1. Short title This Act may be cited as the Know Your Repayment Options Act . 2. Individualized repayment plan guide (a) Exit counseling Section 485(b)(1)(A)(i) of the Higher Education Act of 1965 ( 20 U.S.C. 1092(b)(1)(A)(i) ) is amended by inserting, or, if available, the information described in subsection (n)(1), after monthly payments; . (b) Individualized repayment plan guide Section 485 of the Higher Education Act of 1965 ( 20 U.S.C. 1092 ) is amended by adding at the end the following: (n) Individualized repayment plan guide Beginning 1 year after a borrower receives exit counseling under subsection (b), and annually thereafter until the borrower has repaid each loan of the borrower that is made, insured, or guaranteed under part B (other than loans made pursuant to section 428C or loans under section 428B made on behalf of a student) or made under part D (other than Federal Direct Consolidation Loans or Federal Direct PLUS Loans made on behalf of a student), the Secretary shall— (1) provide the borrower (based on the borrower’s annual income and the outstanding balance of principal and interest due on all such loans), for each repayment plan available for such loans— (A) the average anticipated monthly payment amount; (B) the yearly payment amount; (C) the lifetime payment amount; (D) the number of months remaining to pay off the loans; (E) the amount of the loans that have been forgiven; (F) a link to the place on the Web site of the Department that allows borrowers to change repayment plans or provides information about changing such plans; and (G) any other information the Secretary determines may be helpful to the borrower in determining which repayment payment plan the borrower should choose