112 STAT. 1706 PUBLIC LAW 105-244—OCT. 7, 1998 "(III) at the end of the 12-month period, remained enrolled and making satisfactory progress toward completion of the student's educational programs; or "(IV) entered active duty in the Armed Forces of the United States. "(iii)(I) In the case of an institution of higher education that does not award a degree described in clause (ii), had a placement rate of 44 percent or more with respect to the institution's former regular students who— "(aa) remained in the program beyond the point the students would have received a 100 percent tuition refund from the institution; "(bb) were initially enrolled on at least a half- time basis; and "(cc) were originally scheduled, at the time of enrollment, to complete their educational programs during the same 12-month period described in clause (i). "(II) The placement rate shall not include students who are still enrolled and making satisfactory progress in the educational programs in which the students were originally enrolled on the date following 12 months after the date of the student's last date of attendance at the institution. "(Ill) The placement rate is calculated by determining the percentage of all those former regulgir students who— "(aa) are employed, in an occupation for which the institution provided training, on the date following 12 months after the date of their last day of attendance at the institution; "(bb) were employed, in an occupation for which the institution provided training, for at least 13 weeks before the date following 12 months after the date of their last day of attendance at the institution; or "(cc) entered active duty in the Armed Forces of the United States. "(IV) The placement rate shall not include as placements a student or former student for whom the institution is the employer. "(B) For purposes of determining a rate of completion and a placement rate under this paragraph, a student is originally scheduled, at the time of enrollment, to complete the educational program on the date when the student will have been enrolled in the program for the amount of time normally required to complete the program. The amount of time normally required to complete the program for a student who is initially enrolled full-time is the period of time specified in the institution's enrollment contract, catalog, or other materials, for completion of the program by a full-time student. For a student who is initially enrolled less than full-time, the period is the amount of time it would take the student to complete the program if the student remained enrolled at that level of enrollment throughout the program. "(5) REDUCTION OF DEFAULT RATES AT CERTAIN MINORITY INSTITUTIONS.—
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