; and (B) include need-based financial aid for students who attend public institutions of higher education; and (2) financial support for operational expenses for public, four-year colleges and universities at a level equal to or exceeding the average amount provided for the three consecutive proceeding State or Indian tribe fiscal years. (e) Annual report (1) A State or Indian tribe receiving a grant under this subpart shall submit an annual report to the Secretary describing the uses of grant funds under this subpart, the progress made in fulfilling the requirements of the grant, and rates of graduation, transfer and attainment of recognized postsecondary credentials at participating community colleges, and including any other information as the Secretary may require. (2) At the discretion of the Secretary, the information required in the report under paragraph (1) may be included in an annual report. (f) Reporting by secretary The Secretary annually shall— (1) compile and analyze the information described in subsection (e)