eligible for such program. (3) Sponsoring entities (A) In general The Secretary, in consultation with the Secretary of Commerce and the Secretary of Labor, shall carry out a program to certify States, counties, localities, territories, Tribes, nonprofit entities, and qualifying partnerships that are able to provide funding to borrowers for purposes of this subsection. Such program shall include standard requirements relating to the treatment of default by a sponsoring entity and the ability of a sponsoring entity to be certified or recertified after such a default. (B) Matching funds (i) In general Except as provided in clause (ii), a sponsoring entity (or a combination of such sponsoring entities) shall match (except with respect to the interest that accrues on the total amount of the enrolled loan balance under paragraph (1)(A)) the amounts cancelled or repaid by the Secretary under paragraph (1) as payments made by such sponsoring entity towards the repayment of the enrolled loan balance. (ii) Exceptions (I) Extreme financial hardship In the case of a sponsoring entity (or a combination of such sponsoring entities) with an extreme financial hardship that demonstrates such hardship to the Secretary, through a process determined by the Secretary, the sponsoring entity and the Secretary may agree to match amounts such that the total amount repaid or cancelled under this subsection is less than the amount described in paragraph (1)(A), so long as the total amount repaid with respect to each 12-month period increases. (II) Additional payments A sponsoring entity (or a combination of such sponsoring entities) may provide more than the match required under clause (i) if the Secretary determines that, over the course of providing more than the matching amount of the repayments or cancellations under paragraph (1), the total amount repaid by such sponsoring entity with respect to each 12-month period increases. (iii) Interest The Secretary shall cancel or repay the interest that accrues on the total amount of the