Participation Agreements. A private nonprofit institution of higher education that is an eligible institution under Education Article, §18-2201(b)(2), Annotated Code of Maryland, shall annually notify the Commission of its agreement to provide matching grants to students, pursuant to §B of this regulation, by submitting a Participation Agreement to the Office pursuant to this section. The Participation Agreement in §A(1) of this regulation shall be in a form prescribed by the Office, which will be provided annually to all private nonprofit institutions of higher education in the State no later than February 1. Participation Agreements shall be submitted annually to the Office no later than March 1. A student at an institution that did not timely submit a Participation Agreement will not be considered for an initial award by the Office. The names of the institutions that timely submitted a Participation Agreement to the Office each year shall be displayed on the Commission website and the scholarship application form. Matching Grants. During an initial participation year, an institution shall provide a matching grant to: A student who receives an initial award from the Office for that year; and A transfer student who receives a renewal award for that year, if it is the student’s first year attending the institution. If a student received a matching grant during an initial participation year, the institution shall provide a matching grant to the student for each year in which the student: Remains enrolled at the institution; and Receives a renewal award under this chapter. A matching grant under §B(2) of this regulation shall be provided regardless of whether the institution has submitted a Participation Agreement for that year. The amount of a matching grant shall be equal to the amount of the initial or renewal award received by the student from the Office. Repayment. An institution is not prohibited from requiring repayment of a matching grant if the student fails to meet any scholarship requirements set forth in Education Article, Title 18, Subtitle 22, Annotated Code of Maryland. An institution shall notify a student of all institutional repayment requirements prior to the student’s acceptance of a scholarship award under this chapter. An institution shall be solely responsible for administration of any repayment obligation.