; and (2) a borrower may make payments on the outstanding balance of principal and interest on such loan during any period of deferment granted under this subsection. (g) Graduate fellowship deferment (1) In general A borrower of a loan under this part is eligible for a deferment under subsection (b)(1)(B)(i) during any period for which an authorized official of the borrower’s graduate fellowship program certifies that the borrower meets the requirements of paragraph (2) and is pursuing a course of study pursuant to an eligible graduate fellowship program. (2) Borrower requirements A borrower meets the requirements of this subparagraph if the borrower— (A) holds at least a baccalaureate degree conferred by an institution of higher education; (B) has been accepted or recommended by an institution of higher education for acceptance on a full-time basis into an eligible graduate fellowship program