Page:United States Statutes at Large Volume 106 Part 3.djvu/219

 PUBLIC LAW 102-408—OCT. 13, 1992 106 STAT. 2013 "(2) $2,500. "(b) TERMS AND CONDITIONS. —Subject to section 723, any such loans shall be made on such terms and conditions as the school may determine, but may be made only to a student— "(1) who is in need of the amount thereof to pursue a full-time course of study at the school leading to a degree of doctor of medicine, doctor of dentistry or an equivalent degree, doctor of osteopathy, bachelor of science in pnarmacy or an equivalent degree, doctor of pharmacy or an equivalent degree, doctor of podiatric medicine or an equivalent degree, doctor of optometry or an equivalent degree, or doctor of veterinary medicine or an equivalent degree; "(2) who, if pursuing a full-time course of study at the school leading to a degree of doctor of medicine or doctor of osteopathy, is of exceptional financial need (as defined by regulations of the Secretary); and "(3) who, if required under section 3 of the Military Selective Service Act to present himself for and submit to registration under such section, has presented himself and submitted to registration under such section. "(c) REPAYMENT; EXCLUSIONS FROM TEN-YEAR PERIOD.—Such loans shall be repayable in equal or graduated periodic installments (with the right of the borrower to accelerate repayment) over the ten-year period which begins one year after the student ceases to pursue a full-time course of study at a school of medicine, osteopathic medicine, dentistry, pharmacy, podiatry, optometry, or veterinary medicine, excluding from such ten-year period— "(1) all periods— "(A) not in excess of three years of active duty performed by the borrower as a member of a uniformed service; "(B) not in excess of three years during which the borrower serves as a volunteer under the Peace Corps Act; "(C) during which the borrower participates in advanced professional training, including internships and residencies; and "(D) during which the borrower is pursuing a fulltime course of study at such a school; and "(2) a period— "(A) not in excess of two years during which a borrower who is a full-time student in such a school leaves the school, with the intent to return to such school as a fulltime student, in order to engage in a full-time educational activity which is directly related to the health profession for which the borrower is preparing, as determined by the Secretary; or "(B) not in excess of two years during which a borrower who is a graduate of such a school is a participant in a fellowship training program or a full-time educational activity which— "(i) is directly related to the health profession for which such borrower prepared at such school, as determined by the Secretary; and "(ii) may be engaged in by the borrower during such a two-year period which begins within twelve months after the completion of the borrower's participation in advanced professional training described in

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