; or ; (5) in section 404E ( 20 U.S.C. 1070a–25 )— (A) in subsection (a)— (i) by redesignating paragraphs (1) and (2) as paragraphs (2) and (3), respectively; (ii) by inserting before paragraph (2), as redesignated by clause (i), the following: (1) Application Requirements (A) Plan for maintenance of financial assistance An eligible entity proposing to establish or maintain a financial assistance program providing scholarships for students assisted by the program of the eligible entity under this chapter shall include a plan regarding the financial application program with the application submitted under section 404C. (B) Scholarship details Under a plan described in subparagraph (A), an eligible entity— (i) may elect to offer one or more types of scholarships; and (ii) shall describe, for each type of scholarship— (I) the minimum and maximum awards for the scholarships, consistent with section 404E(d), based on criteria and disbursement priorities established by the eligible entity; (II) the duration of the scholarships, which may be single-year or multi-year awards; (III) the enrollment requirements for participating students, which may include providing scholarships for participating students who are enrolled in an institution of higher education on less than a full-time basis during any award year; and (IV) notwithstanding subsection (g), any additional student eligibility criteria established by the eligible entity for earning and maintaining scholarships under this section, including— (aa) financial need; (bb) meeting participation milestones in the activities offered by the eligible entity under section 404D; (cc) meeting and maintaining satisfactory academic milestones; and (dd) other criteria aligned with State and local goals to incentivize postsecondary readiness, access, and success. ; and (iii) in paragraph (3), as redesignated by clause (i), by striking may award and inserting may use not less than 10 percent and not more than 50 percent of funds made available under this chapter to award