; and (II) such a peer group of institutions cannot be based solely on— (aa) the demographic characteristics of the students attending such institutions; or (bb) the sector of the institution (including whether the institution is a public institution, a proprietary institution, or a nonprofit institution); (iii) shall be assessed using a single performance benchmark established by the agency or association for each standard selected under clause (i), which shall be the same performance benchmark for all institutions for the standard for which the benchmark is established (without regard to the peer group of an institution), except that such a performance benchmark may differ for each category of educational programs (as defined in section 435(a)(9)(E)) offered by institutions, as long as the performance benchmark for any such category is the same performance benchmark for all institutions (without regard to the peer group of an institution); and (iv) in the case of an institution defined in section 101(a), may include consideration of— (I) the historical significance of the institution; and (II) whether the institution is one of the only physical locations at which postsecondary education is provided in the geographic area; (B) student achievement outcomes and program outcomes disaggregated by the subgroups specified in section 153(a)(3)(A) of the Education Sciences Reform Act of 2002 ( 20 U.S.C. 9543(a)(3)(A) ); (C) credentials, as measured by the value of such credentials to the earners of such credentials; (D) curricula, including program length, course sequencing, and objectives related to credentialing; (E) faculty; (F) student support services; (G) recruiting and admissions practices, academic calendars, catalogues, publications, and grading; and (H) fiscal and administrative capacity (which shall include the institution’s governance) as appropriate to the specified scale of operations; ; (B) by redesignating paragraphs (6) through (8) as paragraphs (7) through (9), respectively