(1) In general As a condition of receiving a scholarship or fellowship under subsection (a) or (b) of this section, a recipient of the scholarship or fellowship shall enter into an agreement with the Commission under which, in return for the assistance, the recipient shall
(A) maintain satisfactory academic progress in the studies of the recipient, as determined by criteria established by the Commission;
(B) agree that failure to maintain satisfactory academic progress shall constitute grounds on which the Commission may terminate the assistance;
(C) on completion of the academic course of study in connection with which the assistance was provided, and in accordance with criteria established by the Commission, engage in employment by the Commission for a period specified by the Commission, that shall be not less than 1 time and not more than 3 times the period for which the assistance was provided; and
(D) if the recipient fails to meet the requirements of subparagraph (A), (B), or (C), reimburse the United States Government for
(i) the entire amount of the assistance provided the recipient under the scholarship or fellowship; and
(ii) interest at a rate determined by the Commission.