; and (2) a description of the competency-based education programs, and its associated accreditation standards, to be offered under the project. (g) Evaluation and report (1) Evaluation The Secretary shall evaluate the demonstration programs authorized under this section on an annual basis. Such evaluations specifically shall review— (A) the extent to which the institution, has met the goals set forth in its application to the Secretary; (B) the number and types of students participating in the programs offered, including the progress of participating students toward recognized certificates or degrees and the extent to which participation in such programs increased; (C) issues related to student financial assistance for competency-based education; and (D) the extent to which statutory or regulatory requirements not waived under the demonstration program present difficulties for students or institutions. (2) Report No later than 1 year after the conclusion of the demonstration program, the Secretary shall provide a final report to the authorizing committees regarding— (A) the demonstration programs authorized under this section; (B) the number and types of students receiving assistance under this title for instruction leading to a recognized credential, certificate, or degree, including the progress of such students toward recognized credential, certificate, and the degree to which participation in such programs leading to such certificates increased; (C) identified policies that present impediments to the development and use of competency-based education; and (D) any new understanding of competency and competency-based education and recommendations on how the definitions of such terms should be modified. (h) Oversight In conducting the demonstration program authorized under this section, the Secretary shall, on a continuing basis— (1) assure compliance of institutions with the requirements of this title (other than the sections and regulations that are waived under subsections (b)(2) and (b)(3)(D))