; (ii) commitment and ability to effectively finance the demonstration project; (iii) ability to provide administrative capability and the expertise to evaluate student progress based on measures other than credit hours or clock hours; (iv) history of compliance with the requirements of this Act; (v) commitment to work with the Director of the Institute of Education Sciences and the Secretary to evaluate the demonstration project and the impact of the demonstration project under subsection (g)(2); and (vi) commitment and ability to assess student learning through a third party; (C) ensure the selection of a diverse group of eligible entities with respect to size, mission, student population, and geographic distribution; (D) not limit the types of programs of study or courses of study approved for participation in a demonstration project; and (E) not select an eligible entity that has had, for 1 of the preceding 2 fiscal years, an adjusted cohort default rate (defined in section 435(m)) that is 20 percent or greater. (e) Waivers and other flexibility (1) In general With respect to any eligible entity selected to carry out a demonstration project under this section, the Secretary may— (A) waive any requirements of the provisions of law (including any regulations promulgated under such provisions) listed in paragraph (2) for which the eligible entity has provided a reason for waiving under subsection (b)(4)(F)