; or (II) the institution’s percentage of all bachelor's degree-seeking students enrolled at the institution who received a Federal Pell Grant for the academic year is sufficiently high, as determined by the Secretary. (iii) Automatic removal An institution of higher education that is in the bottom 5 percent of those institutions ranked under paragraph (2)(B) for an academic year but whose average percentage for the academic year and the 2 preceding academic years of bachelor's degree-seeking students who enrolled at the institution for the first-time in a full-time capacity for the academic year and the 2 preceding academic years who received a Federal Pell Grant for the academic year and the 2 preceding academic years is at or above the trigger mark described in paragraph (2)(B)(ii) for the academic year, shall be automatically removed from such bottom 5 percent ranking. (B) Plan An institution of higher education that is in the bottom 5 percent of those institutions ranked under paragraph (2)(B) for an academic year and not removed under subparagraph (A) shall develop a plan, not later than 1 year after the date of the notification under subparagraph (A)(i) and in consultation with the Secretary, to meet or rise above the trigger mark described in paragraph (2)(B)(ii) applicable for the academic year for which the institution is in the bottom 5 percent of those institutions ranked and not removed. (C) Calculation of average For each institution of higher education that is in the bottom 5 percent of those institutions ranked under paragraph (2)(B) for an academic year and not removed under subparagraph (A), the Secretary shall— (i) grant the institution a hold harmless year for the academic year succeeding the academic year for which the institution receives notification under subparagraph (A)(i)