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107 HOUSE BILL SENATE BILL COMMENTS I rate is exempt from any fees under this paragraph if such I which an institution with a high cohort default rate 2 institution demonstrates to the satisfaction of the State 2 is exempt from any fees under this paragraph if 3 that exceptional mitigating circumstances, as determined 3 such institution demonstrates to the satisfaction of 4 by the State and approved by the Secretary, contributed 4 the State that exceptional mitigating circumstances, 5 to its cohort default rate.". 5 as determined by the State and approved by the Sec- 6 (b) EFFECTIVE DATE.-The amendment made by 6 retary, contributed to its cohort default rate.". 7 this section shall be effective on October 1, 1994. 7 (b) EFFECTIVE DATE-The amendment made by 8 this section shall be effective on October 1, 1994.

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