; full-time employee The terms founder and full-time employee have the meanings given the terms in section 21(o)(1) of the Small Business Act ( 15 U.S.C. 648(o)(1) ). (D) Small business startup The term small business startup means a business that is certified by a small business development center under section 21(o)(3) of the Small Business Act ( 15 U.S.C. 648(o)(3) ). . (c) Conforming amendments Title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070a et seq.) is further amended— (1) in section 428J(g)(2), by striking section 455(m) and inserting subsection (m) or (r) of section 455 ; (2) in section 428K(f)— (A) by inserting subsection (m) or (r) of section 455 or before section 428J ; and (B) by striking 455(m) ; (3) in section 428L(g), by striking 455(m) and inserting subsection (m) or (r) of section 455 ; (4) in section 455(m)(4), by inserting subsection (r) or before section 428J ; and (5) in section 460(g)(2)(B), by striking section 455(m) and inserting subsection (m) or (r) of section 455 . 3. Small business development centers Section 21 of the Small Business Act ( 15 U.S.C. 648 ) is amended— (1) in subsection (c)(3)— (A) in subparagraph (S), by striking and at the end; (B) in subparagraph (T), by striking the period at the end and inserting a semicolon; and (C) by adding at the end the following: (U) certifying small business startups under subsection (o)(3); and (V) approving loan deferment or cancellation under paragraph (5) or (6) of subsection (o) for founders and full-time employees of certain small business startups. ; and (2) by adding at the end the following: (o) Deferment or cancellation of certain loans (1) Definitions In this subsection— (A) the term distressed area has the meaning given the term low-income community in section 45D(e) of the Internal Revenue Code of 1986; (B) the term eligible Federal Direct Loan has the meaning given the term in section 455(r)(2) of the Higher Education Act of 1965