; and (B) not more than 4 years. (3) Limitations (A) Amount A grant awarded under this section may not be in an amount greater than $1,500,000. (B) Number of awards An eligible partnership or member of such partnership may not be awarded more than one grant under this section. (C) Administration costs An eligible partnership awarded a grant under this section may not use more than 5 percent of the grant funds to pay administrative costs associated with activities funded by the grant. (c) Matching funds To receive a grant under this section, an eligible partnership shall, through cash or in-kind contributions, provide matching funds from non-Federal sources in an amount equal to or greater than 50 percent of the amount of such grant. (d) Applications (1) In general To receive a grant under this section, an eligible partnership shall submit to the Secretary at such a time as the Secretary may require, an application that— (A) identifies and designates the business or institution of higher education responsible for the administration and supervision of the earn-and-learn program for which such grant funds would be used; (B) identifies the businesses and institutions of higher education that comprise the eligible partnership; (C) identifies the source and amount of the matching funds required under subsection (c); (D) identifies the number of students who will participate and complete the relevant earn-and-learn program within 1 year of the expiration of the grant; (E) identifies the amount of time, not to exceed 2 years, required for students to complete the program; (F) identifies the relevant recognized postsecondary credential to be awarded to students who complete the program; (G) identifies the anticipated earnings of students— (i) 1 year after program completion; and (ii) 3 years after program completion; (H) describes the specific project for which the application is submitted, including a summary of the relevant classroom and paid structured on-the-job training students will receive