Student Loan Law: 34 C.F.R. § 600.7 Conditions of institutional ineligibility.
(a) General rule. For purposes of title IV of the HEA, an educational institution that otherwise satisfies the requirements contained in Secs. 600.4, 600.5, or 600.6 nevertheless does not qualify as an eligible institution under this part if—
(1) For its latest complete award year—
(i) More than 50 percent of the institution’s courses were correspondence courses as calculated under paragraph (b) of this section;