; and (ii) any suggestions for improvements to the application the eligible entity should make to be eligible for such a grant; and (B) the eligible entity may resubmit such application after receipt of the explanations and suggestions under subparagraph (A). (3) Renewal The Secretary may renew a grant awarded under this Act for one additional 2-year period for an eligible entity that demonstrates the success of the program funded under the grant, such as through student, parent, teacher or satisfaction, or program efficacy. (4) Priority In awarding grants under this Act, the Secretary shall award grants to eligible entities that will use the grant to provide programs that account for diverse student and community needs, including any need for electronic and written materials, broadband or connectivity, multiple languages, and assistance for students with disabilities. (5) Diversity of projects In awarding grants under this Act, the Secretary shall ensure that, to the extent practicable, grants are distributed among eligible entities that will serve— (A) geographically diverse areas, including urban, suburban, and rural areas; and (B) diverse types of elementary schools and secondary schools. 3. Definitions In this Act: (1) Elementary school The term elementary school has the meaning given such term in section 8101 of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7801(19) ), and includes a home school that provides elementary education, as such terms are defined under State law. (2) Eligible entity (A) In general The term eligible entity means an entity— (i) with demonstrated expertise in the development of strategies designed to improve understanding of personal finance topics among elementary school or secondary school students