PARCC's policy will be that students earn the "college readiness" determination by performing at level 4 on a 5-level test.
Reaching that level on the language arts part of the exam will mean that students have "demonstrated the academic knowledge, skills, and practices necessary" to skip remedial classes and go directly into entry-level, credit-bearing courses in "college English composition, literature, and technical courses requiring college-level reading and writing."
Scoring at level 4 in math allows students to enroll directly in entry-level, credit-bearing courses in algebra, introductory statistics, and "technical courses requiring an equivalent level" of math.
5 = "distinguished" command
4 = "strong"
3 = "moderate"
2 = "partial"
1 = "minimal"
Via Mel Riddile