305. Section 105(f)(1)(B)(ix) of the Compact of Free Association Amendments Act of 2003 ( 48 U.S.C. 1921d(f)(1)(B)(ix) ) shall be applied by substituting 2018 for 2017 . 306. Funds appropriated in this Act and consolidated for evaluation purposes under section 8601(c) of the ESEA shall be available from July 1, 2018, through September 30, 2019. 307. (a) An institution of higher education that maintains an endowment fund supported with funds appropriated for title III or V of the HEA for fiscal year 2018 may use the income from that fund to award scholarships to students, subject to the limitation in section 331(c)(3)(B)(i) of the HEA. The use of such income for such purposes, prior to the enactment of this Act, shall be considered to have been an allowable use of that income, subject to that limitation. (b) Subsection (a) shall be in effect until titles III and V of the HEA are reauthorized. 308. Section 114(f) of the HEA ( 20 U.S.C. 1011c(f) ) is amended by striking 2017 and inserting 2018 . 309. Section 458(a) of the HEA ( 20 U.S.C. 1087h(a) ) is amended in paragraph (4) by striking 2017 and inserting 2018 . (rescission) 310. Section 401(b)(7)(A)(iv)(VIII) of the Higher Education Act of 1965 ( 20 U.S.C. 1070a(b)(7)(A)(iv)(VIII) ) is amended by striking $1,382,000,000 and inserting $1,355,000,000 . (rescission) 311. Of the unobligated balances available under the heading Student Financial Assistance for carrying out subpart 1 of part A of title IV of the HEA, $2,600,000,000 are hereby rescinded. Restoring pell grants for defrauded students 312. Section 401(c)(5) ( 20 U.S.C. 1070a(c)(5) ) is amended— (1) by striking (5) The period and inserting the following: (5) Maximum period (A) In general Except as provided in subparagraph (B), the period