; (3) include content that is appropriate to age and socioeconomic levels; (4) develop programs based on educational standards, definitions, and research; (5) include individual goals of financial independence and stability; and (6) establish professional development and delivery systems using evidence-based practices. (d) Application and evaluation standards and procedures; distribution criteria The Director shall establish application and evaluation standards and procedures, distribution criteria, and such other forms, standards, definitions, and procedures as the Director determines to be appropriate. (e) Limitation on grant amounts (1) In general The aggregate amount of grants made under this section during any fiscal year may not exceed $55,000,000. (2) Termination No grants may be made under this section after the end of fiscal year 2019. (f) Definitions For purposes of this Act the following definitions shall apply: (1) Director The term Director means the Director of the Bureau of Consumer Financial Protection. (2) Eligible institution The term eligible institution means a partnership of two or more of the following: (A) Institution of higher education. (B) Local educational agency. (C) A nonprofit agency, organization, or association. (D) A financial institution. (3) Institution of higher education The term institution of higher education has the meaning given such term in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001(a) ).