; and (2) in the third sentence— (A) by inserting and after subpart 3 of part A, ; and (B) by striking compensation of students, and all that follows through the period and inserting compensation of students. . 4111. Income-based repayment plan (a) Options To enter into the new fixed repayment plan and income-Based repayment plan Section 493C(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e ) is amended— (1) by amending paragraph (8) to read as follows: (8) a borrower who is repaying a loan made, insured, or guaranteed under part B or D pursuant to an income contingent repayment plan or an income-based repayment plan described in subparagraph (D) or (E) of section 455(d)(1), respectively, may elect, at any time, to terminate repayment pursuant to income-based repayment and repay such loan under the income-based repayment plan under section 493C(f) or the fixed repayment plan described in section 493E; ; (2) in paragraph (9), by striking the period at the end and inserting ; and ; and (3) by adding at the end the following: (10) a borrower who is repaying a loan made under part B or D pursuant to this section may repay such loan in full at any time without penalty. . (b) Automatic recertification of income for income-Driven repayment plans Section 493C(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e(c) ) is amended— (1) by striking The Secretary shall establish and inserting the following: (1) In general The Secretary shall establish ; (2) by striking The Secretary shall consider and inserting the following: (2) Procedures for eligibility The Secretary shall— (A) consider ; and (3) by striking 428C(b)(1)(E). and inserting the following: 428C(b)(1)(E)