; (II) how the eligible entity will successfully carry out the project with such maximum enrollment or enrollment growth; and (III) any other amendments to the eligible entity’s application under paragraph (1) that are related to such maximum enrollment or enrollment growth; and (ii) the Secretary shall determine whether to approve or deny an amendment submitted under clause (i) for a demonstration project based on the project’s evaluations under subsection (g)(2). (4) Contents Each application under paragraph (1) shall include— (A) a description of each competency-based education program to be offered by the eligible entity under the demonstration project; (B) a description of the proposed academic delivery, business, and financial models for the demonstration project, including explanations of how each competency-based education program offered under the demonstration project will— (i) result in the achievement of competencies; (ii) differ from standard credit hour approaches, in whole or in part; and (iii) result in lower costs or shortened time to the completion of a recognized educational credential; (C) a description of how each competency-based education program offered under the demonstration project will progress a student toward completion of a recognized educational credential; (D) a description of the meaningful role of the appropriate faculty of the eligible entity in the development, design, implementation, delivery, and evaluation of each such competency-based education program; (E) a description of how each such competency-based education program will provide strong post-enrollment earnings and loan repayment outcomes; (F) a description of how the eligible entity will articulate the transcript from a competency-based education program offered under the demonstration project to another program at the eligible entity or at another institution of higher education