; or (2) in the case of a loan that, as of the effective date described in subsection (a), is in a period where interest is accruing and not added, but will be capitalized under such part, the day after the interest is capitalized under such part, as in effect before the effective date. (c) Applicability with respect to forbearance and deferment for Direct Loan borrowers With respect to any borrower of a loan under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) that is, or has been, in forbearance or deferment as of the day before the effective date described in subsection (a), the Secretary shall take such steps as are necessary— (1) to transfer a borrower with a loan in forbearance or deferment as of such day automatically into relief provided under the pause payment process established under section 460B of such Act (as amended by this Act); and (2) to ensure that the period of time for which a borrower is eligible for pause payment under such section 460B for a loan is appropriately reduced to account for any time the loan was previously in forbearance or deferment. (d) Regulations Before the effective date described in subsection (a), the Secretary of Education shall carry out a plan to end all eligibility for repayment plans other than a fixed repayment plan described in section 493E of the Higher Education Act of 1965 ( 20 U.S.C. 1098b ) and an income-based repayment plan under section 493C(c) of such Act ( 20 U.S.C. 1098e(f) ) for loans made under part B or D of title IV of such Act, unless the borrower is enrolled in another repayment plan before such effective date, in accordance with the amendments made by this Act.