; and (ii) for each subsequent award year, the amount determined under this subparagraph for the preceding award year, increased by the lesser of— (I) a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) since the date of such determination; or (II) 3 percent; or (B) in the case of an eligible institution that is a 4-year institution, the product of the number of eligible students enrolled in such institution multiplied by— (i) for the 2024–2025 award year, $10,200; and (ii) for each subsequent award year, the amount determined under this subparagraph for the preceding award year, increased by the lesser of— (I) a percentage equal to the estimated percentage increase in the Consumer Price Index (as determined by the Secretary) since the date of such determination