; and (B) describes such means or access in the application submitted under section 404C. ; (C) in subsection (e)— (i) by striking paragraph (1) and inserting the following: (1) In general (A) Scholarship plan Each eligible entity described in section 404A(c)(1) that receives a grant under this chapter shall hold in reserve, for the students served by such grant as described in section 404B(d)(1)(A) or 404D(d), an estimated amount that is based on the eligible entity’s scholarship plan described in subsection (a)(1). (B) Interest use Interest earned on funds held in reserve under subparagraph (A) may be used by the eligible entity to administer the scholarship program during the award period and through the post-award period described in paragraph (4). ; (ii) in paragraph (2)(B), by inserting , or been accepted for enrollment, after enrolled ; and (iii) in paragraph (3)— (I) in subparagraph (A), by striking and after the semicolon; (II) by redesignating subparagraph (B) as subparagraph (C); and (III) by inserting after subparagraph (A) the following: (B) the costs associated with enrolling in an institution of higher education; and ; and (D) in subsection (g)— (i) in paragraph (3)— (I) by inserting or, if the eligible entity chooses, in another program of study or credential program for which an individual could use funds received under a Federal Pell Grant to attend, before that is located ; and (II) by striking except that, at the State’s option and inserting except that, at the eligible entity’s option ; and (ii) in paragraph (4), by inserting and qualifies for an award, consistent with the eligible entity’s scholarship plan as described in subsection (a)(2) after 404D(a) ; (6) in section 404G ( 20 U.S.C. 1070a–27 )— (A) in subsection (b)— (i) in paragraph (1), by striking and after the semicolon; (ii) in paragraph (2), by striking the period at the end and inserting ; and