1. Short title This Act may be cited as the Rural Revitalization Now Act . 2. Relocation and retention student loan program Section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e ) is amended by adding at the end the following: (r) Relocation and Retention Student Loan Repayment Program (1) In general (A) Enrolled loan amount A borrower may elect to enroll any combination of principal and accrued interest that has not been capitalized on eligible loans not in default as an enrolled loan balance under the program under this subsection in an amount that is equal to— (i) an amount agreed to by the borrower, Secretary, and sponsoring entity (or a combination of such sponsoring entities); and (ii) except as provided in paragraph (3)(B)(ii), the lesser of the following: (I) $50,000. (II) The total amount of eligible loans of such borrower. (B) Cancellation or repayment required The Secretary shall cancel or repay an amount determined under paragraph (2)(A) of the balance due on any enrolled loan balance not in default for a borrower who— (i) has maintained residence in a qualifying area during a 12-month period and such borrower attests that such residence is a primary residence