; and (2) develop procedures for identifying the institutions an accreditor shall use to demonstrate that such accreditor— (A) consistently applies and enforces standards; and (B) effectively evaluates the quality of education or training offered by the institutions of higher education accredited by such accreditor. . 4124. Program review and data Section 498A(a)(2) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c–1(a)(2) ) is amended by striking subparagraph (A) and inserting the following: institutions with an adjusted cohort default rate for loans under part D of this title in excess of 18 percent or which places such institutions in the highest 25 percent of such institutions . 4125. Strengthening institutional quality Part H of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1099a et seq.) is amended by adding at the end the following: 4 Strengthening Institutional Quality 498C. Supporting institutional quality improvement (a) Review required On an annual basis, the Secretary shall conduct a review of each institution of higher education that participates in programs under this title. (b) Elements In conducting each review under subsection (a), the Secretary shall assess all factors relating to the eligibility of the institution of higher education to participate in programs under this title and the performance of the institution, including— (1) the authority of the institution to operate under State law; (2) the financial responsibility of the institution; (3) the administrative capacity of the institution; (4) rates of gainful employment of graduates of the institution; (5) the compliance of the institution with program participation agreements under section 487; (6) the return of title IV funds under 484B; (7) the compliance of the institution with Federal revenue requirements