; (2) by striking subparagraph (B); and (3) by redesignating subparagraph (C) as subparagraph (B). (e) Income contingent repayment Section 455(e)(5) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(e)(5) ) is amended by striking the last sentence and inserting No interest may be capitalized on such loan on or after the date of the enactment of the College Cost Reduction Act , and the Secretary shall promulgate regulations with respect to the treatment of accrued interest that is not capitalized . (f) Effect of deferment on principal and interest Section 455(f)(1)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(f)(1)(B) ) is amended by striking capitalized or . (g) Income-Based repayment program Section 493C(b)(3)(B) of the Higher Education Act of 1965 ( 20 U.S.C. 1098e(b)(3)(B) ) is amended by inserting shall accrue but not before be capitalized . 225. Origination fees (a) Repeal of origination fees Subsection (c) of section 455 of the Higher Education Act of 1965 ( 20 U.S.C. 1087e(c) ) is repealed. (b) Effective date The amendment made by subsection (a) shall apply with respect to loans made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq. ) for which the first disbursement of principal is made, or, in the case of a Federal Direct Consolidation Loan, the application is received, on or after July 1, 2024. III Accountability and Student Success A Accountability 1 Department of Education 301. Agreements with institutions Section 454 of the Higher Education Act of 1965 ( 20 U.S.C. 1087d ) is amended— (1) in subsection (a)— (A) in paragraph (5), by striking and after the semicolon; (B) by redesignating paragraph (6) as paragraph (7); and (C) by inserting after paragraph (5) the following new paragraph: (6) remit annual risk-sharing payments to the Secretary in accordance with the requirements under subsection (d); and