; (IV) an Alaska Native-serving institution or a Native Hawaiian-serving institution (as defined in section 317(b)); (V) a Predominantly Black institution (as defined in section 371(c)); (VI) an Asian American and Native American Pacific Islander-serving institution (as defined in section 371(c)); or (VII) a Native American-serving nontribal institution (as defined in section 371(c)); (ii) has a student body of which not less than 35 percent are low-income students; (iii) ensures that tuition and required fees for eligible students enrolled in the institution are eliminated or significantly reduced during any period for which the institution receives a grant under this section; (iv) maintains expenditures on instruction per a full-time equivalent eligible student at levels that meet or exceed the expenditures on instruction per a full-time equivalent eligible student for award year 2015–2016; (v) will invest institutional funds and seek additional funding to reduce or eliminate tuition and required fees for all students; (vi) maintains expenditures on need-based financial aid programs for students enrolled at the institution at a level that meets or exceeds the level of such support for award year 2015–2016; (vii) provides an assurance that the institution will increase the amount of instruction provided by tenured or tenure-track faculty