; ; (2) in subparagraph (B), by striking clause (iii) and inserting the following new clause: (iii) a contractual arrangement with a Federal agency for the purpose of providing job training to low-income individuals who are in need of such training; ; (3) in subparagraph (C)— (A) by striking clauses (i) through (iii) and inserting the following new clause: (i) grant funds provided by a source that has no affiliation with the institution and shares no employees with the institution; ; and (B) by redesignating clause (iv) as clause (ii); and (4) by striking subparagraphs (D) and (E) and inserting the following new subparagraphs: (D) include no loans made by an institution of higher education as revenue to the school, except for payments made by students on such loans; (E) include a scholarship provided by the institution— (i) only if the scholarship is in the form of monetary aid based upon the academic achievements or financial need of students, disbursed to qualified student recipients during each fiscal year from an established restricted account; and (ii) only to the extent that funds in that account represent designated funds, or income earned on such funds, from a source that has no affiliation with the institution and shares no employees with the institution; and . 3. Definitions (a) In general Section 103 of the Higher Education Act of 1965 ( 20 U.S.C. 1003 ) is amended— (1) by redesignating paragraphs (4) through (9), (10) through (14), and (15) through (24), as paragraphs (5) through (10), (12) through (16), and (18) through (26), respectively