; or (ii) part E of title VIII of the Public Health Service Act ( 42 U.S.C. 297a et seq.). (2) Qualified borrower The term qualified borrower means a borrower of a loan under this part, or FFEL, Perkins, or PHSA student loan, for which the first disbursement was made, or the application for a consolidation loan was received, before July 1, 2020. (b) In general Beginning not later than 90 days after the date of enactment of the Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020, the Secretary shall establish a program under which the Secretary makes a loan under this part, in accordance with the provisions of this section, in order to permit a qualified borrower to obtain the interest rate provided under subsection (d). (c) Refinancing Direct Loans (1) Federal Direct Loans (A) In general By not later than 120 days after the date of enactment of the Bank on Students Coronavirus Emergency Loan Refinancing Act of 2020, the Secretary shall repay a Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan of the qualified borrower, for which the first disbursement was made, or the application for the consolidation loan was received, before July 1, 2020, with the proceeds of a refinanced Federal Direct Stafford Loan, a Federal Direct Unsubsidized Stafford Loan, a Federal Direct PLUS Loan, or a Federal Direct Consolidation Loan, respectively, issued to the borrower under this section in an amount equal to the sum of the unpaid principal, accrued unpaid interest, and late charges of the original loan. (B) Information The Secretary shall notify each qualified borrower of a loan refinanced under subparagraph (A) regarding the refinancing and the benefits the refinancing provides to the qualified borrower. (2) Refinancing FFEL, Perkins, or PHSA student loans as refinanced federal direct loans Upon application of a qualified borrower of any FFEL, Perkins, or PHSA student loan, the Secretary shall make a loan under this part,