; (II) for each such preceding fiscal year, has met or exceeded the performance levels established by the institution for such year under subsection (e)(1)(B)(v); and (III) has demonstrated the need for such bonus. ; and (B) in paragraph (3)— (i) in subparagraph (A), by striking 4 years and inserting 5 years ; and (ii) in subparagraph (B), by striking subsection (e)(2) and inserting subsection (e)(3) ; (2) by amending subsection (c) to read as follows: (c) Applications (1) In general An institution of higher education desiring a grant under this section shall submit an application to the Secretary at such time, in such manner, and accompanied by such information as the Secretary may require. Such application shall— (A) demonstrate that the institution is an eligible institution described in subsection (b)(4); (B) specify the amount of funds requested; (C) demonstrate the need of low-income students at the institution for campus-based child care services by including in the application— (i) information regarding student demographics, including whether the student is a full-time or part-time student; (ii) an assessment of child care capacity on or near campus; (iii) information regarding the existence of waiting lists for child care services on or near campus; (iv) information regarding additional needs created by concentrations of poverty or by geographic isolation; and (v) other relevant data; (D) specify the percentage of the institution’s grant that will be used directly to subsidize the fee charged for on-campus and off-campus childcare, respectively, for low-income students; (E) contain a description of the activities to be assisted, including whether the grant funds will support an existing child care program or a new child care program