; and (B) by striking borrower of— and inserting borrower of paying the interest as the interest accrues. ; and (2) by striking paragraphs (1) and (2). (f) Disclosure Required prior to Perkins repayment Section 463A(b)(3) of the Higher Education Act of 1965 ( 20 U.S.C. 1087cc–1(b)(3) ) is amended by striking (including, if applicable, the estimated amount of interest to be capitalized) . (g) Departmental Publication of Descriptions of Assistance Programs Section 485(d)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1092(d)(1) ) is amended by striking , including the increase in debt that results from capitalization of interest . (h) Information To be provided during Entrance Counseling for Borrowers Section 485(l)(2)(C) of the Higher Education Act of 1965 ( 20 U.S.C. 1092(l)(2) ) is amended by striking and is capitalized . IV Interest Rates 401. Interest rate provisions for new Federal student loans on or after July 1, 2024 Section 455(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(b) ) is amended— (1) in paragraph (8)— (A) in the paragraph heading, by inserting , and before July 1, 2024 before the period; and (B) by inserting and before July 1, 2024, after July 1, 2013, each place it appears; (2) by redesignating paragraphs (9) and (10) as paragraphs (10) and (11), respectively