; and (B) by adding at the end the following: (vi) has made payments under the income-based repayment plan under section 493C(f); or (vii) has made payments under the fixed repayment plan described in section 493E; ; (2) by amending paragraph (8) to read as follows: (8) a borrower who is repaying a loan made under part B or D pursuant to income-based repayment 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; ; (3) in paragraph (9), by striking the period at the end and inserting ; and ; and (4) by adding at the end the following: (10) a borrower who is repaying a loan made, insured, or guaranteed under part B or D pursuant to this section may repay such loan in full at any time without penalty. . (b) Income-Based repayment Section 493C of the Higher Education Act of 1965 ( 20 U.S.C. 1098e ) is amended by adding at the end the following: (f) Income-Based repayment for new loans on and after July 1, 2021, and for borrowers who enter income-Based repayment after June 30, 2021 (1) In general The income-based repayment plan under this subsection shall be carried out in accordance with this section, except as otherwise specified in this subsection— (A) with respect to any loan made under part D on or after July 1, 2021, if such borrower elects such income-based repayment plan for the loan