; and (2) first-generation postsecondary students. (c) Application (1) In general An eligible entity desiring a contract under this section shall submit to the Secretary an application at such time and in such form as the Secretary may require. (2) Contents The application described in paragraph (1) shall include— (A) a description of the eligible entity's strategy for improving the retention and completion rate, at one or more institutions of higher education, for students who receive Federal Pell Grants or first-generation postsecondary students; (B) an identification of the target population for the pay-for-success project and of the target outcomes to be achieved; (C) an identification of the independent entity that will carry out a robust, rigorous evaluation approved by the Director of the Institute of Education Sciences to determine the effectiveness of the pay-for-success project, and a description of the methodology that the entity will use for this evaluation, including the timeline for completion