; and (B) that enrolls not less than 30 first-time, full-time, degree- or certificate-seeking undergraduate students. (3) Low-income or working class student The term low-income or working class student means a student who is eligible to receive a Federal Pell Grant. (4) Moderate-income student The term moderate-income student means a student who is eligible to receive a subsidized Federal Direct Stafford Loan but not eligible to receive a Federal Pell Grant. (5) Remedial course The term remedial course means a course of study that is determined by the institution which offers such course to be necessary to help a student be prepared for the pursuit of a first undergraduate bachelor's degree but does not count for credit toward the degree. (6) Underrepresented minority The term underrepresented minority means Alaskan Native, Black (not of Hispanic origin), Hispanic (including persons of Mexican, Puerto Rican, Cuban, and Central or South American origin), Native American, or Pacific Islander (including Native Hawaiian) minority group. (b) Improving college access (1) In general (A) Required participation In order for an institution of higher education to participate in any student financial assistance program under this title, the institution shall participate in the improving college access program under this subsection. (B) No condition on eligibility for participation for ranking Eligibility to participate in any student financial assistance program under this title shall not be conditioned on an institution’s position on the ranking completed under this subsection. (2) Calculation of percentages of federal pell grant recipients (A) In general For academic year 2020–2021 and for each succeeding academic year, the Secretary shall determine, for each institution of higher education, the percentage of bachelor's degree-seeking students who enrolled at the institution for the first-time in a full-time capacity for the academic year who received a Federal Pell Grant for such academic year. (B) Ranking (i) In general