; (II) by expressing a student’s level of mastery of competencies in terms of equivalent credit or clock hours; or (III) by a combination of the methods described in subclauses (I) or (II) and credit or clock hours; and (ii) provides the educational content, activities, and resources, including substantive instructional interaction, including by faculty, and regular support by the institution, necessary to enable students to learn or develop what is required to demonstrate and attain mastery of such competencies, as assessed by the accrediting agency or association of the institution of higher education. (B) Competency-based education program Except as otherwise provided, the term competency-based education program means a postsecondary program offered by an institution of higher education that— (i) provides competency-based education, which upon a student’s demonstration or mastery of a set of competencies identified and required by the institution, leads to or results in the award of a certificate, degree, or other recognized educational credential; (ii) has a method to differentiate between knowledge that a student acquired prior to enrollment in the competency-based education program and knowledge that the student acquired as a result of enrollment in such program