161
(2) EARLY INTERVENTION.—Section 404D (20 
U.S.C. 1070a–24) is amended—
(A) in subsection (b)(2)(A), by inserting 
‘‘and students in the first year of attendance at 
an eligible institution of higher education’’ after 
‘‘grade 12’’; and 
(B) in subsection (c), by inserting ‘‘, and 
may consider students in their first year of at-
tendance at an eligible institution,’’ after 
‘‘grade 12’’. 
(e) COORDINATION.—Section 404C(a)(2) (20 U.S.C. 
1070a–23(a)(2)) is amended—
(1) by striking ‘‘and’’ at the end of subpara-
graph (A); 
(2) by redesignating subparagraph (B) as sub-
paragraph (C); and 
(3) by inserting after subparagraph (A) the fol-
lowing new subparagraph: 
‘‘(B) describe activities for coordinating, 
complementing, and enhancing services under 
this chapter provided by other eligible entities 
in the State; and’’. 
(f) EDUCATION AND COUNSELING SERVICES.—Sec-
tion 404D(b)(2)(A)(ii) (20 U.S.C. 1070a–24(b)(2)(A)(ii)) 
is amended by striking ‘‘and academic counseling’’ and in-
162
serting ‘‘academic counseling, and financial literacy and 
economic literacy education or counseling’’. 
(g) HOMELESS AND UNACCOMPANIED YOUTH.—Sec-
tion 404D is further amended by adding at the end the 
following new subsection: 
‘‘(e) HOMELESS
AND UNACCOMPANIED YOUTH.—
Notwithstanding any other provision of this chapter, indi-
viduals who are homeless or unaccompanied youth as de-
fined in section 725 of the McKinney-Vento Homeless As-
sistance Act shall be eligible to participate in programs 
under this section.’’. 
(h) REAUTHORIZATION.—Section 404H (20 U.S.C. 
1070a–28) is amended by striking ‘‘$200,000,000 for fis-
cal year 1999 and such sums as may be necessary for each 
of the 4 succeeding fiscal years’’ and inserting 
‘‘$306,500,000 for fiscal year 2007 and such sums as may 
be necessary for each of the 5 succeeding fiscal years’’. 
SEC. 405. FEDERAL SUPPLEMENTAL EDUCATIONAL OPPOR-
TUNITY GRANTS. 
(a) AUTHORIZATION OF APPROPRIATIONS.—Section 
413A(b)(1) (20 U.S.C. 1070b(b)(1)) is amended by strik-
ing ‘‘$675,000,000 for fiscal year 1999 and such sums 
as may be necessary for the 4 succeeding fiscal years’’ and 
inserting ‘‘$779,000,000 for fiscal year 2007 and such
163
sums as may be necessary for the 5 succeeding fiscal 
years’’. 
(b) PRIORITY OF AWARDS.—Paragraph (2) of section 
413C(c) (20 U.S.C. 1070b-2(c)(2)) is amended to read as 
follows: 
‘‘(2) In carrying out paragraph (1) of this subsection, 
each institution of higher education shall, in the agree-
ment made under section 487, assure that the selection 
procedures—
‘‘(A) will give a priority for supplemental grants 
under this subpart to students who receive Pell 
Grants and meet the requirements of section 484; 
and 
‘‘(B) will award no more than 10 percent of 
each institution’s allocation received under section 
413D to students who did not receive Federal Pell 
Grants in a prior year.’’. 
(c) ELIGIBILITY FOR ADDITIONAL ALLOCATIONS.—
Section 413D(a)(4) (20 U.S.C. 1070b-3(a)(4)) is amended 
by striking subparagraph (B) and inserting the following: 
‘‘(B) An otherwise eligible institution may receive a 
portion of the allocation described in subparagraph (A) 
if—
‘‘(i) not less than 10 percent of the under-
graduate, degree- or certificate-seeking students at-