; and (B) by striking travel and inserting reasonable travel (not including the purchase of a vehicle) ; (4) in subsection (e)(3), by striking 75 and inserting 50 ; and (5) by adding at the end the following: (f) Qualified period of nonenrollment (1) In general A student may be awarded work-study employment during a qualified period of nonenrollment if— (A) the student demonstrates exceptional need (as defined in section 413C(c)(2)) in the award year prior to the qualified period of nonenrollment; (B) the student is employed in a work-based learning position; and (C) the employment— (i) involves less than 25 percent administrative work; and (ii) is for at least 20 hours per week, unless the institution waives such requirement— (I) at the request of the student; or (II) based on a finding by the institution that such requirement presents a hardship in finding a work-based learning position for the student. (2) Funds earned (A) In general Any funds earned by a student (beyond standard living expenses (as such term is described in section 413D(c)(3)(C))) during the qualified period of nonenrollment less than or equal to $2,500 may not be applied to such student’s cost of attendance for the next period in which the student is enrolled. (B) Excess funds Any funds earned by a student (beyond standard living expenses (as such term is described in section 413D(c)(3)(C))) during the qualified period of nonenrollment in excess of $2,500 shall be applied to such student’s cost of attendance for the next period in which the student is enrolled. (3) Definition of qualified period of nonenrollment In this subsection, the term qualified period of nonenrollment means, with respect to a student, a period of nonenrollment that— (A) occurs between a period of enrollment and a period of anticipated enrollment