; and (II) the quotient that results by dividing— (aa) the program’s loan repayment rate for a fiscal year, or the weighted average loan repayment rate for a fiscal year, by (bb) 100; and (ii) the quotient that results by dividing— (I) the percentage of the program’s regular students, enrolled on at least a half-time basis, who received a covered loan for a 12-month period ending during the 6 months immediately preceding the fiscal year for which the program’s loan repayment rate or the weighted average loan repayment rate is determined, by (II) 100. (C) Data An institution shall provide the Secretary with sufficient data to determine the program’s participation rate index not later than 30 days after receiving an initial notification of the program’s draft loan repayment rate under subsection (d)(4)(C). (D) Notification Prior to publication of a final loan repayment rate under subsection (d)(4)(A) for a program at an institution that provides the data described in subparagraph (C), the Secretary shall notify the institution of the institution’s compliance or noncompliance with subparagraph (A). (b) Repayment improvement and assessment of eligibility based on low loan repayment rates (1) First year (A) In general An institution with a program whose loan repayment rate is less than 45 percent for any fiscal year shall establish a repayment improvement task force to prepare a plan to— (i) identify the factors causing such program’s loan repayment rate to fall below such percent; (ii) establish measurable objectives and the steps to be taken to improve the program’s loan repayment rate