; or (ii) has completed the servicing and collection of such student loans; and (B) has completed the asset distribution required under section 466(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087ff(b) ), as in effect pursuant to subsection (a). (c) Collection of interest on certain student loans In the case of an institution of higher education that, on or after October 1, 2006, loaned an amount to its student loan fund established under part E of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087aa et seq.), as in effect pursuant to subsection (a), for the purpose of making student loans from such fund, and that, before the date of enactment of this Act, has repaid to itself the amount loaned to such student loan fund, the institution shall collect any interest earned on such student loans. (d) Assignment of loans to Secretary Notwithstanding the requirements of section 463(a)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1087cc(a)(5) ), as in effect pursuant to subsection (a), if an institution of higher education determines not to service and collect student loans made available from funds under part E of such Act ( 20 U.S.C. 1087aa et seq.), as so in effect— (1) the institution shall assign, during the repayment period, any notes or evidence of obligations of student loans made from such funds to the Secretary