; or (B) the period described in paragraph (1) or (2), if the borrower so chooses; and (4) is equal to or greater than $40,000, shall repay each loan described in subsection (a) with a fixed monthly repayment amount paid over a period of— (A) 25 years; or (B) the period described in any of paragraphs (1) through (3), if the borrower so chooses. . 4113. Longitudinal study on the effectiveness of student loan counseling (a) In general Not later than 1 year after the date of enactment of this Act, the Secretary of Education, acting through the Director of the Institute of Education Sciences, shall begin conducting a rigorous, longitudinal study of the impact and effectiveness of the student loan counseling— (1) provided under subsections (b), (l), and (n) of section 485 of the Higher Education Act of 1965 ( 20 U.S.C. 1092 ), as amended by this Act; and (2) provided through such other means as the Secretary of Education may determine. (b) Contents (1) Borrower information The longitudinal study carried out under subsection (a) shall include borrower information, in the aggregate and disaggregated by race (as defined in section 153(a)(3) of the Education Sciences Reform Act of 2002 ( 20 U.S.C. 9543 ), as amended by the Aim Higher Act), ethnicity, gender, income, status as an individual with a disability, and status as a first generation college student (defined in section 402A(h)(3)), on— (A) student persistence; (B) degree attainment; (C) program completion; (D) successful entry into student loan repayment; (E) cumulative borrowing levels