OLYMPIC SCHOLARSHIPS.

SEC. 1543. OLYMPIC SCHOLARSHIPS. (a) Scholarships Authorized.— (1) In general.— The Secretary of Education is authorized to provide financial assistance to the United States Olympic Education Center or the United States Olympic Training Center to enable such centers to provide financial assistance to athletes who are training at such centers and are pursuing postsecondary education at institutions of higher education (as such term 106 STAT. 837is defined in section 481(a) of the Higher Education Act of 1965). (2) Award determination.— The amount of financial assistance provided to athletes described in paragraph (1) shall be determined in accordance with such athlete’s financial need as determined in accordance with part F of title IV of the Higher Education Act of 1965. (b) Eligibility.— The Secretary of Education shall ensure that financial assistance provided under this part is available to both full-time and part-time students who are athletes at centers described in subsection (a). (c) Application.— Each center desiring financial assistance under this section shall submit an application to the Secretary of Education at such time, in such manner and accompanied by such information as the Secretary may reasonably require. (d) Authorization of Appropriations.— There are authorized to be appropriated $5,000,000 for fiscal year 1993 and such sums as may be necessary for each of the 4 succeeding fiscal years to carry out this section.