View all text of Subpart E [§ 608.40 - § 608.42]
§ 608.42 - Under what conditions does the Secretary terminate a grant?
The Secretary terminates any grant under which funds were not expended if an institution loses—
(a) Its accredited status; or
(b) Its legal authority in the State in which it is located—
(1) To be a junior or community college; or
(2) To provide an educational program for which it awards a bachelor's degree.