; and (iv) makes such information available to appropriate constituencies; ; and (E) in paragraph (8), by striking , upon request, ; (3) in subsection (b)— (A) in the subsection heading, by striking Separate and inserting Separately Incorporated ; (B) in the matter preceding paragraph (1), by striking separate and inserting separately incorporated ; (C) in paragraph (2), by inserting who shall represent business after one such public member ; and (D) in paragraph (4), by inserting before the period at the end and is maintained separately from any such entity or organization ; (4) in subsection (c)— (A) in paragraph (1)— (i) by inserting (which may vary based on institutional risk consistent with policies promulgated by the agency or association to determine such risk and interval frequency as allowed under subsection (p)) after intervals ; and (ii) by striking distance education and inserting competency-based education ; (B) by striking paragraph (5) and redesignating paragraphs (2), (3), and (4) as paragraphs (3), (4), and (5), respectively; (C) by inserting after paragraph (1), the following: (2) develops a mechanism to identify institutions or programs accredited by the agency or association that may be experiencing difficulties accomplishing their missions with respect to the student learning and educational outcome goals established under subsection (a)(5) and— (A) as appropriate, uses information such as student loan default or repayment rates, retention or graduation rates, evidence of student learning, financial data, and other indicators to identify such institutions; (B) not less than annually, evaluates the extent to which those identified institutions or programs continue to be in compliance with the agency or association’s standards; and (C) as appropriate, requires the institution or program to address deficiencies and ensure that any plan to address and remedy deficiencies is successfully implemented. ; (D) in paragraph (4)(A), as so redesignated, by striking 487(f) and inserting 487(e)