; and (II) in the case of a Federal Direct Unsubsidized Stafford Loan— (aa) at the time the borrower ends the election to make simplified income-driven repayment under this subsection; or (bb) at the time the borrower’s monthly payment calculation under subparagraph (A) exceeds the monthly payment calculation under the fixed repayment plan, based on a 10-year repayment period, when the borrower first made the election under subparagraph (A). (D) Any principal due and not paid under subparagraph (B) shall be deferred. (E) The amount of time a new borrower shall make monthly payments under subparagraph (A) may exceed 10 years. (F) If the borrower no longer wishes to continue the election under this subsection, then— (i) the maximum monthly payment required to be paid for all covered Federal Direct Loans shall be equal to the monthly amount calculated under section 428(b)(9)(A)(i) or 455(d)(1)(A), based on a 10-year repayment period, when the borrower first made the election described in this subsection; and (ii) the amount of time the borrower is permitted to repay such loans may exceed 10 years. (G) The Secretary shall cancel the outstanding balance of principal and interest due for a new borrower whose balance of principal of covered Federal Direct Loans did not exceed $57,500 on the date the borrower’s repayment period began, or whose balance of principal of covered Federal Direct Loans did not exceed the maximum aggregate amount of loans an independent undergraduate student could borrow, pursuant to section 428H(d)(4)(B), on the date the borrower’s final covered Federal Direct Loan was disbursed, whichever amount is greater, if the borrower— (i) at any time, elected to participate under subparagraph (A); and (ii) for 20 years— (I) made monthly payments pursuant to subparagraph (A)