; (B) in subparagraph (B), by striking capitalized or ; and (C) by adding at the end the following: (6) Forbearance At the expiration of a period of forbearance, interest shall not be capitalized on any loans made under this part. . (2) Application of amendment The amendments made by paragraph (1) shall apply to any deferment or forbearance period in effect on the date of enactment of this Act, or any deferment or forbearance period beginning on or after such date of enactment. (h) Income-Based Repayment program Section 493C(b)(3) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e(b)(3) ) is amended to read as follows: (3) on subsidized loans, any interest due and not paid under paragraph (2) shall be paid by the Secretary for a period of not more than 3 years after the date of the borrower’s election under paragraph (1), except that such period shall not include any period during which the borrower is in deferment due to an economic hardship described in section 435(o); . (i) Notes and insurance certificates in Combined Payment plans Section 485A(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1092a(f) ) is amended by adding at the end the following new paragraph: (3) Treatment of interest Not withstanding paragraphs (1) and (2), beginning on the date of enactment of the LOAN Act, interest on a loan reissued under subsection (e) shall not be capitalized, and interest shall only accrue on the percentage of such reissued loan that is equal to— (A) the amount of the outstanding principal on the original loan on the date it was reissued; divided by (B) the total amount of such reissued loan on the date such loan was reissued. . 302. Elimination of disclosure requirements relating to capitalization (a) Insurance Program Agreements To Qualify Loans for Interest Subsidies Section 428(b)(1)(Y) of the Higher Education Act of 1965 ( 20 U.S.C. 1078(b)(1)(Y) ) is amended— (1) in clause (i)(IV), by inserting and after the semicolon; (2) in clause (ii), by striking ; and and inserting a period