; and (B) a plain-language disclosure form developed by the Secretary that clearly describes the nature of the grant award, the service obligation, and the loan repayment requirements that are the consequence of the failure to complete the service obligation. (2) Treatment of concurrent service An individual who serves as a full or part-time educator in a licensed early childhood education program concurrently while enrolled in a qualified early childhood educator program may count such service toward the fulfillment of the service obligation in the agreement under paragraph (1). (3) Repayment for failure to complete service Except as provided in paragraph (4), in the event that any recipient of a grant under this section fails or refuses to comply with the service obligation in the agreement under paragraph (1), the sum of the amounts of any grants received by such recipient shall, upon a determination of such a failure or refusal in such service obligation, be treated as a Federal Direct Unsubsidized Stafford Loan under part D of title IV except that— (A) no interest shall accrue on such amounts; and (B) such amounts shall be subject to repayment in accordance with— (i) an income-contingent or income-based repayment plan, if the individual meets the eligibility requirements for such a repayment plan