Page:United States Statutes at Large Volume 116 Part 4.djvu/624

 116 STAT. 3052 PUBLIC LAW 107-368—DEC. 19, 2002 (E) fails to fulfill the service obligation of the individual under this section, such individual shall be liable to the United States as provided in paragraph (2). (2) AMOUNT OF REPAYMENT. — (A) If a circumstance described in paragraph •( 1) occurs before the completion of one year of a service obligation under this section, the United States shall be entitled to recover from the individual, within one year after the date of the occurrence of such circumstance, an amount equal to— (i) the total amount of awards received by such individual under this section; plus (ii) the interest on the amounts of such awards which would be payable if at the time the awards were received they were loans bearing interest at the maximum legal prevailing rate, as determined by the Treasurer of the United States, multiplied by 2. (B) If a circumstance described in paragraph (1)(D) or (E) occurs after the completion of one year of a service obligation under this section, the United States shall be entitled to recover from the individual, within one year after the date of the occurrence of such circumstance, an amount equal to the total amount of awards received by such individual under this section minus V2 of the amount of the award received per year for each full year of service completed, plus the interest on such amounts which would be payable if at the time the amounts were received they were loans bearing interest at the maximum legal prevailing rate, as determined by the Treasurer of the United States. (3) EXCEPTIONS.— The Director may provide for the partial or total waiver or suspension of any service or payment obligation by an individual under this section whenever compliance by the individual with the obligation is impossible or would involve extreme hardship to the individual, or if enforcement of such obligation with respect to the individual would be unconscionable. (h) DATA COLLECTION.— Institutions or consortia receiving grants under this section shall supply to the Director any relevant statistical and demographic data on scholarship recipients and stipend recipients the Director may request, including information on employment required by subsection (e). (i) DEFINITIONS. —In this section— (1) the term "cost of attendance" has the meaning given such term in section 472 of the Higher Education Act of 1965 (20 U.S.C. 108711); (2) the term "mathematics and science teacher" means a mathematics, science, or technology teacher at the elementary school or secondary school level; (3) the term "mathematics, science, or engineering professional" means a person who holds a baccalaureate, masters, or doctoral degree in science, mathematics, or engineering and is working in that field or a related area; (4) the term "scholarship" means an award under subsection (c); and (5) the term "stipend" means an award under subsection (d).

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