; (2) in paragraph (13), by inserting controlled, before owned ; and (3) by adding at the end the following: (25) Public institution of higher education The term public institution of higher education means an institution of higher education— (A) for which all obligations of the institution are valid and binding obligations of a State (or of an equivalent governmental entity); and (B) for which the full faith and credit of such State (or equivalent governmental entity) is pledged for the timely payment of such obligations. (26) Foster care youth The term foster care youth means an individual whose care and placement is the responsibility of the State or tribal agency that administers a State or tribal plan under part B or E of title IV of the Social Security Act ( 42 U.S.C. 621 et seq.; 670 et seq.), without regard to whether foster care maintenance payments are made under section 472 of such Act ( 42 U.S.C. 672 ) on behalf of the individual, including any such individual who was in such care on or after attaining 13 years of age and without regard to the reason the individual left such care. (27) Federal education assistance funds The term Federal education assistance funds — (A) except as provided in subparagraph (B), means any Federal funds provided, under this Act or any other Federal law, through a grant, contract, subsidy, loan, or guarantee, or through insurance or other means (including Federal funds disbursed or delivered to an institution or on behalf of a student or to a student to be used to attend the institution)