; and (II) began such employment during the 5-year period beginning on the date that the small business startup was established (as determined by such small business development center); and (ii) during the time period for which the borrower has been approved by the small business development center, which in no case shall be more than 10 years after the date on which the small business startup was established, has made 24 monthly payments on the eligible Federal Direct Loan pursuant to any repayment plan under subsection (d)(1) or a combination of such plans while so employed. (B) Loan cancellation maximum The Secretary shall cancel under this subsection not more than an aggregate of $20,000 of the loan obligation on the eligible Federal Direct Loans of a borrower. (C) Timing requirements Each of the 24 monthly payments required under this subsection shall be made after the date of enactment of this subsection. (D) Ineligibility for double benefits No borrower may, for the same service, receive a reduction of loan obligations under both this subsection and— (i) subsection (m); or (ii) section 428J, 428K, 428L, or 460. (2) Definitions In this subsection: (A) Distressed area The term distressed area has the meaning given the term in section 21(o)(1) of the Small Business Act ( 15 U.S.C. 648(o)(1) ). (B) Eligible Federal direct loan The term eligible Federal Direct Loan means a Federal Direct Stafford Loan, Federal Direct PLUS Loan, Federal Direct Unsubsidized Stafford Loan, or a Federal Direct Consolidation Loan. (C) Founder