; and (B) such Federal Direct Consolidation Loan may be eligible for loan discharge under part 1 of this subtitle. (b) Notification by private education loan holders Each holder of a private education loan shall, not later than the date that is 3 months after the date of enactment of this Act, notify the borrower of such private education loan that the borrower may be eligible to refinance the private education loan as a Federal Direct Stafford Loan under section 460B of the Higher Education Act of 1965, and such Federal Direct Stafford Loan may be eligible for loan discharge under part 1 of this subtitle. 51943. Inapplicability of title IV negotiated rulemaking and master calendar exception Sections 482(c) and 492 of the Higher Education Act of 1965 ( 20 U.S.C. 1089(c) , 1098a) shall not apply to this subtitle or any amendments made by this subtitle, or to any regulations promulgated under this subtitle or under such amendments. 51944. Definitions In this subtitle: (1) Eligible Federal loan The term eligible Federal loan means— (A) a loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.) (other than a loan described in subparagraph (B)) on or before the date of enactment of this Act