; (iii) the right of the borrower to choose a private educational lender of their choice; (iv) the impact the private education loan for which the institution of higher education is submitting a private loan certification would have on the eligibility of the borrower for other financial assistance including Federal assistance under title IV of the Higher Education Act of 1965; (v) the right of the borrower to accept or reject a private education loan within the 30-day period following a private educational lender’s approval of the borrower’s application for a private education loan; and (vi) the right of the borrower to cancel any private educational loan within 3 days of the consummation of such loan. ; (2) by redesignating paragraphs (9), (10), and (11) as paragraphs (12), (13), and (14), respectively; and— (A) by inserting after paragraph (8) the following: (9) Loan statements for borrowers (A) In general A private educational lender that consummates a private education loan with respect to a student attending an institution of higher education shall provide a loan statement to the borrower not less than once every 3 months during the period during which the student attends the institution of higher education. (B) Contents of loan statement Any loan statement provided to a borrower pursuant to subparagraph (A) shall— (i) report the amount of the borrower's total remaining debt with the private educational lender, including any accrued but unpaid interest and capitalized interest