; and (ii) for each of the 3 most recent institutional fiscal years for which the institution submits to the Secretary disclosures on the expenditures of the institution on instruction for purposes of section 132(i)(1)(AA), the amount expended by the institution for instructional spending is greater than or equal to an amount equal to 1/3 of the amount of revenue derived from tuition and fees. (B) Repayment management plan An institution subject to the requirements of this subparagraph, shall— (i) not later than 6 months after the determination under subparagraph (A), submit to the Secretary a repayment management plan which the Secretary, in the Secretary’s discretion, after consideration of the institution’s history, resources, expenditures, and targets for improving on-time repayment, determines— (I) is acceptable and is in the best interests of students; and (II) provides reasonable assurance that the institution will have an on-time repayment rate that exceeds the on-time threshold referred to in subparagraph (A)(i) after a reasonable period; (ii) engage an independent third-party to provide technical assistance in implementing such repayment management plan