; and (B) shall be calculated by the financial aid office of an institution of higher education applying the same standards, policies, and procedures for all students. (10) Covered compensation The term covered compensation — (A) means any payment, remuneration, or benefit provided by a third party to a college athlete or a former college athlete; and (B) does not include the payment or provision of a grant-in-aid. (11) Endorsement contract The term endorsement contract means an agreement for the commercial use of a college athlete’s name, image, likeness, or athletic reputation, in exchange for covered compensation. (12) Fund The term Fund means the medical trust fund established under section 6(a). (13) Grant-in-aid The term grant-in-aid — (A) means a scholarship, grant, or other form of financial assistance, including the provision of tuition, room, board, books, or funds for fees or personal expenses, that— (i) is paid or provided by an institution of higher education to a student for the student’s undergraduate or graduate course of study; and (ii) is in an amount that does not exceed the cost of attendance for such student at the institution of higher education; and (B) does not include covered compensation. (14) Image The term image , with respect to a college athlete, means a photograph, video, or computer-generated representation that identifies, is linked to, or is reasonably linkable to the college athlete. (15) Institution of higher education The term institution of higher education has the meaning given the term in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 et seq.). (16) Intercollegiate athletic association The term intercollegiate athletic association means any association, conference, or other group or organization, including the National Collegiate Athletic Association, that— (A) exercises authority over intercollegiate athletics