; and (2) monitoring the student’s academic engagement and success and ensuring that an instructor is responsible for promptly and proactively engaging in substantive interaction with the student when needed, on the basis of such monitoring, or upon request by the student. (f) Effective date This section shall be effective for any semester (or the equivalent) that begins on or after August 15, 2020, and shall cease to be effective at the end of the 2020–2021 award year. 150112. Institutional stabilization program (a) Authority to participate Notwithstanding paragraph (1) or (2) of section 498(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1099c(c) ), an eligible institution described in subsection (b) may, in lieu of submitting a letter of credit in accordance with section 498(c)(3)(A) of such Act, submit an application under subsection (c)(1) to enter into a COVID–19 provisional program participation agreement in accordance with subsection (d) to provide the Secretary with satisfactory evidence of its financial responsibility. (b) Eligible institution described An eligible institution described in this subsection is a private nonprofit institution of higher education that— (1) either— (A) has a composite score of less than 1.0 for the institutional fiscal year ending in 2019, as determined under section 668.171(b)(1) of title 34, Code of Federal Regulations; or (B) on the date of an application under subsection (c)(1), has (or anticipates having) a composite score of less than 1.0 for the institutional fiscal year ending in 2020, as determined under section 668.171(b)(1) of title 34, Code of Federal Regulations; (2) during award year 2018–2019— (A) offered on-campus classes; and (B) qualified for participation in a program under title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.)