; and (III) expenses for both credit and non-credit activities; (ii) may include information technology expenses related to instructional activities if the institution separately budgets and expenses information technology resources; and (iii) does not include expenses for academic administration where the primary function is administration. (C) Student services expenditures The term student services expenditures — (i) includes expenses for admissions, registrar activities, and activities whose primary purpose is to contribute to the emotional and physical well-being of students and to their intellectual, cultural, and social development outside the context of the formal instructional program; and (ii) may include information technology expenses related to student service activities if the institution separately budgets and expenses information technology resources, otherwise these expenses are included in institutional support. (D) Academic support expenditures The term academic support expenditures includes— (i) expenses of activities and services that support the institution's primary missions of instruction, research, and public service, including— (I) the retention, preservation, and display of educational materials; (II) organized activities that provide support services to the academic functions of the institution; (III) media such as audiovisual services; (IV) academic administration; and (V) formally organized and separately budgeted academic personnel development and course and curriculum development expenses