; and (ii) for an eligible loan made, insured, or guaranteed under part B and held by a private lender, shall be added to the principal amount and capitalized at the time the borrower— (I) ends the election to make income-based repayment under this subsection; or (II) begins making payments of not less than the amount specified in paragraph (6)(A); . 202. Elimination of origination fees for Federal Direct Loans (a) Repeal of origination fees Subsection (c) of section 455 ( 20 U.S.C. 1087e(c) ) is repealed. (b) Effective date The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after July 1, 2019. III Providing assistance in situations of borrower distress 301. Limits on seizing income for debt relating to direct loans Part D of title IV ( 20 U.S.C. 1087a et seq.) is amended by adding at the end the following: 460A. Limits on seizing income for debt relating to direct loans (a) Definitions In this section— (1) the term adjusted gross income has the meaning given the term in section 62 of the Internal Revenue Code of 1986