; and (2) in paragraph (2)— (A) in the paragraph heading, by striking effective as of date of order to active duty and inserting effective date ; and (B) by inserting before the period at the end the following: in the case of an obligation or liability covered by subsection (a)(1), or as of the date the servicemember (or servicemember and spouse jointly) incurs the obligation or liability concerned under subsection (a)(2) . (c) Student loan defined Subsection (d) of such section is amended by adding at the end the following new paragraph: (3) Student loan The term student loan means the following: (A) A Federal student loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.). (B) A private student loan as that term is defined section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ). .