; or (ii) government or commercial loans received by an individual for the cost of attendance at an institution of higher education. (5) Transfer of educational awards (A) In general A volunteer who is eligible to receive an educational award pursuant to paragraph (4) may elect to transfer the award to a designated individual. (B) Applicable provisions The Secretary shall apply the provisions of paragraphs (2)(A)(ii), (3), (5), (6), (8)(A), and (8)(B) of section 148(f) of the National and Community Service Act of 1990 to the rule described in subparagraph (A) in a manner that is similar (as determined by the Secretary) to how such provisions are applied to section 148(f)(1) of such Act. (6) Definitions In this subsection: (A) The term cost of attendance has the meaning given such term by section 472 of the Higher Education Act of 1965. (B) The term full-time means serving not fewer than 1,700 hours over a 1-year period. (C) The term institution of higher education has the meaning given such term under subsection (a) or (b) of section 101 of the Higher Education Act of 1965. (g) Application process To seek a grant under this section, an eligible entity shall— (1) submit an application to the Secretary at such time, in such manner, and containing such information and assurances as the Secretary may require; and (2) include in such application a description of the scope of the services and training proposed to be provided, and the population to be served, through the entity’s local care corps program. (h) Nondisplacement (1) In general An application submitted under subsection (g)(1) shall contain assurances that— (A) prior to the placement of a volunteer pursuant to this section, the eligible entity will consult with the appropriate State or local labor organization, if any, representing employees in the area who are engaged in the same or similar work as that proposed to be carried out by the volunteer, to prevent the displacement and protect the rights of such employees