; and (B) such Federal Direct Consolidation Loan may be eligible for loan discharge under title I of this Act. (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 title I of this Act. 403. 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 Act or any amendments made by this Act, or to any regulations promulgated under this Act or under such amendments. 404. Definitions In this Act: (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; or (B) a Federal Direct Stafford Loan issued under section 460B of the Higher Education Act of 1965, as added by title II of this Act, on a date that is not later than 9 months after the date of enactment of this Act. (2) Private education loan The term private education loan has the meaning given such term in section 140(a) of the Truth in Lending Act ( 15 U.S.C. 1650(a) ). (3) Secretary The term Secretary means the Secretary of Education. (4) Taxpayer The term taxpayer has the meaning given such term in section 7701 of the Internal Revenue Code of 1986.