; and (ii) a system for monitoring a student’s engagement and progress in each competency, in which faculty are responsible for providing proactive academic assistance, when needed, on the basis of such monitoring; and (E) upon a student’s demonstration or mastery of a set of competencies identified and required by the institution, leads to or results in the awarding of a recognized educational credential. (2) Eligible entity The term eligible entity means an institution of higher education, which may be an institution of higher education that offers a dual or concurrent enrollment program. (3) Institution of higher education The term institution of higher education has the meaning given the term in section 102, except that such term does not include institutions described in section 102(a)(1)(C). (4) Dual or concurrent enrollment program The term dual or concurrent enrollment program has the meaning given the term in section 8101 of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7801 ). (5) Director The term Director means the Director of the Institute of Education Sciences. (6) First generation college student The term first generation college student has the meaning given the term in section 402A(h)(3). . (m) Rule of construction Nothing in this section or the amendments made by this section shall be construed to alter the authority of the Secretary of Education to establish experimental sites under any other provision of law. 4102. Competency-based education council (a) Establishment of a committee on competency-Based education Not later than 6 months after the date of enactment of the Aim Higher Act, there shall be established the Competency-Based Education Council (referred to in this section as the Council ). (b) Membership (1) Composition The Council shall be composed of— (A) 3 individuals appointed by the Secretary of Education; (B) 2 individuals appointed by the Director of the Consumer Financial Protection Bureau