; (2) prepay any such loan ahead of the loan’s repayment schedule referenced in subsection (a)(7)(B); or (3) use any authority or take any actions beyond what is authorized explicitly in subsection (a)(7). (e) Definitions In this section: (1) Adjusted gross income The term adjusted gross income has the meaning given the term in section 62 of the Internal Revenue Code of 1986. (2) Applicable monthly payment The term applicable monthly payment means, when used with respect to a borrower, the amount obtained by dividing by 12, 10 percent of the result obtained by calculating, on at least an annual basis, the amount by which— (A) the adjusted gross income of the borrower or, if the borrower is married and files a Federal income tax return jointly with or separately from the borrower’s spouse, the adjusted gross income of the borrower and the borrower’s spouse; exceeds (B) 150 percent of the poverty line applicable to the borrower’s family size as determined under section 673(2) of the Community Services Block Grant Act ( 42 U.S.C. 9902(2) ). (3) Excepted Consolidation Loan The term excepted Consolidation Loan means a Federal Direct Consolidation Loan, if the proceeds of such loan were used to the discharge the liability on— (A) an excepted PLUS loan