in programs of study abroad approved for credit by such institutions. Loans made under this section shall be known as Federal Perkins ARC Loans . (b) Terms and conditions Unless otherwise specified in this section, all terms and conditions and other requirements applicable to Federal Perkins Loans established under section 461 shall apply to Federal Perkins ARC Loans made pursuant to this section. (c) Agreements The Secretary may not provide assistance to an institution of higher education under this section unless such institution enters into an agreement with the Secretary under section 463(a). (d) Eligible borrowers A loan under this section may only be made to a student who— (1) is eligible under section 464(b) (including graduate and professional students as defined in regulations promulgated by the Secretary)