; and (ii) demonstrates to the Secretary in the agreement under paragraph (2)(A) that a sponsoring entity certified in accordance with paragraph (3)(A) (or a combination of such sponsoring entities) will, except as provided in paragraph (3)(B)(ii), match the amounts cancelled or repaid by the Secretary as payments made by such sponsoring entity (or a combination of such sponsoring entities) towards the repayment of the enrolled loan balance. (C) Certification The Secretary shall establish a user-friendly, simplified, and electronic process using the online portal required under paragraph (5)(B) through which a borrower who makes an election to enroll eligible loans into an enrolled loan balance under subparagraph (A) shall annually certify enrollment in the program under this subsection. (D) No payments required by borrower A borrower may not be required to make payments with respect to the enrolled loan balance (or payments on the interest that accrues on the total amount of such enrolled loan balance) during any 12-month period in which the borrower is enrolled in the program under this subsection. (2) Schedule (A) Agreement Subject to subparagraph (B), the Secretary shall enter into an agreement with a borrower and sponsoring entity (or a combination of such sponsoring entities) to cancel or repay an amount with respect to each 12-month period described under paragraph (1)(B)(i) such that over the period of 96 months the total amount of cancellation under paragraph (1) is equal to an amount that, except as provided in paragraph (3)(B)(ii), is equal to the lesser of the following: (i) $25,000 toward the enrolled loan balance, plus the interest that accrues on the total amount of the enrolled loan balance under paragraph (1)(A). (ii) Half of the total amount of the enrolled loan balance, plus the interest that accrues on the total amount of the enrolled loan balance under paragraph (1)(A). (B) Increased cancellation amounts over time The Secretary shall establish a standardized cancellation or repayment schedule