To be eligible to receive a grant or enter into a contract or cooperative agreement under this subpart, an eligible consortium shall submit an application to the Secretary at such time, in such manner, and containing such information as the Secretary may require. Such application shall include the following:
(1) A description of the project to be carried out with the grant, including how the project will—
develop a long-term partnership focused on effective teaching with modern digital tools and content that substantially connects preservice preparation of teacher candidates with high-need schools; or
(2) A demonstration of—
the commitment, including the financial commitment, of each of the members of the consortium for the proposed project; and
A description of how the project will be continued after Federal funds are no longer available under this subpart for the project.
(6) A description of how the project will incorporate—
A plan for the evaluation of the project, which shall include benchmarks to monitor progress toward specific project objectives.