; (B) the amount of each such grant and the total grant funds that an eligible student may receive, except that the maximum amount that a student may receive in emergency supplemental assistance grants may not exceed— (i) for academic year 2024–2025, $500; and (ii) for academic year 2025–2026 and each succeeding academic year, the maximum amount in emergency supplemental assistance grants that a student may receive for the preceding academic year, as determined under this subparagraph, increased by a percentage equal to the estimated percentage change increase in the Consumer Price Index (as determined by the Secretary, using the definition in section 478(f)); and (C) the anticipated and unanticipated expenses referred to in paragraph (1) that such grants will cover based on the needs of eligible students, which— (i) may vary by factors including academic year, housing, parental status, location in urban or rural area, or other circumstances; and (ii) for an individual student, may cover— (I) any component of the cost of attendance for the student; (II) an allowance for actual or expected expenses incurred for dependent care that exceeds such expenses determined for the student under section 472(a)(9); (III) an allowance for actual or expected expenses for transportation that exceeds such expenses determined for the student under section 472