; and (ii) has not received the relief described in subsection (c)(1) on such eligible loan; or (B) who— (i) borrowed an eligible loan to finance the cost of enrollment at an institution of higher education that, according to findings by the Department of Education made on or before the date of enactment of this Act, made a false or misleading representation with respect to guaranteed employment or transferability of credits of such institution of higher education; (ii) in an application to the Secretary for a defense to repayment of such eligible loan, has asserted that the borrower (or the dependent student on whose behalf the eligible borrowed such eligible loan) relied on such false or misleading representation in deciding to enroll in such institution of higher education; and (iii) has not received the relief described in subsection (c)(1) on such eligible loan. (2) Eligible loan The term eligible loan means a loan made, insured, or guaranteed under part B or D of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1071 et seq.; 1087a et seq.). (c) Relief With respect to each eligible borrower, the Secretary shall— (1) not later than 45 days after the date of enactment of this Act, with respect to each eligible loan of the borrower described in subsection (b)(1)— (A) cancel or repay the full balance of interest and principal (including fees and charges) due on such loan; and (B) return to the borrower an amount equal to the total amount of payments (including voluntary and involuntary payments) made on the loan by the borrower; (2) not later than 60 days after the date of enactment of this section, report the cancellation or repayment under paragraph (1)(A) of each eligible loan to each consumer reporting agency to which the Secretary previously reported the status of the loan, so as to delete all adverse credit history assigned to the loan