; and (ii) the amount determined under subparagraph (B) with respect to the institution of higher education for the academic year. (B) Education share With respect to an institution of higher education for an academic year, the amount determined under this subparagraph is equal to the product of— (i) the percentage that is equal to— (I) the amount expended by the institution of higher education in the academic year for instruction and student services; divided by (II) the amount expended by the institution of higher education in the academic year for instruction, student services, research, and public service; and (ii) the amount expended by the institution of higher education in the academic year for instruction, student services, and operation maintenance. (2) Eligible entity The term eligible entity means an institution of higher education that has received an equity planning grant under section 791. (3) Full-time equivalent undergraduate students The term full-time equivalent undergraduate students means the sum of the number of undergraduate students enrolled full time at an institution of higher education, plus the full-time equivalent of the number of undergraduate students enrolled part time (determined on the basis of the quotient of the sum of the credit hours of all part-time students divided by 12) at such institution. (b) Authorization of grants (1) In general The Secretary shall award, on a competitive basis, implementation grants to enable eligible entities to develop and execute an improvement plan to address the findings of the equity audit. (2) Determination of grant size The Secretary shall award implementation grants under this section in an amount based on— (A) the eligible entity's enrollment size