; (ii) the on-time repayment rate for each category of educational programs; and (iii) the number of students on which the rates described in clauses (i) and (ii) are based; and (B) for each of the 3 most recent fiscal years for which the institution submits to the Secretary disclosures on expenditures for purposes of section 132(i)(1)(AA)— (i) the amount of the institution’s expenditures on instruction; (ii) the amount of revenue derived from tuition and fees by the institution; and (iii) the quotient of the amount described in clause (i) divided by the amount described in clause (ii), expressed as a percentage; and (2) each on-time repayment rate used for calculating each of the threshold rates under subsection (b)(1)(B) for the period determined appropriate by the Secretary for such threshold rate under such subsection. (f) Definitions In this section: (1) Category of educational programs The term category of educational programs has the meaning given the term in section 435(a)(9)(E). (2) Category of institution The term category of institution includes— (A) four-year public institutions; (B) four-year private nonprofit institutions; (C) four-year proprietary institutions; (D) two-year public institutions; (E) two-year private nonprofit institutions; (F) two-year proprietary institutions; (G) less-than-two year public institutions; (H) less-than-two year private nonprofit institutions; and (I) less-than-two year proprietary institutions. (3) Covered loan (A) In general The term covered loan means a loan made, insured, or guaranteed under part B or D (other than an excepted PLUS Loan or an excepted consolidation Loan). (B) Excepted PLUS Loan