(d). (2) Use of funds Funds received by institutions pursuant to this subsection shall be used to compensate students employed in work-based learning positions. (3) Retained funds (A) Amount returned If an institution returns more than 10 percent of its allocation under paragraph (1), the institution’s allocation for the next fiscal year shall be reduced by the amount returned. (B) Waiver The Secretary may waive this paragraph for a specific institution if the Secretary finds that enforcing this paragraph would be contrary to the interest of the program. (f) Filing deadlines The Secretary may require applications under this section, at such time, in such manner, and containing such information as the Secretary may require. . 4053. Grants for Federal work-study programs Section 443 of the Higher Education Act of 1965 ( 20 U.S.C. 1087–53 ) is amended— (1) in subsection (b)— (A) by amending paragraph (2)(A) to read as follows: (A) for fiscal year 2019 and succeeding fiscal years, an institution shall (unless the Secretary determines that enforcing this subparagraph would cause hardship for students at the institution) use— (i) at least 7 percent of the total amount of funds granted to such institution under this section for such fiscal year to compensate students employed in work-based learning positions