; (B) is eligible to participate in the student financial assistance programs under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.); and (C) enters into an agreement with a Governor containing such terms and conditions as the Governor and institution may jointly specify, including a requirement that the institution use the funds made available under this section to supplement and not supplant assistance that otherwise would be provided to eligible students. (3) Eligible student The term eligible student means an individual who— (A) was domiciled in the Virgin Islands or Puerto Rico for not less than the 12 consecutive months preceding the commencement of the freshman year of the individual at an institution of higher education; (B) graduated from a secondary school in the Virgin Islands or Puerto Rico, or received the recognized equivalent of a secondary school diploma while domiciled in the Virgin Islands or Puerto Rico, on or after January 1, 2013; (C) begins the individual’s undergraduate course of study within the 3 calendar years (excluding any period of service on active duty in the Armed Forces, or service under the Peace Corps Act ( 22 U.S.C. 2501 et seq.) or subtitle C of title I of the National and Community Service Act of 1990 ( 42 U.S.C. 12571 et seq.)) of graduation from a secondary school, or obtaining the recognized equivalent of a secondary school diploma; (D) is enrolled or accepted for enrollment, on at least a half-time basis, in a baccalaureate degree or other program (including a program of study abroad approved for credit by the eligible institution at which such student is enrolled) leading to a recognized educational credential at an eligible institution; (E) if enrolled in an eligible institution, is maintaining satisfactory progress in the course of study the student is pursuing in accordance with section 484(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1091(c) )