1. Short title This Act may be cited as the Promoting Readiness in Education to Prevent Additional Remediation and Expense Act . 2. Reducing rates of postsecondary remediation (a) In general Part A of title IV of the Higher Education Act of 1965 ( 20 U.S.C. 1070 et seq.) is amended— (1) by redesignating subparts 4, 5, 6, and 7, as subparts 5, 6, 7, and 8, respectively; (2) by inserting after subpart 3 the following: 4 Reducing rates of postsecondary remediation 414A. Purpose The purpose of this subpart is to strengthen the future workforce and reduce the cost of postsecondary education by reducing rates of postsecondary remediation and increasing postsecondary completion rates. 414B. Definitions In this subpart: (1) Advanced coursework The term advanced coursework means coursework designed for students to earn postsecondary credit upon its successful completion while still in high school, such as Advanced Placement, International Baccalaureate, dual or concurrent enrollment programs, and early college high school programs. (2) Co-requisite courses The term co-requisite courses means courses designed for college students in need of remediation that combines credit-bearing college-level coursework with supplemental instruction. (3) 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. (4) Early college high school The term early college high school has the meaning given the term in section 8101 of the Elementary and Secondary Education Act of 1965. (5) Eligible entity The term eligible entity means a partnership that— (A) shall include— (i) 1 local educational agency; and (ii) an institution of higher education or higher education system, operating in the same State as the local educational agency; and (B) may include— (i) a consortium of entities described in clauses (i) and (ii) of subparagraph (A); (ii) a State educational agency; (iii) a State higher education agency