; and (2) for each eligible Federal student loan of the borrower that is not held by the Department of Education— (A) through the holder of a loan, assume the obligation to repay the outstanding balance of principal, interest, and fees due on the loan; and (B) upon assuming such obligation, cancel the outstanding balance of such principal, interest, and fees. (e) Repayment refunds prohibited Nothing in this section shall be construed to authorize the refund of any payments made by a borrower on an eligible Federal student before the date on which the borrower’s loans are forgiven in accordance with this section. (f) Definitions In this section: (1) Eligible Federal student loan The term eligible Federal student loan means a loan— (A) received by a borrower at least 10 years before the date on which such borrower applies for forgiveness under subsection (c); (B) used to pay for— (i) the undergraduate or graduate education of the borrower; or (ii) in the case of a loan made to a parent on behalf of a dependent student, the undergraduate or graduate education of such dependent student; and (C) made, insured, or guaranteed under— (i) part B, part D, or part E of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq. ), including a consolidation loan