; and (B) that otherwise meet the requirements of this section. . 4112. Fixed repayment plan Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.) is amended by adding at the end the following: 493E. Fixed repayment plan (a) In general A borrower of a loan made under this part on or after July 1, 2019, and a borrower who is in repayment on a loan made under part B or part D before July 1, 2019, may elect to repay such loan under the fixed repayment plan described in this section. (b) Fixed repayment plan Under the fixed repayment plan, a borrower with a total Federal student loan debt amount that— (1) is equal to or less than $20,000, shall repay each loan described in subsection (a) with a fixed monthly repayment amount paid over a period of 10 years; (2) is more than $20,000 and less than $30,000, shall repay each loan described in subsection (a) with a fixed monthly repayment amount paid over a period of— (A) 15 years; or (B) the period described in paragraph (1), if the borrower so chooses; (3) is equal to or greater than $30,000, and less than $40,000, shall repay each loan described in subsection (a) with a fixed monthly repayment amount paid over a period of— (A) 20 years; 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