; or (II) title V; and (ii) the Secretary determines that— (I) the institution is making satisfactory progress in carrying out the institution’s student loan management plan described under subparagraph (D); and (II) granting a waiver or reduction of risk-sharing payments would be in the best interest of students at the institution. (4) Prohibition An institution of higher education shall not deny admission or financial aid to a student based on a perception that such student may be at risk for defaulting on a loan made under this part. (5) Fund for the deposit of risk-sharing payments (A) In general There is established in the Treasury of the United States a separate account for the deposit of risk-sharing payments collected under this subsection for the purpose of reducing student loan debt, delinquency, and default. The Secretary shall deposit any payments collected pursuant to this subsection into such fund. (B) Use of funds Of the amounts in the fund described in subparagraph (A), for each fiscal year— (i) not more than 50 percent of such amounts shall be made available to the Secretary to enter into contracts or cooperative agreements for delinquency and default prevention or rehabilitation under section 456(c); and (ii) the Secretary shall reserve the remainder of such amounts for a Federal Pell Grant fund that shall be used to increase the maximum Federal Pell Grant award available to students who attend an institution— (I) that participates in the direct student loan program under this part; (II) in which not less than 33 percent of the students enrolled at the institution have received a Federal Pell Grant; and (III) that has a rate of participation in the direct student loan program under this part for all students enrolled at that institution for such fiscal year that is— (aa) 33 percent or higher and such institution is not subject to the risk-sharing payments under this subsection