; (C) that the quality of demonstration of competence is judged at mastery for each competency that is assessed for the award of a certificate or degree; (D) a standard for the amount of learning that is included in a unit of competency; (E) reasonable, clear, and actionable benchmarks for graduation rates and the employment and earnings of graduates, including job placements in a field for which the program prepares students, debt-to-earnings ratios, loan repayment rates, and student satisfaction; (F) regular evaluation of whether the program meets the benchmarks under subparagraph (E), and address what may be the cause with identified interventions; and (G) that students may not receive a subsequent disbursement until they have completed the anticipated number of credits for the payment period. (3) Standards for determining when to deny, withdraw, suspend, or terminate the accreditation of the program if the benchmarks under paragraph (2)(E) are not achieved after 4 consecutive title IV payment periods, including standards for providing sufficient opportunity— (A) for the eligible entity or program to provide a written response regarding the failure to achieve such benchmarks be considered by the agency or association in the manner described in section 496(a)(6)(B); and (B) for the eligible entity or program to appeal any adverse action under this subparagraph before an appeals panel that meets the requirements of section 496(a)(6)(C). (d) Selection (1) In general Not later than 12 months after the date of enactment of the Advancing Competency-Based Education Act of 2019 , the Secretary shall select not less than 25 and not more than 100 eligible entities to carry out a demonstration project under this section under which at least 1 competency-based education program is offered at each eligible entity. (2) Considerations In selecting eligible entities under paragraph (1), the Secretary shall— (A) consider the number and quality of applications received