; changing accreditors or authorizers (1) Accreditation and authorization An eligible entity that otherwise meets the requirements for authorization by an innovation authorizer and the requirements for accreditation by a recognized accrediting agency or association may hold accreditation and authorization from both entities. (2) Changing accreditors or authorizers An eligible entity that otherwise meets the relevant requirements for accreditation or authorization may notify the Secretary and change accreditation or authorization status— (A) from an innovation authorizer to a recognized accrediting agency or association; or (B) from a recognized accrediting agency or association to an innovation authorizer. (f) Eligibility for Federal pell grant funding (1) Authorizer Federal Pell Grant funding requirements (A) Aggregate innovation authorizer Federal Pell Grant cap (i) Individual authorizer cap The Secretary shall determine, in accordance with subparagraph (B) for each award year and for each innovation authorizer, the total maximum amount of Federal Pell Grant funds that all eligible entities that are authorized by a given innovation authorizer may receive through tuition and fee payments from enrolled students who receive a Federal Pell Grant. (ii) Aggregate authorizer cap The Secretary shall determine each innovation authorizer Federal Pell Grant cap, as described in clause (i), in a manner that ensures that the aggregate amount of Federal Pell Grant funds that all eligible entities authorized by all innovation authorizers receive each year does not exceed 0.5 percent of total Federal Pell Grant funding for the previous award year. (B) Individual innovation authorizer Federal pell grant cap The Secretary shall determine each innovation authorizer's cap under subparagraph (A)(i) based on— (i) the authorizer's experience and track record of awarding authorization to eligible entities