; (3) supporting the completion of activities described in section 414C(d)(2)(E); and (4) supporting eligible entities in providing programs and activities that reduce rates of postsecondary remediation and increase rates of first-year postsecondary credit accumulation, which may include developing a State strategy to pay for advanced coursework opportunities for students attending a high-need high school. 414E. Competitive subgrants to eligible entities (a) Subgrants (1) In general From the funds reserved by a State under section 414D(a)(1), the State shall award subgrants, on a competitive basis, to eligible entities to reduce rates of postsecondary remediation. (2) Administrative costs An eligible entity that receives a subgrant under this section may reserve not more than 2 percent of the subgrant funds for the direct administrative costs of carrying out the eligible entity’s responsibilities under this section. (3) Duration of awards; renewability A subgrant awarded under this section shall be awarded for a period of not less than 3 years and not more than 5 years. A State may renew a subgrant provided under this section to an eligible entity, based on the eligible entity’s performance during the preceding subgrant period. (4) Matching requirement Each eligible entity awarded a subgrant under this section shall provide, from non-Federal sources, an amount (which may be provided in cash or in-kind) to carry out the activities supported by the subgrant— (A) in year 1 of the subgrant, equal to 10 percent of the amount of the subgrant; (B) in year 2 of the subgrant, equal to 20 percent of the amount of the subgrant; (C) in year 3 of the subgrant, equal to 30 percent of the amount of the subgrant; (D) in year 4 of the subgrant, equal to 40 percent of the amount of the subgrant