(a) 
         Unless the Secretary determines otherwise, a fellowship recipient shall apply to renew a deferment on a yearly basis.
     
    
        
        (b) 
         Deferments for military or Peace Corps service may not exceed three years.
     
    
        
            Code of Federal Regulations
        
        (Authority: 
                20 U.S.C. 7475(b)
            )