; and (ii) who are in a positive repayment status on each such covered loan at the end of the second fiscal year following the fiscal year in which such students entered repayment on such loan; and (B) with respect to any fiscal year in which fewer than 30 of the current and former students in such program enter repayment on a covered loan received for attendance in such program, the percentage of such current and former students— (i) who, in any of the three most recent fiscal years, entered repayment on a covered loan received for attendance in such program; and (ii) who are in a positive repayment status on each such covered loan at the end of the second fiscal year following the fiscal year in which such students entered repayment on such loan. (2) Guaranty agency requirements The Secretary shall require that each guaranty agency that has insured loans for current or former students of the institution afford such institution a reasonable opportunity (as specified by the Secretary) to review and correct errors in the information required to be provided to the Secretary by the guaranty agency for the purposes of calculating a loan repayment rate for programs at such institution, prior to the calculation of such rate. (3) Positive repayment status For purposes of this section, the term positive repayment status , when used with respect to a borrower of a covered loan, means— (A) the borrower has entered repayment on such loan, and such loan is less than 90 days delinquent; (B) the loan is paid in full (but not through consolidation); or (C) with respect to a covered loan that is a Federal ONE Loan, the loan is in a deferment described in 469A(b)(1), and with respect to a covered loan made, insured, or guaranteed under part B or made under part D, the loan is in a deferment or forbearance that is comparable to a deferment described in 469A(b)(1). (4) Covered loan For purposes of this section— (A) the term covered loan means— (i) a loan made, insured, or guaranteed under section 428 or 428H