| (a) A conditional guarantee of repayment from the fund does not release an eligible doctoral student at any time from the responsibilities and liabilities as a borrower under terms of the promissory notes of any eligible education loans received. (b) If at any time and for any reason an otherwise eligible doctoral student ceases to be enrolled full time in a master's degree program leading to the doctorate or in a doctoral program at an eligible institution of higher education before earning the doctorate, a conditional guarantee of repayment from the fund becomes null and void. (c) The borrower is responsible for any late fees assessed at any time on any eligible loans. (d) The borrower is responsible for reporting to the Board any status change affecting eligibility for participation in this program. |
