(a) Graduation rate is defined as and determined by dividing the number of students who received a high school diploma from the qualified provider by the number of students for which the qualified provider sought and received reimbursements.
(b) The Program cost per graduate formula is determined as the product of the number of students who received a high school diploma the previous calendar year multiplied by $7,000; the product may not exceed the total annual cost (reimbursements paid) to the qualified provider for the total number of services provided.

Source Note: The provisions of this §800.504 adopted to be effective January 25, 2021, 46 TexReg 577