Common use of Cohort Default Rate Clause in Contracts

Cohort Default Rate. Permit the Cohort Default Rate for any School to exceed: (i) the maximum percentage permitted by the DOE for the applicable three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum percentage permitted by the DOE for the applicable cohort fiscal year in order for such school to participate in Title IV Programs. For purposes of this Section 7.11(d), a “cohort fiscal year” is a twelve month period commencing on October 1 of a year and ending on September 30 of the following year.

Cohort Default Rate. Permit the Cohort Default Rate for any School to exceed: (i) the maximum percentage permitted by the DOE for the applicable three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum percentage permitted by the DOE for the applicable cohort fiscal year in order for such school to participate in Title IV Programs. For purposes of this Section 7.11(d7.15(d), a “cohort fiscal year” is a twelve month period commencing on October 1 of a year and ending on September 30 of the following year.

Cohort Default Rate. Permit the Cohort Default Rate for any School to exceed: (i) the maximum percentage permitted by the DOE for the applicable three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum percentage permitted by the DOE for the applicable cohort fiscal year in order for such school to participate in Title IV Programs. For purposes of this Section 7.11(d7.15(d), a “"cohort fiscal year” " is a twelve month period commencing on October 1 of a year and ending on September 30 of the following year.

Cohort Default Rate. Permit the Cohort Default Rate for any School to exceed: (i) the maximum 25% (or such other percentage permitted as established by the DOE and in effect from time to time) for the applicable any three consecutive cohort fiscal years in order for such school to participate in Title IV Programs or (ii) the maximum 40% (or such other percentage permitted as established by the DOE and in effect from time to time) for the applicable any cohort fiscal year in order for such school to participate in Title IV Programsyear. For purposes of this Section 7.11(d8.11(e), a “"cohort fiscal year” " is a twelve month period commencing on October 1 of a year and ending on September 30 of the following year.