; (B) to minimize inequities between Federal Direct Refinanced Private Loans and other Federal student loans; (C) to preclude windfall profits for private educational lenders; and (D) to ensure full access to the program authorized in this subsection for borrowers with private loans who otherwise meet the criteria established in accordance with subparagraph (A) . (c) Interest rate (1) In general The interest rate for a Federal Direct Refinanced Private Loan is a rate equal to the interest rate determined under section 455(b)(9)(A) for the date on which the refinanced private loan is made. (2) Fixed rate The interest rate determined under this subsection for a Federal Direct Refinanced Private Loan shall be fixed for the period of the loan. (3) Capitalized interest and fees excluded With respect to a Federal Direct Refinanced Private Loan under this section, interest shall only accrue on the percentage of such Refinanced Private Loan that is equal to— (A) the amount of the unpaid principal of the original loan comprising the Refinanced Private Loan on the date such original loan was refinanced