; and (ii) initially receives grant funds, as calculated under this subsection, based on such data. (B) Adjustment of grant amount For each year for which an eligible institution receives a grant under this subpart, the Secretary shall, once final enrollment data for such year are available— (i) in consultation with the eligible institution concerned, determine the actual number of full-time equivalent eligible students for the year covered by the grant; and (ii) adjust the grant amount received by the eligible institution to reflect the actual number of full-time equivalent eligible students by applying the relevant adjustment to such grant amount in the subsequent award year in accordance with subparagraph (C). (C) Calculation of adjustments If the actual full-time equivalent eligible students figure for the preceding award year reported under subparagraph (B)— (i) exceeds the projected enrollment that was used for determining the allotment under paragraph (1) for the preceding award year, notwithstanding any other provision of this Act, the grant amount for the subsequent award year for the eligible institution shall be increased to reflect such actual enrollment, which figure shall be increased by the Gross Domestic Product Price Index of the State in which the eligible institution is located