SPIRO T. AGNEW, Governor                      1429

United States; or (3) not in excess of three years during which the
borrower is in service as a volunteer under the Peace Corps Act.
The board may, by rule, determine whether any such period shall
be included in determining the ten-year period or the fifteen-year
period provided in subsection (b) hereof.

(b) Such a borrower shall not be required to repay in full any
such loan over a period of less than five years or more than ten
years after commencement of repayment as provided in Section 7
(a) of this article; provided, however, (1) that the total of the pay-
ments by a borrower during any year of repayment with respect to
all loans made or guaranteed by the corporation to him shall not
be less than three hundred sixty dollars or the balance of all such
loans, whichever amount is less; and (2) notwithstanding any other
provision of this article to the contrary, the period of any college
loan made or guaranteed by the corporation shall not exceed fifteen
years from the execution of the note or written agreement evidencing
it.

[(c) Notwithstanding any other provision of this article to the
contrary, any borrower of a loan made or guaranteed by the cor-
poration may accelerate repayment of all or any part of such loan
without penalty.]

[(d) The corporation may make or guarantee a loan under terms
and conditions with respect to repayment which are more lenient
or more restrictive as to the borrower than provided for by this
section if the board determines that such action on its part is justi-
fied by special circumstances and would be consistent with the gen-
eral objectives of the corporation. In the case of medical students,
consideration shall be given to the period of formal internship,
residency training and fellowship, if any, and to financial need in
determining the period of repayment.]

7A. Terms and conditions of repayment of vocational school loan.

(a)   The terms and conditions of any vocational school loan made
or guaranteed by the corporation shall not require the borrower
thereof to commence the repayment of his loan earlier than nine
months or later than one year after he ceases to pursue a full-time
or part-time course of study at an eligible vocational school; pro-
vided, however, that the board may, by rule, provide that such re-
payment shall not commence during any period (1) during which
the borrower is pursuing a full-time course of study at an institution
of higher education or at a comparable institution approved by the
United States Commissioner of Education; (2) not in excess of
three years during which the borrower is a member of the armed
forces of the United States; or (3) not in excess of three years dur-
ing which the borrower is in service as a volunteer under the Peace
Corps Act. The board may, by rule, determine whether any such
period shall be included in determining the six-year period or the
nine-year period provided in subsection (b) hereof.

(b)  Such a borrower shall not be required to repay in full any
such loan over a period of less than three years or more than six
years after commencement of repayment as provided in Section 7
(a) of this article; provided, however, (1) that the total of the
payments by a borrower during any year of repayment with re-
spect to all loans made or guaranteed by the corporation to him