; extenuating circumstances Subject to paragraph (3), each eligible entity shall describe in the agreement under paragraph (1)(C) the eligible entity's policy regarding the availability of matching funds in the event a student decides to delay attendance at an eligible educational institution or in the case of extenuating circumstances, such as illness of a student. (3) Return of deposited funds (A) In general Each eligible entity shall ensure that a participating eligible student, or a student with preliminary eligibility, who does not meet or maintain the requirements of paragraph (4) or (10) of section 4, respectively, shall be entitled to withdraw funds that the student or the student's family contributed to the postsecondary education match savings account in accordance with the terms and conditions that are contained in the agreement for that postsecondary education match savings account, as described in paragraph (1)(C). (B) Expiration (i) In general The participation of an eligible student or student with preliminary eligibility in the postsecondary education match savings account demonstration grant program shall terminate on the expiration date described in clause (ii). The eligible entity shall cease reserving matching funds on behalf of that student as described in paragraph (1)(D). Any remaining funds that the student or the student's family deposited in a postsecondary education match savings account shall be made available for withdrawal in accordance with subparagraph (A). (ii) Expiration date The expiration date described in this clause is— (I) the date that is 8 years after the date on which a participating eligible student first enrolled in an eligible educational institution