; and (II) approval allowing such institution, program, or course to originate direct loans under part D of title IV. (xi) A description of how the State will administer title IV funds for institutions that provide postsecondary education, postsecondary apprenticeship programs, and postsecondary education courses or programs provided by an institution of postsecondary education, a nonprofit organization, or a for-profit organization or business that are accredited through the alternative accreditation system. (C) Review and approval Not later than 30 days after the Secretary receives an application from a State to enter into an alternative accreditation agreement, the Secretary shall— (i) approve the application and enter into the agreement; and (ii) submit to the State and Congress, and make publicly available, a response to the application. (D) Time limit Each agreement the Secretary enters into for the establishment of an alternative accreditation system in a State shall be for a period of 10 years. . (b) Title IV eligibility requirements Part G of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1088 et seq.) is amended by adding at the end the following: 493E. State Accredited Institutions, Programs, or Courses Notwithstanding any other provision of law, an institution, program, or course that is eligible for funds under this title in accordance with section 102(a)(1)(B) and meets the requirements of section 102(a)(5) shall not be required to meet any other requirements of this title. For purposes of this title, such an institution, program, or course shall be deemed to be an eligible institution that meets the requirements of section 487. . II Transparency in higher education 201. Time for transparency in higher education (a) In general Title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) is amended— (1) in section 487(a), by adding at the end the following: (30) The institution will publish information in compliance with section 493E.