Page:United States Statutes at Large Volume 124.djvu/4137

124 STAT. 4111 PUBLIC LAW 111–377—JAN. 4, 2011 ‘‘(i) in the case of a program of education pursued at a public institution of higher learning, the actual net cost for in-State tuition and fees assessed by the institution for the program of education after the application of— ‘‘(I) any waiver of, or reduction in, tuition and fees; and ‘‘(II) 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 (20 U.S.C. 1070a)) that is provided directly to the institution and specifically designated for the sole purpose of defraying tuition and fees; ‘‘(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); or’’. (E) by adding at the end the following new subpara- graphs (B) and (C): ‘‘(B) Subject to subparagraph (C), for the first month of each quarter, semester, or term, as applicable, of the program of education pursued by the individual, a lump sum amount for books, supplies, equipment, and other educational costs with respect to such quarter, semester, or term in the amount equal to— ‘‘(i) $1,000, multiplied by ‘‘(ii) the fraction of a complete academic year under the program of education that such quarter, semester, or term constitutes. ‘‘(C) In the case of an individual entitled to educational assistance by reason of paragraphs (3) through (8) of section 3311(b), the amounts payable to the individual pursuant to subparagraphs (A)(i), (A)(ii), and (B) shall be the