bears to the total number of all such students 
placed in such jobs during the preceding fiscal 
year by all such institutions. 
‘‘(ii) No institution of higher education 
shall receive a grant pursuant to paragraph 
(1)(B) in any fiscal year in an amount which 
exceeds 25 percent of such institution’s cooper-
ative education program’s personnel and oper-
ating budget for the preceding fiscal year. 
‘‘(iii) The minimum annual grant amount 
which an institution of higher education is eligi-
ble to receive under paragraph (1)(B) is $1,000 
and the maximum annual grant amount is 
$75,000. 
‘‘(4) LIMITATION.—The Secretary shall not 
award grants pursuant to paragraphs (1)(A) and 
(1)(B) to the same institution of higher education or 
combination of such institution in any one fiscal 
year. 
‘‘(5) USES.—Grants under paragraph (1)(B) 
shall be used exclusively— 
‘‘(A) to expand the quality and participa-
tion of a cooperative education program; 
‘‘(B) for outreach in new curricular areas; 
and
‘‘(C) for outreach to potential participants 
including underrepresented and nontraditional 
populations. 
‘‘(b) APPLICATIONS.—Each institution of higher edu-
cation or combination of such institutions desiring to re-
ceive a grant under this section shall submit an application 
to the Secretary at such time and in such manner as the 
Secretary shall prescribe. Each such application shall— 
‘‘(1) set forth the program or activities for 
which a grant is authorized under this section; 
‘‘(2) specify each portion of such program or 
activities which will be performed by a nonprofit or-
ganization or institution other than the applicant 
and the compensation to be paid for such perform-
ance; 
‘‘(3) provide that the applicant will expend dur-
ing such fiscal year for the purpose of such program 
or activities not less than the amount expended for 
such purpose during the previous fiscal year; 
‘‘(4) describe the plans which the applicant will 
carry out to assure, and contain a formal statement 
of the institution’s commitment which assures, that 
the applicant will continue the cooperative education 
program beyond the 5-year period of Federal assist-
ance described in subsection (c)(1) at a level which
is not less than the total amount expended for such 
program during the first year such program was as-
sisted under this section; 
‘‘(5) provide that, in the case of an institution 
of higher education that provides a 2-year program 
which is acceptable for full credit toward a bach-
elor’s degree, the cooperative education program will 
be available to students who are certificate or asso-
ciate degree candidates and who carry at least one- 
half the normal full-time academic workload; 
‘‘(6) provide that the applicant will— 
‘‘(A) make such reports as may be essen-
tial to ensure that the applicant is complying 
with the provisions of this section, including the 
reports for the second and each succeeding fis-
cal year for which the applicant receives a grant 
with respect to the impact of the cooperative 
education program in the previous fiscal year, 
including— 
‘‘(i) the number of unduplicated stu-
dent applicants in the cooperative edu-
cation program; 
‘‘(ii) the number of unduplicated stu-
dents placed in cooperative education jobs;
‘‘(iii) the number of employers who 
have hired cooperative education students; 
‘‘(iv) the income for students derived 
from working in cooperative education 
jobs; and 
‘‘(v) the increase or decrease in the 
number of unduplicated students placed in 
cooperative education jobs in each fiscal 
year compared to the previous fiscal year; 
and 
‘‘(B) keep such records as are essential to 
ensure that the applicant is complying with the 
provisions of this title, including the notation of 
cooperative education employment on the stu-
dent’s transcript; 
‘‘(7) describe the extent to which programs in 
the academic discipline for which the application is 
made have had a favorable reception by public and 
private sector employers; 
‘‘(8) describe the extent to which the institution 
is committed to extending cooperative education on 
an institution-wide basis for all students who can 
benefit;
‘‘(9) describe the plans that the applicant will 
carry out to evaluate the applicant’s cooperative edu-
cation program at the end of the grant period; 
‘‘(10) provide for such fiscal control and fund 
accounting procedures as may be necessary to assure 
proper disbursement of, and accounting for, Federal 
funds paid to the applicant under this title; 
‘‘(11) demonstrate a commitment to serving all 
underserved populations; and 
‘‘(12) include such other information as is es-
sential to carry out the provisions of this title. 
‘‘(c) DURATION OF GRANTS; FEDERAL SHARE.— 
‘‘(1) DURATION OF GRANTS.—No individual in-
stitution of higher education may receive, individ-
ually or as a participant in a combination of such in-
stitutions— 
‘‘(A) a grant pursuant to subsection 
(a)(1)(A) for more than 5 fiscal years; or 
‘‘(B) a grant pursuant to subsection 
(a)(1)(B) for more than 5 fiscal years. 
‘‘(2) FEDERAL SHARE.—The Federal share of a 
grant under section 803(a)(1)(A) may not exceed— 
‘‘(A) 85 percent of the cost of carrying out 
the program or activities described in the appli-