need.--If a student's total financial aid from all sources
exceeds the student's financial need, a public institution of
higher education may reduce the student's institutional
financial aid until the student's total financial aid no longer
exceeds the student's financial need.
(c) When approval of organization given.--In addition to the
reduction authorized under subsection (b), a public institution
of higher education may reduce a student's institutional
financial aid if the public institution of higher education
receives approval from the organization that awarded the private
scholarship that caused the reduction authorized under
subsection (b).
(d) Student athletes.--If a student is an athlete at a
public institution of higher education, the public institution
of higher education may reduce the student's institutional
financial aid in order to comply with the individual or team
financial aid restrictions of an athletic association,
conference or other group or organization with authority over
intercollegiate athletics including, but not limited to, the
National Collegiate Athletic Association.
(e) As used in this section, the following words and phrases
shall have the meanings given to them in this subsection unless
the context clearly indicates otherwise:
"Expected family contribution." The expected family
contribution as determined under section 474 of the Higher
Education Act of 1965 (Public Law 89-329, 20 U.S.C. ยง 1087nn).
"Financial need." The cost of attendance minus expected
family contribution.
"Institutional financial aid." The sum of all need-based and
merit-based grants, scholarships, tuition waivers and all other
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