; and (B) may give priority to institutions of higher education that are eligible to receive assistance under section 371. (4) Number of applications An institution of higher education may submit not more than 2 applications under this subsection for each award year. (d) Use of funds (1) In general An institution of higher education shall use funds provided under this section to make emergency financial aid grants to eligible students enrolled at the institution of higher education at the time of the qualifying emergency to address the unexpected expenses related to the basic needs of eligible students during a qualifying emergency. (2) No repayment An eligible student receiving an emergency financial aid grant shall not be required to repay all or any portion of the emergency financial aid grant. (3) Limitations An emergency financial aid grant to an eligible student may not be in an amount greater than $1,500 per award year. (4) Determinations In determining eligibility for and awarding emergency financial aid grants under this subsection, an institution of higher education may— (A) independently assess a student’s unmet financial need and eligibility separate from the student’s expected family contribution (as determined under section 474) for an award year; (B) utilize a separate application process to determine the student’s unmet financial need