; and (ii) disbursed according to financial need. (B) 5 percent of the grant funds shall be used for the following activities: (i) Increasing capacity through construction or renovation of facilities. (ii) Hiring faculty. (iii) Student support services. (iv) Other activities to increase enrollment of low-income and underserved students, improve student outcomes, and provide information to prospective students and families, and other activities as approved by the Secretary to improve access, affordability, or quality of the education provided by the institution. (2) Prohibition on use of funds An eligible institution that receives a grant under this section may not use grant funds for endowments or the construction of athletic or commercial venues. (f) Annual update An eligible institution that receives a grant under this section shall submit to the Secretary an annual update— (1) with any changes to the institution's expenditures on student instruction and academic support