in 2020 general elections (a) Repayments by Election Assistance Commission The Commission shall make a payment to each eligible State for the costs incurred by the State in repaying (by direct payments on behalf of a qualified student volunteer) a portion of a student loan previously taken out by an individual who serves as a qualified student volunteer with respect to a regularly scheduled general election for Federal office held in the State in November 2020. (b) Eligibility A State is eligible to receive a payment under this section if the State submits to the Commission, at such time and in such form as the Commission may require, an application containing such information and assurances as the Commission may require. (c) Amount of repayment Subject to the amount of the payment made to the State under subsection (d), the amount of the costs the State incurs on behalf of a qualified student volunteer for purposes of subsection (a) shall be equal to the product of— (1) a repayment rate established by the Commission