; or (bb) less than 33 percent and such institution has a cohort default rate of less than 15 percent for the most recent fiscal year for which data are available. (6) Applicability The Secretary shall carry out this subsection beginning with the cohort default rate for the 2017 cohort. The 2017 cohort shall include current and former students who enter repayment in fiscal year 2017. (7) Report to congress The Secretary shall report on an annual basis to the Committee on Health, Education, Labor, and Pensions of the Senate and the Committee on Education and the Workforce of the House of Representatives the following information: (A) A list of institutions that have been subject to risk-sharing payments in the previous year. (B) The required risk-sharing payment from such institutions. (C) The amount of risk-sharing payments collected from such institutions. (D) A list of the institutions that have received waivers from the risk-sharing payment and the reason for such waiver. (E) A list of the institutions that have received reductions in the required risk-sharing payment. (F) The use of funds deposited from risk-sharing payments, including— (i) the amount reserved for contracts or cooperative agreements for delinquency and default prevention or rehabilitation; (ii) a list of contracts or cooperative agreements entered into for delinquency and default prevention or rehabilitation; (iii) information on the performance of such contracts or cooperative agreements; (iv) the amount reserved for the Federal Pell Grant program