Obligations

(a)A student who for any reason is terminated from the Pre-Medical Program shall repay to the AMTE Medical Fund as established in this chapter an amount equal to the total financial assistance received by the student within five

(5)years of such termination from the Program with interest at the rate of twelve (12%) percent per annum.

(b)A student who does complete the Pre-Medical Program but is not selected for the Doctor of Medicine Fellowship Program as established therein or does not pursue for any reason application into the Doctor of Medicine Fellowship Program shall repay to the AMTE Medical Fund an amount equal to the total financial assistance received by the student. In the alternative, in lieu of monetary repayment, a student may satisfy his financial obligations herein by employment with the government of Guam at the rate of one

(1)year of employment for each academic year or fraction thereof that the student received financial assistance.