; and (2) by striking (a) In general .—Upon and inserting the following: Upon . 3 Including Parent PLUS Loans in Income-Contingent and Income-Based Repayment Plans 8211. Applicable rate of interest for PLUS loans Section 455(b)(8) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b)(8) ) is amended— (1) in subparagraph (C), by inserting and before July 1, 2019, after , 2013, ; and (2) by adding at the end the following: (F) Reduced rate for Parent PLUS loans Notwithstanding the preceding paragraphs of this subsection, for Federal Direct PLUS Loans made on behalf of a dependent student for which the first disbursement is made on or after July 1, 2019, the applicable rate of interest shall be determined under subparagraph (C) of this paragraph— (i) by substituting 3.6 percent for 4.6 percent