Sec. 5001. Hispanic-serving institutions
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Section 503(b) of the Higher Education Act of 1965 ( 20 U.S.C. 1101b(b) ) is amended— by redesignating paragraph
(16)as paragraph (17); and by inserting after paragraph
(15)the following: Promoting opportunities for international education, including through the development of partnerships with institutions of higher education outside the United States. . Section 503(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1101b(c) ) is amended— in paragraph (2)— by striking non-Federal funds and inserting non-Federal funds (which may include gifts to the endowment fund restricted for a specific purpose) ; and by striking equal to or greater than and inserting equal to 50 percent of ; and by inserting after paragraph
(3)the following: An eligible institution that uses grant funds provided under this title to establish or increase an endowment fund may use the interest proceeds from such endowment to provide scholarships to students for the purposes of attending such institution. .
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Sec. 5001
Hispanic-serving institutions
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