; and (4) by adding at the end the following: (3) (A) In addition to the other requirements of this subsection and in accordance with subparagraph (B), each eligible institution shall ensure that the student manually enter, either in writing or through electronic means, the exact dollar amount of Federal Direct Loan funding under part D that such student desires to borrow. (B) The eligible institution shall ensure that the student carries out the activity described in subparagraph (A)— (i) in the course of the process used by the institution for students to accept a student loan award; (ii) prior to the institution certifying a Federal Direct Loan under part D for disbursement to a student (other than a Federal Direct Consolidation Loan or a Federal Direct PLUS loan made on behalf of a student); and (iii) after ensuring that the student has completed all of the pre-loan counseling requirements under this subsection. . 3. Required periodic disclosures during periods when loan payments are not required Section 433 of the Higher Education Act of 1965 ( 20 U.S.C. 1083 ) is amended— (1) by redesignating subsection (f) as subsection (g); and (2) by inserting after subsection (e) the following: (f) Required periodic disclosures during periods when loan payments are not required During any period of time when a borrower of one or more loans, made, insured, or guaranteed under this part or part D is not required to make a payment to an eligible lender on the borrower's loan from that eligible lender, such eligible lender shall provide such borrower with a quarterly statement that includes, in simple and understandable terms— (1) the original principal amount of each of the borrower's loans, and the original principal amount of those loans in the aggregate; (2) the borrower's current balance, as of the time of the statement, as applicable; (3) the interest rate on each loan; (4) the total amount the borrower has paid in interest on each loan