; exceeds (bb) 150 percent of the poverty line applicable to the borrower's family size as determined under section 673(2) of the Community Services Block Grant Act ( 42 U.S.C. 9902(2) ). (D) Methodology of payment The Secretary shall establish an amortization schedule for the repayment of financing fees charged under this subsection. (4) Rulemaking for consolidation Not later than 18 months after the date of enactment of the Leveraging Opportunities for Americans Now Act of 2023 , the Secretary shall promulgate rules regarding Federal Direct Consolidation Loans made under this part in accordance with this subsection, including a rule that the financing fee for such a Federal Direct Consolidation Loan determined in accordance with this subsection shall not exceed the sum of the financing fees applicable to the consolidated loans. . 3. Income dependent education assistance repayment plan Part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq. ) is amended by adding at the end the following: 460A. Income dependent education assistance repayment plan (a) In general (1) Applicability Notwithstanding any other provision of this Act, with respect to any loan made under this part after the date of enactment of the Leveraging Opportunities for Americans Now Act of 2023 , the repayment plan options are only a 10-year fixed repayment plan and the repayment plan under this section. If the borrower of the loan does not select a repayment plan, the repayment of such loan shall be made in accordance with this section. A borrower of a loan made under this part after the date of enactment of the Leveraging Opportunities for Americans Now Act of 2023 may affirmatively select the repayment plan under this section. (2) Regulations Not later than 18 months after the date of enactment of the Leveraging Opportunities for Americans Now Act of 2023 , the Secretary shall promulgate rules— (A) outlining how the Department will implement the income dependent education assistance repayment plan requirements for