[Code of Federal Regulations] [Title 34, Volume 3] [Revised as of July 1, 2004] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR535.54] [Page 168-169] TITLE 34--EDUCATION CHAPTER V--OFFICE OF BILINGUAL EDUCATION AND MINORITY LANGUAGES AFFAIRS, DEPARTMENT OF EDUCATION PART 535_BILINGUAL EDUCATION: GRADUATE FELLOWSHIP PROGRAM--Table of Contents Subpart F_What Conditions Must Be Met by Fellows? Sec. 535.54 Under what circumstances is repayment deferred? The Secretary may defer repayment if the fellowship recipient-- (a) Suffers from a serious physical or mental disability that prevents or substantially impairs the fellowship recipient's employability in an activity described in Sec. 535.50; (b) Demonstrates to the Secretary's satisfaction that the fellowship recipient is conscientiously seeking but is unable to secure employment in an activity described in Sec. 535.50; (c) In the case of a master's or doctoral fellowship recipient, re- enrolls as a full-time student at an IHE; (d) Is a member of the Armed Forces of the United States on active duty; (e) Is in service as a volunteer under the Peace Corps Act; or [[Page 169]] (f) Demonstrates to the Secretary's satisfaction that the existence of extraordinary circumstances prevents the fellowship recipient from making a scheduled payment. (Authority: 20 U.S.C. 7475(b))