; and (ii) between non-underrepresented minority students and underrepresented minority students. (5) Available funds Funds shall be available to carry out this subsection from funds from the penalty fees collected under subsections (b)(3)(E) and (c)(3)(E) that are remaining after grants are awarded for the completion improvement program under subsection (d). (f) Non-Financial reward bonus program (1) In general The Secretary shall award non-financial rewards to institutions of higher education that have a proven record of making college more affordable and increasing college access and success for low-income or working class students and moderate-income students. (2) Institutional eligibility An institution of higher education is eligible for a non-financial reward under this subsection for an academic year if— (A) the percentage of first-time, full-time bachelor's degree-seeking students who enrolled at the institution for the academic year who received a Federal Pell Grant for such academic year falls within the top 50 percent of ranked institutions, as determined by the Secretary for the academic year; (B) the percentage of first-time, full-time bachelor's degree-seeking students who enrolled at the institution who graduate within 6 years falls within the top 25 percent of ranked institutions, as determined by the Secretary for the academic year; and (C) the institution is not under Federal investigation for a sanction for an academic or financial irregularity. (3) Applications An institution of higher education that desires to receive a non-financial reward under this subsection shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require. (4) Priority Priority in awarding non-financial rewards under this subsection shall go to institutions of higher education that have small or diminishing gaps in the completion rates— (A) between non-low-income or working class students and low-income or working class students