; and (D) reserve matching funds for participating students in accordance with paragraph (2). (2) Matching funds (A) In General For each $1 that a student or student's family contributes to the student's educational savings account for an academic year, up to a maximum of $500 in contributions, the eligible entity shall pay $8 to the student's individual account at the student's eligible educational institution once that student meets the requirements of section 4(7)(A). (B) Carry over Any amounts that a student or student's family contributes to such account that are above $500 for that year may be carried over and considered as contributions that are eligible to be matched in accordance with subparagraph (A) for the following year. (C) Withdrawal from school If a participating student withdraws from an eligible institution during the drop-add period at that eligible institution, the student shall be responsible for any amounts owed for that academic period and will not receive matching funds for that academic period. (D) Delay of attendance