; and (B) induction and support for teachers and principals and other school leaders during their first three years of employment as teachers, principals, or other school leaders, respectively. (4) Awarding scholarships based on financial need to help students pay the costs of tuition, room, board, and other expenses of completing a teacher or other school leader preparation program, not to exceed the cost of attendance as defined in section 472. (5) Disseminating information on effective practices for teacher or other school leader preparation and successful teacher or other school leader certification and licensure assessment preparation strategies. (6) Activities authorized under section 202. (c) Application Any eligible institution desiring a grant under this subpart shall submit an application to the Secretary at such time, in such manner, and accompanied by such information as the Secretary may require. (d) Limitation on administrative expenses An eligible institution that receives a grant under this subpart may use not more than 2 percent of the funds provided to administer the grant. (e) Regulations The Secretary shall prescribe such regulations as may be necessary to carry out this subpart. 2 Preparing Well-Rounded Teachers 241. Well-rounded teaching grants (a) Findings Congress finds that— (1) students have diverse learning needs and teachers must be prepared to provide a high-quality, equitable education to every child; (2) improving the pedagogical competencies, behavior management skills, and cultural competencies of teacher candidates prepares them to effectively teach students from diverse backgrounds and increases the likelihood they will remain in the profession