ELIGIBLE RECIPIENTS.

SEC. 1344. ELIGIBLE RECIPIENTS. (a) Tribes and Tribal Organizations.— The Secretary of the Interior (hereafter in this part referred to as the “Secretary”) shall make grants, in accordance with the requirements of this part, to— (1) tribes or multitribal organizations not serviced by current federally funded postsecondary institutions authorized for economic development grants; and (2) tribes or multitribal organizations which lack sufficient numbers of professionally trained tribal members to support established or ongoing economic development initiatives. (b) Students.— Any tribe or tribal organization that receives funds under subsection (a) shall make such funds available by loan, under terms and conditions consistent with section 1345, to Indian students who have successfully completed 30 hours of postsecondary education and who are eligible for readmission to a postsecondary institution.