; (iv) entitles the borrower to accelerate without penalty repayment of the whole or any part of the loan; and (v) contains a notice of the system of disclosure concerning such loan to consumer reporting agencies under section 430A, and provides that the Secretary on request of the borrower will provide information on the repayment status of the note to such consumer reporting agencies. (b) Nondiscrimination in Loan Consolidation The Secretary shall not discriminate against any borrower seeking a loan under this section— (1) based on the number or type of eligible student loans the borrower seeks to consolidate; (2) based on the type or category of institution of higher education that the borrower attended; (3) based on the interest rate to be charged to the borrower with respect to the consolidation loan; or (4) with respect to the types of repayment schedules offered to such borrower. (c) Payment of Principal and Interest (1) Repayment schedules (A) Establishment (i) In general Notwithstanding any other provision of this part, the Secretary shall— (I) establish repayment terms as will promote the objectives of this section; and (II) provide a borrower with the option of the standard-repayment plan or income-based repayment plan under section 466(d) in lieu of such repayment terms. (ii) Schedule terms The repayment terms established under clause (i)(I) shall require that if the sum of the consolidation loan and the amount outstanding on other eligible student loans to the individual— (I) is less than $7,500, then such consolidation loan shall be repaid in not more than 10 years; (II) is equal to or greater than $7,500 but less than $10,000, then such consolidation loan shall be repaid in not more than 12 years; (III) is equal to or greater than $10,000 but less than $20,000, then such consolidation loan shall be repaid in not more than 15 years; (IV) is equal to or greater than $20,000 but less than $40,000, then such consolidation loan shall be repaid in not more than 20 years