Brief, standardized, formative assessments have become a widely used progress-monitoring tool embedded within tiered frameworks such as multi-tiered systems of support (MTSS; Baker, Fien, & Baker, 2010; National Association of State Directors of Special Education, 2006). Student data generated from formative assessment tools are used for both relatively low-stakes decisions (e.g., determining the effectiveness of an intervention; Fuchs, Fuchs, Hamlett, & Ferguson, 1992) and high-stakes decisions (e.g., part of a comprehensive evaluation for learning disability eligibility determination; Lembke, McMaster, & Stecker, 2010). The validity of using data for these purposes has recently been subject to debate, as questions about passage equivalency have been investigated (