; or (2) adjust the obligation to preserve the interests of all parties. 9. Student loans (a) Definition of student loan In this section, the term student loan means the following: (1) A loan made, insured, or guaranteed under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.), including any Federal Direct Stafford Loan, Federal Direct Unsubsidized Stafford Loan, Federal Direct PLUS Loan, or Federal Direct Consolidation Loan. (2) A private education loan, as such term is defined in section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ). (b) Application to student loans This section shall apply to any situation in which— (1) the student loan payment of a Federal worker falls due or remains unpaid during a covered period