Note: This version of section effective until 7-1-2027. See also following version of this section, effective 7-1-2027.

1. (1) Be an approved postsecondary educational institution.
2. (2) Be accredited by an agency that is recognized by the Secretary of the United States Department of Education.
3. (3) Operate an organized program of postsecondary education leading to an associate or a baccalaureate degree on a campus located in Indiana.

4. (4) Be approved by the commission:

   1. (A) under rules adopted under IC 4-22-2 ; and

   2. (B) in consultation with the board for proprietary education established by IC 21-18.5-5-1 , if appropriate.

      [Pre-2007 Higher Education Recodification Citation: 20-12-70-10(c).]

Sec. 4. A scholarship recipient may apply a scholarship under this chapter to the educational costs of a postsecondary educational institution only if the postsecondary educational institution qualifies under this section. For a postsecondary educational institution to qualify under this section, the postsecondary educational institution must satisfy the following requirements:

As added by P.L.2-2007, SEC.253. Amended by P.L.107-2012, SEC.21.