CFR /  Title 34  /  Part 608  /  Sec. 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. (Authority: 20 U.S.C. 1063a)