; or (bb) if such student is enrolled in such a program that is less than one academic year, the maximum annual loan amount that such student may receive may not exceed the amount that bears the same ratio to the amount specified in item (aa) as the length of such program measured in semester, trimester, quarter, or clock hours bears to one academic year. (ii) Aggregate limits The maximum aggregate amount of Federal Direct Unsubsidized Stafford Loans an eligible student who is an independent student may borrow shall be $107,500. (C) Data collection on, and calculation of, completion rates (i) In general The Secretary shall annually calculate the completion rate of each undergraduate flight education and training program at each eligible institution based on the information collected under clause (ii). (ii) Collection of information The Secretary shall annually collect information, for each academic year, on— (I) the total number of students enrolled in an undergraduate flight education and training program at an eligible institution; and (II) those students who complete such program— (aa) who earn a private pilot’s certificate for an airplane category rating with a single-engine class rating while enrolled in such program; or (bb) who at the time of enrollment, possess such a certificate. (iii) Calculation of completion rate To calculate the completion rate described in clause (i), the Secretary shall— (I) consider as having completed, those students who earn a private pilot’s certificate for an airplane category rating with a single-engine class rating, or who at the time of enrollment possess such a certificate, and complete the undergraduate flight education and training program at an eligible institution— (aa) that predominantly awards associate degrees, within 200 percent of the normal time for completion; (bb) that predominantly awards bachelor degrees, within 150 percent of the normal time for completion