; or (B) in the case of a participant who is a part-time student, may not exceed an amount that bears the same ratio to the amount that would be paid under subparagraph (A) if the student were a full-time student in the course of education or training being pursued by the participant as the coursework carried by the participant compares to full-time coursework in that course of education or training. (2) Maximum number of school years (A) Total years The number of school years for which a scholarship may be paid to a participant under this section may not exceed eight school years. (B) Full-time equivalent A participant may not receive a scholarship under this section for more than the equivalent of four years of full-time coursework. (3) Maximum total amount The total amount paid to or on behalf of a participant through a scholarship under this section may not exceed $80,000. (4) Payment of educational expenses by educational institutions The Secretary may arrange with an educational institution in which a participant under this section is enrolled for the payment of education expenses under subsection (a). Such payments may be made without regard to subsections (a) and (b) of section 3324 of title 31. 7699C–2. Lump sum education debt reduction (a) Covered costs Lump sum education debt reduction provided by the Secretary under this section to an individual shall consist of payment of principal and interest under a loan, the proceeds of which were used by or on behalf of that individual to pay costs relating to a course of education or training, including tuition expenses and other reasonable educational expenses, including fees, books, laboratory expenses, and reasonable living expenses. (b) Eligibility An individual is eligible to receive lump sum education debt repayment under this section if the individual— (1) owes any amount of principal and interest under a loan, the proceeds of which were used by or on behalf of that individual to pay costs relating to a course of education or training