; and (B) notwithstanding section 480(j) of the Higher Education Act of 1965 ( 20 U.S.C. 1087vv(j) ), shall not be included as financial assistance for purposes of determining a student’s eligibility for financial assistance under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.). (b) Right to compensation for expenses (1) In general An institution of higher education, an intercollegiate athletic association, or a conference may not restrict the ability of a college athlete to receive payment from any source for— (A) transportation, room, or board for one or more friends or family members of the college athlete during any period in which the college athlete is addressing a physical or mental health concern or participating in intercollegiate athletics competition; (B) necessities, including food, shelter, medical coverage, and medical expenses; or (C) tuition, fees, books, transportation, or any other incidental expense that is not otherwise provided by an institution of higher education. (2) Grants-in-aid guarantees (A) Receipt of covered compensation pursuant to an endorsement contract shall not adversely affect— (i) a college athlete’s eligibility or opportunity to apply for a grant-in-aid; or (ii) the amount, duration, or renewal of a college athlete’s grant-in-aid. (B) Limitation on revocation An institution of higher education may not revoke or reduce a college athlete’s grant-in-aid based on the college athlete having entered into an endorsement contract. (c) Right to agent representation (1) In general An institution of higher education, an intercollegiate athletic association, or a conference may not restrict the ability of a college athlete to obtain agent representation with respect to an endorsement contract, including— (A) representation provided by college athlete agents, group licensing entities, and financial advisors