; (2) that the institution, unless otherwise specified in this subsection, shall operate the program consistent with the requirements of agreements established under section 454; (3) that the institution will pay matching funds, quarterly, in an amount agreed to by the institution and the Secretary, to an escrow account approved by the Secretary, for the purpose of providing loan benefits to borrowers; (4) that if the institution fails to meet the requirements of paragraph (3), the Secretary shall suspend or terminate the institution’s eligibility to make Federal Direct Perkins Loans under section 455A until such time as the Secretary determines, in accordance with section 498, that the institution has met the requirements of such paragraph; and (5) that if the institution ceases to be eligible to receive Federal loans under this title based on loss of eligibility under section 435(a), as amended, due to a high adjusted cohort default rate, the Secretary shall suspend or terminate the institution’s eligibility to make Federal Direct Perkins Loans under section 455A unless and until the institution would qualify for a resumption of eligible institution status under such section. . (b) Effective date The amendments made by paragraph (2) of subsection (a) shall take effect on October 1, 2019. 4075. Student loan information by eligible institutions for purposes of the Perkins loan program Section 463A of the Higher Education Act of 1965 ( 20 U.S.C. 1087cc–1 ) is amended— (1) in subsection (a), by striking Each institution and inserting For loans made before July 1, 2019, each institution ; and (2) in subsection (b), by striking Each institution and inserting For loans made before July 1, 2019, each institution . 4076. Terms of loans for purposes of the Perkins loan program Section 464 of the Higher Education Act of 1965 ( 20 U.S.C. 1087dd ) is amended— (1) in subsection (a)(1), by striking section 463 and inserting section 463(a) ; (2) in subsection (b)(1), by inserting made before July 1, 2019, after A loan