; and (B) under which servicers and holders of Federal student loans shall provide to borrowers such consumer information, and in such manner, as determined appropriate by the Secretaries, based on conducting consumer testing to determine how to make the information as meaningful to borrowers as possible. (2) Federal student loans A loan described in this paragraph is— (A) a loan made under subpart II of part A of title VII of the Public Health Service Act or under part E of title VIII of such Act; or (B) a loan made under part E of the Higher Education Act of 1965. (d) Special rule for interest on Federal Direct Consolidation Loans Any Federal Direct Consolidation Loan for which the application is received during the period described in subsection (e), shall bear interest at an annual rate as calculated under section 455(b)(8)(D) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b)(8)(D) ), without regard to the requirement to round the weighted average of the interest rate to the nearest higher one-eighth of one percent. (e) Period The period described in this clause is the period beginning on the date of enactment of this Act, and ending on the later of— (1) September 30, 2021