; and (ii) for each succeeding fiscal year, $1,000 multiplied by the percentage (if any) by which the consumer price index for all urban consumers (CPI–U) for the fiscal year preceding such fiscal year exceeds the CPI–U for fiscal year 2020. (C) Rule of construction Nothing in this paragraph permits the use of assistance provided to an eligible individual under this section to pay for tuition at a private elementary, middle, or secondary school. (3) Eligible individuals and entities In this subsection: (A) Eligible individual The term eligible individual means an individual who— (i) is in foster care or was formerly in foster care and is participating in the program under section 477; and (ii) is actively seeking or preparing to seek admission to an institution of higher education (as defined in section 101 of the Higher Education Act of 1965) or a postsecondary vocational institution (as defined in section 102(c) of such Act). (B) Eligible entity The term eligible entity means an entity eligible to receive grants under chapter 1 of subpart 2 of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070a–11 et seq.). (4) Additional considerations In making grants under this subsection, the Secretary shall ensure that at least one grantee is an eligible entity from which assistance is available to all eligible individuals in the United States. (5) Verification Not later than 6 months after the date of enactment of this section, the Secretary shall provide guidance to eligible entities— (A) to regulate the process by which an eligible individual receives assistance or reimbursement from an eligible entity