Page:United States Statutes at Large Volume 124.djvu/4135

124 STAT. 4109 PUBLIC LAW 111–377—JAN. 4, 2011 ‘‘(ii) In the case of a program of education pursued at a non-public or foreign institution of higher learning, the lesser of— ‘‘(I) the actual net cost for tuition and fees assessed by the institution for the program of edu- cation after the application of— ‘‘(aa) any waiver of, or reduction in, tuition and fees; and ‘‘(bb) any scholarship, or other Federal, State, institutional, or employer-based aid or assistance (other than loans and any funds provided under section 401(b) of the Higher Education Act of 1965) that is provided directly to the institution and specifically des- ignated for the sole purpose of defraying tui- tion and fees; or ‘‘(II) the amount equal to— ‘‘(aa) for the academic year beginning on August 1, 2011, $17,500; or ‘‘(bb) for an academic year beginning on any subsequent August 1, the amount for the previous academic year beginning on August 1 under this subclause, as increased by the percentage increase equal to the most recent percentage increase determined under section 3015(h).’’. (2) CONFORMING AMENDMENT.—The heading of such section is amended to read as follows: ‘‘PROGRAMS OF EDUCATION LEADING TO A DEGREE PURSUED AT INSTITUTIONS OF HIGHER LEARNING ON MORE THAN HALF-TIME BASIS.—’’. (b) AMOUNTS OF MONTHLY STIPENDS.—Section 3313(c)(1)(B) is amended— (1) by redesignating clause (ii) as clause (iv); and (2) by striking clause (i) and inserting the following new clauses: ‘‘(i) Except as provided in clauses (ii) and (iii), for each month an individual pursues a program of education on more than a half-time basis, a monthly housing stipend equal to the product of— ‘‘(I) the monthly amount of the basic allowance for housing payable under section 403 of title 37 for a member with dependents in pay grade E– 5 residing in the military housing area that encom- passes all or the majority portion of the ZIP code area in which is located the institution of higher learning at which the individual is enrolled, multi- plied by ‘‘(II) the lesser of— ‘‘(aa) 1.0; or ‘‘(bb) the number of course hours borne by the individual in pursuit of the program of education, divided by the minimum number of course hours required for full-time pursuit of the program of education, rounded to the nearest multiple of 10. ‘‘(ii) In the case of an individual pursuing a pro- gram of education at a foreign institution of higher