; or (B) an educational provider that— (i) is not an institution of higher education; (ii) does not receive funding under this Act; (iii) is not accredited by an accrediting agency or association for the purposes of this title; and (iv) is authorized to operate in the State in which the provider is located. (3) Application (A) In general Each eligible entity desiring to participate in the experimental site initiative under this subsection shall submit an application to the Secretary, at such time and in such manner as the Secretary may require, which shall contain the information described in subparagraph (B). The Secretary may not require any information in such an application that is not described in subparagraph (B). (B) Contents Each application under paragraph (1) shall include— (i) a description of which program of study offered at the eligible entity will be included in the experimental site initiative, including— (I) in the case of an eligible entity that is an institution of higher education, an attestation that such program meets the standards of accreditation of the institution’s accrediting agency or association described in clauses (i) through (iv) of section 496(a)(5)(A) (including the standard requiring that the median value-added earnings of students who complete the program are greater than the median total price charged to students for the program); and (II) in the case of an eligible entity defined in paragraph (2)(B), documentation and verified administrative data that the program meets standards similar to the standards of accreditation referenced in subclause (I); (ii) a justification of the reason why the eligible entity seeks to receive the waiver described in paragraph (5)(A), including estimates or documentation of the potential savings to the entity of receiving such waiver