; and (ii) shall describe, for each type of scholarship— (I) the minimum and maximum awards for the scholarships, consistent with subsection (d), based on criteria and disbursement priorities established by the eligible entity; (II) the duration of the scholarships, which may be single-year or multi-year awards; (III) the enrollment requirements for participating students, which may include providing scholarships for participating students who are enrolled in an institution of higher education on less than a full-time basis during any award year; and (IV) any additional student eligibility criteria established by the eligible entity for earning and maintaining scholarships under this section, including— (aa) financial need; (bb) meeting participation milestones in the activities offered by the eligible entity under section 404D; (cc) meeting and maintaining satisfactory academic milestones; and (dd) other criteria aligned with State and local goals to incentivize postsecondary readiness, access, and success. ; and (iii) in paragraph (3), as redesignated by clause (i), by striking may award and inserting may use not less than 10 percent and not more than 50 percent of funds made available under this chapter to award ; (B) in subsection (b)— (i) in the subsection heading, by striking Limitation and inserting State limitation ; and (ii) in paragraph (2), by striking eligible entity demonstrates and all that follows through the period at the end and inserting the following: eligible entity— (A) demonstrates that the eligible entity has another means of providing the students with the financial assistance described in this section or eligible students have reasonable access to State and local financial assistance programs; and (B) describes such means or access in the application submitted under section 404C.