a financial aid relating to indirect costs shall include the following content: (i) Selection of indirect costs The student shall have the ability to select each component of the cost of attendance under section 472, as amended by section 702 of the FAFSA Simplification Act (other than the direct costs determined under subparagraph (B)(i)) for which the student needs support for the academic period covered by the offer, which may include components relating to housing and food, books and supplies, transportation, and miscellaneous personal expenses. (ii) Estimated sum of indirect costs The estimated sum of the student’s indirect costs for the academic period covered by such offer, as determined by the sum of each of the components of indirect costs selected under clause (i). (iii) Grants and scholarships Any amounts of the grants and scholarships identified under subparagraph (B)(ii), which— (I) remain available after financing the direct costs determined under subparagraph (B)(i)