; and (2) a relationship with the relevant professional organization, accreditation agency or association, or regulatory body to ensure that planning aligns with professional standards and State credentialing requirements. (e) Grant amount (1) In general The minimum amount of each grant under subsection (a)(1) shall be $500,000. (2) Planning grants The amount of each grant under subsection (a)(2) shall be an amount determined by the Secretary. (f) Limitation on administrative expenses An eligible institution that receives a grant under this section may use not more than three percent of funds provided to administer the grant, not including salary and benefits for faculty and staff. (g) Regulations The Secretary shall prescribe such regulations as may be necessary to carry out this section. (h) Report Not later than two years after the date of the enactment of this section, and not less frequently than once every two years thereafter, the Secretary shall submit to the authorizing committees a report on the grant program under this section. Each report shall include— (1) descriptions of the programs supported with grants under this section; (2) demographic information about the students served by such programs