Under subparts O and P of this part, the term
institution of higher education means an institutional system, college, university, community college, junior college, and any other educational institution which offers an associate degree, baccalaureate degree or higher degree or which offers a two year program of college level studies without degree. The term
college level studies means a post secondary program which is wholly or principally creditable toward a baccalaureate degree or terminates in an associate degree.