As used in this part:

1. (1)

   1. (A) “Academic year” means a measure of the academic work to be accomplished by the recipient.
   2. (B) The academic year is defined as fall, spring, and summer semesters, in that order;

2. (2) "Approved institution of higher education" means an institution of higher education approved by the Division of Higher Education to participate in the Arkansas Workforce Challenge Scholarship Program and that is a:

   1. (A) State-supported two-year or four-year college or university; or
   2. (B) Private, nonprofit two-year or four-year college or university with its primary headquarters located in Arkansas that is eligible to receive Title IV federal student aid funds; and

3. (3)

   1. (A) “Certificate program” means a program that is offered or made available to a student by an approved institution of higher education that leads to the obtainment of a certification or license, including without limitation a program operated or sponsored by a third party.
   2. (B) The credit hours or contact hours awarded for a certificate program may include credit hours or contact hours that are not creditable toward an associate or a baccalaureate degree.