; (ii) subsection (m); or (iii) section 428J, 428K, 428L, or 460. (3) Definitions In this subsection: (A) Distressed area The term distressed area means an area identified under section 47 of the Small Business Act ( 16 U.S.C. 631 et seq. ). (B) Eligible Federal Direct Loan The term eligible Federal Direct Loan means a Federal Direct Stafford Loan, Federal Direct PLUS Loan, or Federal Direct Unsubsidized Stafford Loan, or a Federal Direct Consolidation Loan. (C) Founder The term founder shall have the meaning given such term by the Administrator of the Small Business Administration under this paragraph. (D) Small business start-up The term small business start-up means a business that is certified by the young entrepreneurs business center under section 47 of the Small Business Act ( 16 U.S.C. 631 et seq. ). (E) Small business start-up job The term small business start-up job means a full-time job as an employee of a small business start-up. . 3. Loan refinancing (a) In general Part D of title IV of the Higher Education Act of 1965 is amended by adding at the end the following: 460. Federal Direct Refinanced Private Loan program (a) Definitions In this section: (1) Eligible private education loan The term eligible private education loan means a private education loan, as defined in section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ), that was for the borrower’s own postsecondary educational expenses for an eligible program at an institution of higher education participating in the loan program under this part, as of the date that the loan was disbursed. (2) Federal Direct Refinanced Private Loan The term Federal Direct Refinanced Private Loan means a loan issued under subsection (b)(1). (3) Private educational lender The term private educational lender has the meaning given the term in section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ). (4) Qualified borrower The term qualified borrower means an individual who— (A) has an eligible private education loan