; or (ii) to a new borrower (as defined in section 460A(a)(2)), may provide the borrower the option to enroll in the repayment plan described in paragraph (2)(B). (6) Applicability provision (A) In general Except as provided in paragraph (5) and subparagraph (B), the repayment plans under subparagraphs (B), (C), (D), and (E) of paragraph (1) are not available for a borrower who received the borrower's first disbursement of a Federal Direct Loan on or after July 1, 2018. (B) Exception The repayment plans available to a borrower of a Federal Direct PLUS Loan made on behalf of a dependent student or a Federal Direct Consolidation Loan whose proceeds were used to discharge the liability of a Federal Direct PLUS Loan made on behalf of a dependent student or a loan under section 428B made on behalf of a dependent student on or after July 1, 2018, shall be those described under subparagraphs (A), (B), and (C) of paragraph (1). . 3. Income-based repayment for new borrowers and new loans Part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.) is amended by adding at the end the following: 460A. Income-based repayment plan (a) Definitions (1) Covered Federal Direct Loan The term covered Federal Direct Loan means a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct Consolidation Loan (other than an excepted consolidation loan), or a Federal Direct PLUS Loan (other than an excepted plus loan) made under this part. (2) New borrower The term new borrower means a borrower who— (A) as of July 1, 2018, has no outstanding balance on a student loan made, insured, or guaranteed under part B or D; or (B) has no outstanding balance on a student loan made, insured, or guaranteed under part B or D on the date the borrower receives a loan made under part D on or after July 1, 2018. (3) Excepted plus loan