; and (B) means any other person that enters into a contract with the Secretary of Education pursuant to section 456 of the Higher Education Act of 1965 ( 20 U.S.C. 1087f ) to collect on a loan made, insured, or guaranteed under title IV of such Act ( 20 U.S.C. 1070 et seq.). (2) Federal student loan The term Federal student loan means a loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965. (3) Federal student loan debt The term Federal student loan debt means a debt with respect to a Federal student loan. (4) Income-driven repayment plan The term income-driven repayment plans means an income-driven repayment plan described under section 493C of the Higher Education Act of 1965 ( 20 U.S.C. 1098e ) made to a new borrower on or after July 1, 2014. (5) Similarly situated borrower With respect to a borrower, the term similarly situated borrower means another borrower that has the same income and family size characteristics. ; and (2) in the table of contents for such Act, by inserting after the item relating to section 811 the following: 811A. Collection restrictions with respect to Federal student loans. . (b) Debt waiver requirements Section 3711(g) of the title 31, United States Code, is amended by adding at the end the following: (11) The Secretary of the Treasury shall, before making a determination at the request of the Secretary of Education under paragraph (2)(B), require the Secretary of Education to establish regulations or procedures approved by the Secretary of the Treasury— (A) to ensure that any entity awarded a contract pursuant to section 456 of the Higher Education Act of 1965 ( 20 U.S.C. 1087f ) to collect payments from student loan borrowers in default complies with the requirements of the Fair Debt Collection Practices Act