1. Short title This Act may be cited as the Student Loan Relief Act . 2. Writing down balances for Federal student loan borrowers (a) In general Not later than 90 days after the date of enactment of this Act, the Secretary shall cancel or repay an amount on the outstanding balance due (including the unpaid principal amount, any accrued interest, and any fees or charges) on the Federal student loans of a borrower that is equal to the lesser of— (1) $25,000; or (2) the total outstanding balance due on such loans of the borrower. (b) Application Unless otherwise requested by the borrower in writing, a cancellation or repayment under subsection (a) shall be applied— (1) in the case of a borrower whose loans have different applicable rates of interest, first toward the outstanding balance due on the loan with the highest applicable rate of interest among such loans