Common use of Cohort Default Rate Clause in Contracts

Cohort Default Rate. Schedule 5.07 attached hereto sets forth the cohort default rate for the School, calculated in the manner prescribed by the DOE, of all students attending the School receiving assistance pursuant to Title IV programs for the fiscal years 1997 through 2002. Such schedule is correct and accurate in all respects.

Cohort Default Rate. Schedule 5.07 4.9 attached hereto sets forth the published cohort default rate for the School, calculated in the manner prescribed by the DOEDOE and issued to the School, of all students attending the School receiving assistance pursuant to Title IV programs for the federal fiscal years 1997 ending September 30, 1994 through 2002September 30, 1996. Such To the Best of Seller's Knowledge, such schedule is correct and materially accurate in all respects. Neither the School or Seller has received any notice as to the calculation or issuance of the cohort default rates for the School for the year ended September 30, 1997.