; and (II) the timing for recalculation of the ISA recipient’s payments under the schedule of percentages. (iii) In the case of an ISA payment calculation method that is based on a schedule of fixed amounts that an ISA recipient is required to pay based on the ISA recipient's income for a payment period— (I) an explanation of how the schedule of fixed amounts is calculated using fixed amounts based on the ISA recipient’s income; and (II) the timing for recalculation of the ISA recipient’s payments under the schedule of fixed amounts. (B) Fees and default or late payment costs (i) An itemization of the fees or range of fees required to obtain the educational ISA. (ii) Any fees or other penalties based on the ISA recipient’s defaults or late payments. (C) Payment terms (i) The ISA duration or range of ISA durations offered by the ISA provider. (ii) A description of any payment deferral options. (D) Cost estimates The following disclosure shall be made using the ISA payment calculation method, ISA duration, and ISA maximum number of payments for which the ISA recipient has been approved: (i) The loan comparison based on these assumptions. (ii) A description of the payment deferral option chosen by the ISA recipient, if applicable, and any other payment deferral options that the ISA recipient may elect at a later time. (iii) Any payments required while the ISA recipient is enrolled at a covered educational institution, based on the deferral option chosen by the ISA recipient. (E) Cancellation rights (i) A statement that— (I) the ISA recipient has the right to cancel the income share agreement, without penalty, at any time before the cancellation period under subsection (e) expires; and (II) the income share agreement proceeds will not be disbursed until after such cancellation period expires. (ii) The specific date on which the cancellation period expires and a statement that the ISA recipient may cancel by that date. (iii) A statement specifying— (I) all methods by which the ISA recipient may cancel