(A)
the term “default” means the failure of a borrower of a loan made under this part to—
(i)
make an installment payment when due; or
(ii)
comply with any other term of the promissory note for such loan,
except that a loan made under this part shall not be considered to be in default if the loan is discharged in bankruptcy or if the school reasonably concludes from written contacts with the borrower that the borrower intends to repay the loan;