; and (4) a prospective budget for the proposed financial literacy program. (c) Grants (1) Amounts The Director shall determine the amount of each grant awarded under the program established under subsection (a). (2) Term A grant awarded under the program established under subsection (a) shall be for a term of 12 months. (3) Considerations In awarding grants under the program established under subsection (a), the Director may consider whether the proposed financial literacy program of an applicant would address the types of abuse that result in a penalty being deposited into the Consumer Financial Civil Penalty Fund established under section 1017(d) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5497(d) ). (4) Renewal An eligible entity may apply to renew a grant awarded under the program established under subsection (a) by submitting to the Director a simplified renewal application that shall receive expedited review. (5) Bureau of Consumer Financial Protection annual financial literacy report In awarding grants under this section, the Director shall consider information provided by the annual report that is required under section 1013(d)(4) of the Dodd-Frank Wall Street Reform and Consumer Protection Act ( 12 U.S.C. 5493(d)(4) ). (d) Financial literacy program described A financial literacy program described in this subsection is a program that provides the following: (1) Instruction to participants, including individuals who provide instruction with respect to financial literacy education, on one or more of the following: (A) Personal financial wellness. (B) Credit and alternatives to credit. (C) Management of student loan debt. (D) Financial counseling for individuals who seek to attend a college, university, or vocational school. (E) Preparation for homeownership. (F) Basic investing. (G) Financial saving, planning, and management. (H) Tax planning. (I) Personal information security. (J) Preparation for retirement. (K) Entrepreneurship assistance or assistance in starting a