The most common and most likely answer to this crossword clue is the 13 letter word UNDERACHIEVER
I've seen this crossword clue in The Times
U
N
D
E
R
A
C
H
I
E
V
E
R
Buddy explains!
The straight part
We know that "being below expected grade" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case being below expected grade = underachiever.The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.