Institutional Eligibility
The law defines the characteristics and requirements that institutions must meet to be considered Title-IV eligible. The requirements vary somewhat among the three fundamental types of eligible institution, which are: public or private nonprofit institutions of higher education; proprietary (for-profit) institutions of higher education; public or private nonprofit postsecondary vocational institutions. Regulations elaborate on the basic statutory requirements, which address such factors as admissions criteria, type and length of academic program, accreditation, and state authorization to operate.
Related terms: Administrative Capability; Financial Responsibility; Program Eligibility; Program Participation Agreement
See also Subtopics for more specific references.
Source: National Association of Student Financial Aid Administrators
Source: Congressional Research Service
See top list entry for Program Participation Agreement