verbal, or electronic application or reapplication 
for an income-contingent or income-based re-
payment plan with respect to such loan; and 
‘‘(B) under an application described in 
subparagraph (A), self-certify the income and 
family size of such borrower. 
‘‘(2) CHANGE
OF
REPAYMENT
PLANS.—With 
respect to a covered loan, in the case of a borrower 
of such a loan who opts to change the repayment 
plan in which such borrower was enrolled on the 
date of the enactment of this section, no fee or pay-
ment shall be required during the period in which it 
takes such borrower to become enrolled in such re-
payment plan. 
‘‘(3) ECONOMIC HARDSHIP.— 
‘‘(A) IN GENERAL.—A borrower of a cov-
ered loan who, due to an economic hardship, is 
unable to make payments with respect to such 
loan on or after the first day on which the bor-
rower’s payment obligations on such loan are no 
longer suspended, may apply to the Secretary 
for an economic hardship deferment for the pe-
riod beginning on the date of enactment of the 
Student Loan Borrower Safety Net Act of 2021 
and ending on the date that is one year after 
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pamtmann on DSKBC07HB2PROD with BILLS
the first day on which the borrower’s payment 
obligations on such loan are no longer sus-
pended. To apply for such a deferment, a bor-
rower shall submit a written, verbal, or elec-
tronic certification of such economic hardship to 
the Secretary. 
‘‘(B) NOTIFICATION.—The Secretary and 
any other servicer of a covered loan shall notify 
borrowers who miss a payment on such a loan 
of the availability of— 
‘‘(i) income-based and income-contin-
gent repayment plans available in accord-
ance with paragraph (1); and 
‘‘(ii) an economic hardship deferment 
under this paragraph. 
‘‘(C) TREATMENT
OF
BORROWER
WITH 
ECONOMIC HARDSHIP.—In the case of a bor-
rower who submits certification of an economic 
hardship under subparagraph (A), the Sec-
retary shall treat such borrower in the same 
manner as a borrower with an economic hard-
ship under section 435(o) of the Higher Edu-
cation Act of 1965 (20 U.S.C. 1085(o)). 
‘‘(j) MISSED PAYMENTS.—In the case of a borrower 
of a covered loan who misses a payment or payments on 
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such a loan for the 60-day period beginning on the first 
day on which the borrower’s payment obligations on such 
loan are no longer suspended, the Secretary or the holder 
of a loan described in subsection (k)(2) shall— 
‘‘(1) hold such loan in administrative forbear-
ance for a 90-day period beginning on the date that 
is 60 days after the first day on which the bor-
rower’s payment obligations on such loan are no 
longer suspended; and 
‘‘(2) contact such borrower on at least 6 sepa-
rate occasions regarding the information included in 
subsection (g). 
‘‘(k) COVERED LOAN.—In this section, the term ‘cov-
ered loan’ means— 
‘‘(1) a loan described in subsection (a); or 
‘‘(2) a loan— 
‘‘(A) made, insured, or guaranteed under 
part B of title IV of the Higher Education Act 
of 1965 (20 U.S.C. 1071 et seq.); and 
‘‘(B) for which payments were sus-
pended— 
‘‘(i) pursuant to the Higher Education 
Relief Opportunities for Students Act of 
2003 (Public Law 108–76; 20 U.S.C. 1070 
note); and 
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pamtmann on DSKBC07HB2PROD with BILLS
‘‘(ii) during a qualifying emergency.’’. 
Æ 
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