; (B) in paragraph (1), by inserting until fiscal year 2022 after succeeding fiscal year ; (C) in paragraph (2), by inserting or cohort repayment rate determination after default rate determination ; and (D) by adding at the end the following: (3) Ineligibility based on low cohort repayment rates No institution of higher education shall be an eligible institution for purposes of this subpart if such institution of higher education is ineligible to participate in a program under part D due to a low cohort repayment rate, as determined under section 455(r). . (2) Student loan insurance program Section 435(a) of the Higher Education Act of 1965 ( 20 U.S.C. 1085(a) ) is amended— (A) in paragraph (2)— (i) in the heading, by striking based on high default rates ; (ii) in subparagraph (A), by striking An institution and inserting Until fiscal year 2022, an institution ; and (iii) by adding at the end the following: (E) No institution of higher education shall be an eligible institution for purposes of this part if such institution of higher education is ineligible to participate in a program under part D due to a low cohort repayment rate, as determined under section 455(r). ; and (B) in paragraph (6)(A), by inserting and until fiscal year 2022, after July 1, 1999, . (3) Federal Perkins Loans Section 462 of the Higher Education Act of 1965 ( 20 U.S.C. 1087bb ) is amended— (A) in subsection (a)— (i) in paragraph (1), by inserting or the institution is ineligible to participate in a program under part D due to a low cohort repayment rate, as determined under section 455(r) after subsection (f) ; and (ii) in paragraph (2)(D), by inserting or the institution is ineligible to participate in a program under part D due to a low cohort repayment rate, as determined under section 455(r) after subsection (f)