; divided by (B) the number of full-time equivalent students enrolled in public institutions of higher education in such State or tribe for such previous fiscal year. . B Student success fund 111. Student success fund Part J of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq. ), as added by section 101, is further amended by adding at the end the following: 2 Student success fund 499I. In general From amounts appropriated under section 499O for any fiscal year, the Secretary shall carry out a grant program (to be known as the Student Success Fund ) to make grants to eligible entities to carry out the activities and services described in section 499L. 499J. Federal share and matching funds (a) Federal share (1) Formula requirements The Federal share of a grant under this subpart shall be based on a formula, developed by the Secretary, that accounts for— (A) the State or Indian tribe’s relative share of eligible students, as determined in accordance with section 499B(c); (B) the State or Indian tribe’s relative share of Federal Pell Grant recipients; and (C) the ratio between a State or Indian tribe’s funding per full-time equivalent (FTE) student at public institutions of higher education and the average net price at public 4-year institutions of higher education, in such a way as to reward States and Indian tribes that keep net prices for students low while maintaining their fiscal support for higher education. (2) Formula published before application deadline The Secretary shall— (A) develop the formula described in paragraph (1); (B) calculate estimated allotments for each eligible entity under such formula