; (D) the options of the borrower to prepay the consolidation loan, to pay such loan on a shorter schedule, and to change repayment plans; (E) the consequences of default on the consolidation loan; and (F) that by applying for a consolidation loan, the borrower is not obligated to agree to take the consolidation loan; and (6) not make such a loan to an eligible borrower, unless— (A) the borrower has agreed to notify the Secretary promptly concerning any change of address; and (B) the loan is evidenced by a note or other written agreement which— (i) is made without security and without endorsement, except that if— (I) the borrower is a minor and such note or other written agreement executed by him or her would not, under applicable law, create a binding obligation, endorsement may be required; or (II) the borrower desires to include in the consolidation loan, a Federal ONE Parent Loan, or a loan under section 428B, or a Federal Direct PLUS loan, made on behalf of a dependent student, endorsement shall be required; (ii) provides for the payment of interest and the repayment of principal as described in paragraph (2); (iii) provides that during any period for which the borrower would be eligible for a deferral under section 469A, which period shall not be included in determining the repayment schedule pursuant to subsection (c)— (I) periodic installments of principal need not be paid, but interest shall accrue and be paid by the borrower or be capitalized; and (II) except as otherwise provided under subsections (f) and (g) of section 465, the Secretary shall not pay interest on any portion of the consolidation loan, without regard to whether the portion repays Federal Stafford Loans for which the student borrower received an interest subsidy under section 428 or Federal Direct Stafford Loans for which the borrower received an interest subsidy under section 455; (iv) entitles the borrower to accelerate without penalty repayment of the whole or any part of the loan