; or (II) that the institution experienced one of the following: (aa) A significant fluctuation in enrollments between consecutive award years or a period of award years. (bb) A citation by a State licensing or authorizing agency for failing State or agency requirements. (cc) High annual drop out rates. (dd) Pending borrower relief claims under section 493H. (C) Financial circumstances materials If the institution’s financial circumstances materially change after the institution submits an addendum under subsection (b)(6), such institution shall submit to the Secretary such certified financial statements and other information as the Secretary may require. (9) Transparency Beginning not later than 90 days after the date of the enactment of this paragraph, and not less than once every 120 days thereafter, the Secretary shall make publicly available on the website of the Department the following: (A) The ratios used to demonstrate financial responsibility under this section. (B) Each reports made to the Secretary under this section. (C) Each audited financial statement submitted to the Secretary by an institution of higher education under this section. (D) Each certified financial statement submitted to the Secretary under paragraph (8)(C). ; and (3) in subsection (i)(2)— (A) in subparagraph (E), by striking or at the end; (B) in subparagraph (F), by striking the period at the end and inserting ; or