; (C) a statement of the damages to which the United States is entitled if the individual should breach the contract; and (D) such other statements of the rights and liabilities of the Secretary and of the individual as the Secretary determines appropriate, not inconsistent with the provisions of this section. (c) Loan repayments (1) Eligibility To be eligible to participate in the loan repayment program under this section, an individual shall— (A) have a degree in medicine or osteopathic medicine; be enrolled in an approved graduate training program in medicine or osteopathic medicine; or be enrolled as a full-time student in an accredited (as determined by the Secretary) educational institution in a State, and in the final year of a course of study offered by such institution and approved by the Secretary, leading to a degree in medicine or osteopathic medicine; (B) submit an application to participate in the loan repayment program; and (C) sign and submit to the Secretary, at the time of submittal of such application, a written contract (described in paragraph (2)) to accept payment by the Secretary of the educational loans of the individual in consideration of the individual serving for a period of obligated service. (2) Written contract The written contract under this subsection between the Secretary and an individual shall contain— (A) an agreement that— (i) subject to paragraph (1), the Secretary agrees to pay on behalf of the individual the principal, interest, and related expenses on government and commercial loans received by the individual regarding the undergraduate or graduate education of the individual (or both), which loans were made for— (I) tuition expenses; (II) all other reasonable educational expenses, including fees, books, and laboratory expenses, incurred by the individual; or (III) reasonable living expenses as determined by the Secretary; and (ii) subject to paragraph (1), the individual agrees to— (I) accept loan payments on behalf of the individual