606.2—What institutions are eligible to receive a grant under the Developing Hispanic-Serving Institutions Program?
(1)
At the time of application, it has an enrollment of undergraduate full-time equivalent students that is at least 25 percent Hispanic students;
(2)
It provides assurances that not less than 50 percent of its Hispanic students are low-income individuals;
(3)
It has an enrollment of needy students as described in § 606.3(a), unless the Secretary waives this requirement under § 606.3(b) ;
(4)
It has low average educational and general expenditures per full-time equivalent undergraduate student as described in § 606.4(a), unless the Secretary waives this requirement under § 606.4(c) ;
(5)
It is legally authorized by the State in which it is located to be a junior college or to provide an educational program for which it awards a bachelor's degree; and
(6)
It is accredited or preaccredited by a nationally recognized accrediting agency or association that the Secretary has determined to be a reliable authority as to the quality of education or training offered.
(b)
A branch campus of a Hispanic-Serving institution is eligible to receive a grant under this part if—
(1)
The institution as a whole meets the requirements of paragraphs (a)(3) through (a)(6) of this section; and
(2)
The branch campus satisfies the requirements of paragraphs (a)(1) through (a)(4) of this section.
(c)
(1)
An institution that receives a grant under the Strengthening Institutions Program ( 34 CFR part 607) or the Strengthening Historically Black Colleges and Universities Program ( 34 CFR part 608) for a particular fiscal year is not eligible to receive a grant under this part for that same fiscal year, and may not relinquish its grant under those programs to secure a grant under this part.
(2)
A Hispanic-Serving institution under this part may not concurrently receive grant funds under the Strengthening Institutions Program, Strengthening Historically Black Colleges and Universities Program, or Strengthening Historically Black Graduate Institutions Program.