In the reporting year immediately following the determination of a cohort's five (5) year graduation rate under section 10.2 of this chapter and each subsequent reporting year, the department shall calculate a six (6) or subsequent year graduation rate for the cohort using the following formula:

1. (A) the number determined under STEP ONE; and

2. (B) the number of students in the cohort who have graduated during the current reporting year.

   STEP THREE: Divide:

3. (A) the sum determined under STEP TWO; by
4. (B) the remainder determined under STEP THREE of the formula established in section 10(a) of this chapter.

STEP ONE: Determine the number determined under STEP TWO of the formula established in section 10.2 of this chapter.

STEP TWO: Add:

As added by P.L.229-2007, SEC.6. Amended by P.L.159-2019, SEC.15.