; (B) enters into an agreement with the organization— (i) that specifies the service the applicant will provide if the placement is approved; and (ii) in which the applicant agrees to serve for at least 1700 hours during the applicant’s fellowship year, including training, high school equivalency coursework, and special fellow events, except that the Chief Executive Officer may, on a case-by-case basis, authorize a fellow to serve on a part-time basis for a lesser number of hours; and (C) submits such agreement to the Corporation. (2) Designation Upon receiving the eligible fellowship applicant's agreement under paragraph (1), the Corporation shall award a national service fellowship to the applicant and designate the applicant as a fellow. (3) Fellowship amount (A) In general The Corporation shall award to each fellow a stipend equal to the living allowance under section 199K. (B) Proration of amount In the case of a fellow who is authorized to serve on a part-time basis under paragraph (1)(B)(ii), the amount provided to a fellow under this paragraph shall be prorated accordingly. (4) Educational awards A fellow who serves in a service project under this section shall be considered to have served in an approved national service position and, upon meeting the requirements of section 147 for full-time or part-time national service, shall be eligible for an educational award described in such section or the alternative discounted end-of-service cash stipend described in section 332 of the Inspire to Serve Act of 2020. The Corporation shall transfer an appropriate amount of funds to the National Service Trust to provide for the educational award for such fellow. (f) Service sponsor organizations (1) In general An organization is eligible to be a service sponsor organization if the organization— (A) is a nonprofit organization, a local government agency, a State government agency, or an agency of an Indian tribe