; (II) by striking the period at the end of clause (ii) and inserting ; and ; and (III) by adding at the end the following: (iii) shall be subject to a grant agreement of not less than 10 years. ; (ii) by striking subparagraphs (C) and (D) and inserting the following: (C) Applications (i) Grant-only applications The Secretary shall establish an application process that permits an application for a grant-only award. (ii) Combined applications The Secretary shall establish an application process that— (I) permits a single application for a grant and a loan under title I or II, or this title, that is associated with the grant; and (II) provides a single decision to award the grant and the loan. ; (iii) by redesignating subparagraph (E) as subparagraph (D); and (iv) by striking subparagraph (F); and (D) by striking paragraph (4) and inserting the following: (4) Fees (A) Initial guarantee fee The Secretary may assess an initial guarantee fee for any insured or guaranteed loan issued or modified under this section in an amount that does not exceed 3 percent of the guaranteed principal portion of the loan. (B) Periodic retention fee The Secretary may assess a periodic retention fee for any insured or guaranteed loan or modified under this section in an amount that does not exceed 0.75 percent of the outstanding principal of the guarantee loan. (C) Disclosure In altering any fee charged for any insured or guaranteed loan issued or modified under this section, the Secretary, not less than 30 days in advance of any fee change, shall provide a public disclosure, of the financial data, economic and behavioral assumptions, calculations, and other factors used to determine the new fee rates. ; (4) in subsection (d)— (A) in paragraph (1)— (i) in subparagraph (A)— (I) in clause (i), by adding and at the end; and (II) by striking require; and and all that follows through agree and insert require, and agree