; and (II) reduced by 10 percentage points for each $2,000 by which the borrower’s adjusted gross income (in the case of a married borrower (regardless of filing status)), exceeds $160,000. (B) Subsection (b)(7)(B) shall apply by substituting 20 years for 25 years . (C) A borrower of such a loan may elect, and remain enrolled in, the income-based repayment plan under this subsection regardless of— (i) whether such borrower has a partial financial hardship; and (ii) the income level of the borrower. (D) Notwithstanding subparagraph (A) of subsection (b)(6), a borrower’s monthly payment— (i) shall be equal to the repayment amount determined under subparagraph (A) divided by 12; and (ii) may exceed the monthly repayment amount under a standard 10-year repayment plan or a fixed repayment plan described in section 493E. (E) Subparagraph (B) of subsection (b)(3) shall not apply. (F) Subsection (d) shall not apply. (G) In the case of a Federal Direct Consolidation Loan made on or after the date of enactment of the College Affordability Act that is being repaid under this subsection, any monthly payment made pursuant to any repayment plan listed in subsection (b)(7)(B) on a loan for which the liability has been discharged by the proceeds of such consolidation loan shall be treated as a monthly payment under this subsection on the portion of such consolidation loan that is attributable to such discharged loan, except that in the case of a subsequent consolidation loan, for purposes of this clause— (i) any monthly payment made on the first consolidation loan or any other loan for which the liability has been discharged by such subsequent consolidation loan shall be applicable