[Code of Federal Regulations]
[Title 34, Volume 3]
[Revised as of July 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 34CFR600.54]

[Page 195]
 
                           TITLE 34--EDUCATION
 
                         DEPARTMENT OF EDUCATION
 
PART 600--INSTITUTIONAL ELIGIBILITY UNDER THE HIGHER EDUCATION ACT OF 1965, 
AS AMENDED--Table of Contents
 
 Subpart E--Eligibility of Foreign Institutions To Apply To Participate 
          in the Federal Family Education Loan (FFEL) Programs
 
Sec. 600.54  Criteria for determining whether a foreign institution is 
eligible to apply to participate in the FFEL programs.

    The Secretary considers a foreign institution to be comparable to an 
eligible institution of higher education in the United States and 
eligible to apply to participate in the FFEL programs if the foreign 
institution is a public or private nonprofit educational institution 
that--
    (a) Admits as regular students only persons who--
    (1) Have a secondary school completion credential; or
    (2) Have the recognized equivalent of a secondary school completion 
credential;
    (b) Is legally authorized by an appropriate authority to provide an 
eligible educational program beyond the secondary school level in the 
country in which the institution is located; and
    (c) Provides an eligible education program--
    (1) For which the institution is legally authorized to award a 
degree that is equivalent to an associate, baccalaureate, graduate, or 
professional degree awarded in the United States;
    (2) That is at least a two-academic-year program acceptable for full 
credit toward the equivalent of a baccalaureate degree awarded in the 
United States; or
    (3) That is equivalent to at least a one-academic-year training 
program in the United States that leads to a certificate, degree, or 
other recognized educational credential and prepares students for 
gainful employment in a recognized occupation.

(Authority: 20 U.S.C. 1082, 1088)