(B) such Federal Direct Consolidation 
Loan may be eligible for loan discharge under 
title I of this Act. 
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(b) NOTIFICATION BY PRIVATE EDUCATION LOAN 
HOLDERS.—Each holder of a private education loan shall, 
not later than the date that is 3 months after the date 
of enactment of this Act, notify the borrower of such pri-
vate education loan that the borrower may be eligible to 
refinance the private education loan as a Federal Direct 
Stafford Loan under section 460B of the Higher Edu-
cation Act of 1965, and such Federal Direct Stafford 
Loan may be eligible for loan discharge under title I of 
this Act. 
SEC. 403. INAPPLICABILITY OF TITLE IV NEGOTIATED 
RULEMAKING AND MASTER CALENDAR EX-
CEPTION. 
Sections 482(c) and 492 of the Higher Education Act 
of 1965 (20 U.S.C. 1089(c), 1098a) shall not apply to 
this Act or any amendments made by this Act, or to any 
regulations promulgated under this Act or under such 
amendments. 
SEC. 404. DEFINITIONS. 
In this Act: 
(1) ELIGIBLE FEDERAL LOAN.—The term ‘‘eli-
gible Federal loan’’ means— 
(A) a loan made, insured, or guaranteed 
under title IV of the Higher Education Act of 
1965 (20 U.S.C. 1071 et seq.) (other than a 
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loan described in subparagraph (B)) on or be-
fore the date of enactment of this Act; or 
(B) a Federal Direct Stafford Loan issued 
under section 460B of the Higher Education 
Act of 1965, as added by title II of this Act, 
on a date that is not later than 9 months after 
the date of enactment of this Act. 
(2) PRIVATE
EDUCATION
LOAN.—The term 
‘‘private education loan’’ has the meaning given such 
term in section 140(a) of the Truth in Lending Act 
(15 U.S.C. 1650(a)). 
(3) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Education. 
(4) TAXPAYER.—The term ‘‘taxpayer’’ has the 
meaning given such term in section 7701 of the In-
ternal Revenue Code of 1986. 
Æ 
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