; or (ii) principal occurring as a consequence of interest capitalization under subsection (a)(2)(B). (c) Repayment plans (1) Design and selection Not more than 6 months prior to the date on which a borrower’s first payment on a loan made under this part is due, the Secretary shall offer the borrower two plans for repayment of such loan, including principal and interest on the loan. The borrower shall be entitled to accelerate, without penalty, repayment on the borrower’s loans under this part. The borrower may choose— (A) a standard repayment plan with a fixed monthly repayment amount paid over a fixed period of time, not to exceed 10 years