; (C) in paragraph (3), by inserting undergraduate after only ; (D) in paragraph (4), by striking 300 and inserting 500 ; (E) in paragraph (5)— (i) by striking shall not exceed 75 percent and inserting shall not exceed 75 percent in the first year after the date of the enactment of PROSPER Act , 65 percent in the first succeeding fiscal year, 60 percent in the second succeeding fiscal year, 55 percent in the third succeeding fiscal year, and 50 percent each succeeding fiscal year ; (ii) by striking subparagraph (A); (iii) in subparagraph (B)— (I) by striking 75 and inserting 50 ; and (II) by striking the semicolon and inserting ; and ; (iv) by redesignating subparagraph (B) as subparagraph (A); and (v) by adding at the end the following: (B) the Federal share may equal 100 percent with respect to funds received under section 442(a)(1)(A); ; (F) in paragraph (8)— (i) in subparagraph (A)(i), by striking vocational and inserting career ; and (ii) in subparagraph (B), by striking community service and inserting work-based learning ; (G) in paragraph (10), by striking ; and and inserting a semicolon; (H) in paragraph (11), by striking the period at the end and inserting a semicolon; and (I) by adding at the end the following: (12) provide assurances that the institution will collect data from students and employers such that the employment made available from funds under this part will, to the maximum extent practicable, complement and reinforce the educational goals or career goals of each student receiving assistance under this part; and (13) provide assurances that if the institution receives funds under section 442(a)(1)(A), such institution shall— (A) use such funds to compensate students participating in the work-study program; and (B) prioritize the awarding of such funds to students— (i) who demonstrate exceptional need; or (ii) who are employed in work-based learning opportunities through the work-study program.