; (2) by striking the period at the end of subparagraph (D) and inserting ; or ; and (3) by adding at the end the following: (E) during which the borrower is serving as a graduate volunteer in the Innovation Corps established under section 4 of the Innovation Corps Act of 2017 . . (b) Loan forgiveness With respect to any borrower of Federal student loans who completes 2 years of volunteer service as a graduate volunteer in the Innovation Corps established under section 4, the Secretary of Commerce shall repay, on behalf of such borrower, not more than $100,000 of the balance of principal and interest due on such loans as of the date of completion of such service. 6. Definitions In this Act: (1) Automation The term automation means the introduction of machinery into any enterprise that is intended to, or has the effect of, replacing human labor. (2) Federal student loan The term Federal student loan means a loan made under part D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1087a et seq.). (3) Institution of higher education The term institution of higher education has the meaning given such term in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 ). (4) Graduate volunteer The term graduate volunteer means a recent college graduate who volunteers in the Innovation Corps established under section 4. (5) Recent college graduate The term recent college graduate means an individual who has graduated from an institution of higher education not more than 2 years before applying to become a graduate volunteer in the Innovation Corps established under section 4. (6) Secretary The term Secretary means the Secretary of Commerce. (7) STEM field The term STEM field means science, technology, engineering, or mathematics.