SCHOLARSHIPS FOR FIRST-YEAR STUDENTS OF EXCEPTIONAL FINANCIAL NEED.

SEC. 605. SCHOLARSHIPS FOR FIRST-YEAR STUDENTS OF EXCEPTIONAL FINANCIAL NEED. (a) Scholarships for Students of Exceptional Financial Need.—Section 758 (42 U.S.C. 294z) is amended— (1) in subsection (a), by striking out “and who are in their first year of study at such school”; and (2) in subsection (b)— (A) in paragraph (1), by striking out “in their first year of study at such school”; 102 STAT. 3127 (B) in paragraph (2)— (i) by striking out “shall consist” and inserting in lieu thereof “may consist of all or part”; and (ii) by inserting “not in excess” before “of $400” in subparagraph (B); (C) in paragraph (5), by inserting “maximum allowable” before “monthly stipend”; and (D) by striking out paragraph (6). (b) Authorization of Appropriations.—Section 758(d) (42 U.S.C. 294z(d)) is amended by striking “and” after “1987,” and inserting before the period the following: “, $7,300,000 for fiscal year 1989, $30,000,000 for fiscal year 1990, and $30,000,000 for fiscal year 1991”.