Not more than 20 percent of funds awarded under this title may be used for the administration of emergency aid at institutions of higher education. (3) Direct aid Not less than 80 percent of funds awarded under this title shall be used to award emergency aid subgrants to eligible students. (c) Eligible student defined In this title, the term eligible student means a student enrolled at a public institution of higher education, without regard to whether such student submits an application under section 483 of the Higher Education Act of 1965 ( 20 U.S.C. 1090 ), experiencing financial challenges that may affect the ability of such student to remain enrolled at such institution, including— (1) loss of— (A) employment (including a temporary loss of employment)