; (2) in clause (ii), by striking ; and and inserting a period; and (3) by striking clause (iii). (b) Forbearance Section 428(c)(3)(C) of such Act of 1965 ( 20 U.S.C. 1078(c)(3)(C) ) is amended— (1) in clause (ii), by inserting and after the semicolon; and (2) by striking clauses (iii) and (iv) and inserting the following: (iii) the lender shall contact the borrower not less often than once every 180 days during the period of forbearance to inform the borrower of— (I) the amount of unpaid principal and the amount of interest that has accrued since the last statement of such amounts provided to the borrower by the lender; (II) the fact that interest will accrue on the loan for the period of forbearance; (III) the responsibility of the borrower to pay the interest that has accrued; and (IV) the borrower’s option to discontinue the forbearance at any time; and . (c) Required Disclosure Before Disbursement Section 433(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1083(a) ) is amended— (1) by amending paragraph (6) to read as follows: (6) for loans made under section 428H or to a student borrower under section 428B, an explanation that the borrower has the option to pay the interest that accrues on the loan while the borrower is a student at an institution of higher education; ; and (2) in paragraph (7)— (A) in subparagraph (A), by inserting and after the semicolon; (B) by striking subparagraph (B); and (C) by redesignating subparagraph (C) as subparagraph (B). (d) Required disclosure before repayment Section 433(b)(3) of the Higher Education Act of 1965 ( 20 U.S.C. 1083(b)(3) ) is amended by striking (including, if applicable, the estimated amount of interest to be capitalized) . (e) Special Disclosure Rules on PLUS Loans and Unsubsidized Loans Section 433(d) of the Higher Education Act of 1965 ( 20 U.S.C. 1083(d) ) is amended— (1) in the matter preceding paragraph (1)— (A) by striking resulting from capitalization of interest