; (II) financial aid to students awarded predominantly on the basis of merit, including programs awarded on the basis of predicted or actual academic performance or assessment; (III) research and development; (IV) hospitals, athletics, or other auxiliary enterprises; or (V) corporate or other private donations directed to 1 or more institutions of higher education permitted to be expended by the State; or (vii) any other funds that the Secretary determines shall not be included in the calculation of State fiscal support for higher education for such State. (C) Adjustments for biennial appropriations The Secretary shall take into consideration any adjustments to the calculations under this paragraph that may be required to accurately reflect State fiscal support for higher education in States with biennial appropriation cycles. (13) State fiscal support for higher education per full-time equivalent student The term State fiscal support for higher education per full-time equivalent student , when used with respect to a State for a fiscal year, means, the amount that is equal to— (A) the State fiscal support for higher education for the previous fiscal year