; and (2) by inserting after subpart 4 the following: 5 Accelerating time to degree 416A. Purpose The purpose of this subpart is to increase rates of college completion and reduce college costs by accelerating time to degree, aligning secondary and postsecondary education, and improving postsecondary credit transfer. 416B. 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 coursework associated with Advanced Placement, International Baccalaureate, a dual or concurrent enrollment program, and early college high school programs. (2) Career and technical education The term career and technical education has the meaning given the term in section 3 of the Carl D. Perkins Career and Technical Education Act of 2006. (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 fast track pathway The term early college fast track pathway means a sequence of dual or concurrent enrollment program courses, Advanced Placement courses, International Baccalaureate courses, or other advanced coursework or assessments approved by the eligible entity taken at any point during high school that— (A) when taken together, constitute a typical first year of study toward an associate degree or baccalaureate degree, or, in the case of postsecondary credit in career and technical education earned through dual or concurrent enrollment program course sequences, the first year of study toward a recognized postsecondary credential for a high-skill, high-wage, or in-demand industry sector or occupation; and (B) if completed successfully, results in credit that— (i) is equivalent to the academic workload of not less than 2 semesters of full-time postsecondary enrollment