; and ; and (iii) by adding at the end the following: (C) the student maintains a pace in his or her educational program that— (i) ensures that the student completes the program within the maximum timeframe; and (ii) is measured by a method determined by the institution which may be based on credit hours, clock hours, or competencies completed. ; (B) in paragraph (2), by striking grading period and inserting evaluation period ; and (C) by adding at the end the following: (4) For purposes of this subsection, the term maximum timeframe means— (A) with respect to an undergraduate program measured in credit hours, a period that is no longer than 150 percent of the published length of the educational program, as measured in credit hours; (B) with respect to an undergraduate program measured in competencies, a period that is no longer than 150 percent of the published length of the educational program, as measured in competencies; (C) with respect to an undergraduate program measured in clock hours, a period that is no longer than 150 percent of the published length of the educational program, as measured by the cumulative number of clock hours the student is required to complete and expressed in calendar time; and (D) with respect to a graduate program, a period defined by the institution that is based on the length of the educational program.