; (2) in paragraph (4), as redesignated by paragraph (1), by striking paragraph (2) and inserting paragraph (3) ; and (3) by inserting after paragraph (1) the following: (2) Fairness in loan repayment With respect to any new borrower on or after July 1, 2020, who elects a repayment plan that is authorized, created under the authority of, or otherwise offered by the Secretary under subparagraph (D) or (E) of paragraph (1), the borrower shall not be subject to a maximum monthly payment based on a 10-year standard repayment plan as described in section 493C(b)(6)(A) or any other maximum monthly payment. .