This document discusses competency-based education and its role in increasing student completion rates. It argues that competency-based models focus on what students learn rather than how long they spend in the classroom. Students can earn credits by demonstrating their mastery of skills. The document outlines how competency-based strategies can help more students complete their education through options like online learning, credit for prior experience, and accelerated learning. It also discusses the process institutions must follow to implement competency-based programs and earn federal financial aid eligibility. Overall, the document promotes competency-based education as an effective way to increase student completion and better serve nontraditional students like adult learners.