; or (bb) if the eligible institution is a 4-year institution, public 4-year institutions of higher education in the State in which the institution operates. (B) Limitations on tuition hikes (i) First award year For the first award year for which an eligible institution applies for a grant under this section, such eligible institution shall not increase tuition and required fees at a rate that is greater than any annual increase in tuition and required fees at the eligible institution for the 5 years preceding such first award year. (ii) Succeeding award years (I) In general For each award year after the first award year for which an eligible institution receives a grant under this section, such eligible institution shall not increase tuition and required fees for eligible students from the preceding award year at a rate that is greater than the percentage increase in the Employment Cost Index for the award year for which the grant is received, as compared to the Employment Cost Index for the award year preceding the award year for which the grant is received. (II) Employment cost index In this subparagraph, the term Employment Cost Index , when used with respect to an award year, means the Employment Cost Index for total compensation for private industry workers by bargaining status and census region and division (not seasonally adjusted) of the division in which the eligible entity is located, as provided by the Bureau of Labor Statistics of the Department of Labor, that is provided for the December that immediately precedes the start of the award year. (4) Actual enrollment figures (A) In general By not later than November 1 of the second award year for which an eligible institution receives a grant under this section, such eligible institution shall report to the Secretary its actual full-time equivalent eligible students figure for the preceding award year. (B) Adjustments If the actual full-time equivalent eligible students figure for the preceding award year reported under subparagraph (A)— (i) exceeds the