1. Short title This Act may be cited as the Fund for Innovation and Success in Higher Education Act or the FINISH Act . 2. Innovation grants Part B of title VII of the Higher Education Act of 1965 ( 20 U.S.C. 1138 et seq.) is amended— (1) by redesignating section 745 as section 746; and (2) by inserting after section 744 the following: 745. Innovation grants (a) Purposes The purposes of this section are to— (1) increase access to postsecondary education opportunities for high-need students; (2) identify and support the most effective interventions to increase postsecondary degree attainment of high-need students; and (3) improve the efficiency of postsecondary education. (b) Definitions In this section: (1) Eligible entity The term eligible entity means any of the following: (A) A State educational agency. (B) A public or private nonprofit institution of higher education. (C) The Bureau of Indian Education. (D) A consortium of any of the entities described in subparagraphs (A) through (C). (E) A partnership between a State educational agency or public or private nonprofit institution of higher education and one or more of the following: (i) A nonprofit organization. (ii) An intermediary organization. (iii) A business. (iv) A sponsor of a program receiving assistance under the National and Community Service Act of 1990 ( 42 U.S.C. 12501 et seq.). (v) A local educational agency. (2) High-need student The term high-need student — (A) means a student, or prospective student, at an institution of higher education who is at risk of educational failure or otherwise in need of special assistance and support