; and (B) not more than $45,000 in the aggregate. (3) Proration Each Governor shall prorate payments under this section for students who attend an eligible institution on less than a full-time basis. (c) Reduction for insufficient appropriations (1) In general If the funds appropriated pursuant to subsection (o) for any fiscal year are insufficient to award a grant in the amount determined under subsection (b) on behalf of each eligible student enrolled in an eligible institution, then each Governor, in consultation with the Secretary, shall— (A) first, ratably reduce the amount of the tuition and fee payment made on behalf of each eligible student who has not received funds under this section for a preceding year; and (B) after making reductions under subparagraph (A), ratably reduce the amount of the tuition and fee payments made on behalf of all other eligible students. (2) Adjustments Each Governor, in consultation with the Secretary, may adjust the amount of tuition and fee payments made under paragraph (1) based on— (A) the financial need of the eligible students to avoid undue hardship to the eligible students