; and (B) not more than 4 years. (3) Limitations (A) Number of awards An eligible partnership or member of such partnership may not be awarded more than one grant under this section. (B) Administration costs An eligible partnership awarded a grant under this section may not use more than 5 percent of the grant funds to pay administrative costs associated with activities funded by the grant. (c) Matching funds To receive a grant under this section, an eligible partnership shall, through cash or in-kind contributions, provide matching funds from non-Federal sources in an amount equal to or greater than 50 percent of the amount of such grant. (d) Applications (1) In general To receive a grant under this section, an eligible partnership shall submit to the Secretary at such a time as the Secretary may require, an application that— (A) identifies and designates the business or institution of higher education responsible for the administration and supervision of the earn-and-learn program for which such grant funds would be used; (B) identifies the businesses and institutions of higher education that comprise the eligible partnership; (C) identifies the source and amount of the matching funds required under subsection (c); (D) identifies the number of students who will participate and complete the relevant earn-and-learn program within 1 year of the expiration of the grant; (E) identifies the amount of time, not to exceed 2 years, required for students to complete the program; (F) identifies the relevant recognized postsecondary credential to be awarded to students who complete the program; (G) identifies the anticipated earnings of students— (i) 1 year after program completion; and (ii) 3 years after program completion; (H) describes the specific project for which the application is submitted, including a summary of the relevant classroom and paid structured on-the-job training students will receive; (I) describes how the eligible partnership will finance the program after the end of the grant period