Eligible Institution Law and Legal Definition

According to 20 USCS § 1101a (Title 20, Education; Chapter 28, Higher Education Resources and Student Assistance; Developing Institutions; Hispanic-Serving Institutions), “the term "eligible institution" means--

(A) an institution of higher education--

(i) that has an enrollment of needy students as required by subsection (b);

(ii) except as provided in section 522(b) [20 USCS § 1103a(b)], the average educational and general expenditures of which are low, per full-time equivalent undergraduate student, in comparison with the average educational and general expenditures per full-time equivalent undergraduate student of institutions that offer similar instruction;

(iii) that is--

(I) legally authorized to provide, and provides within the State, an educational program for which the institution awards a bachelor's degree; or

(II) a junior or community college;

(iv) that is accredited by a nationally recognized accrediting agency or association determined by the Secretary to be reliable authority as to the quality of training offered or that is, according to such an agency or association, making reasonable progress toward accreditation;

(v) that meets such other requirements as the Secretary may prescribe; and

(vi) that is located in a State; and

(B) any branch of any institution of higher education described under subparagraph (A) that by itself satisfies the requirements contained in clauses (i) and (ii) of such subparagraph.

For purposes of the determination of whether an institution is an eligible institution under this paragraph, the factor described under subparagraph (A)(i) shall be given twice the weight of the factor described under subparagraph (A)(ii) .”