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It must be classified as an elementary, middle, secondary or postsecondary independent or public institution. Post-Secondary candidates shall primarily offer diplomas, bachelor's, post-grad certificates, and master's or Ph.D. degrees in programs designed to educate students for academic, professional, technical, or occupational careers. Other types of educational activity may be considered if it leads to professional enhancement at the postsecondary level.
An institution is presumed to be an institution of postsecondary education if it:
The applicant must provide evidence of its legal status in the province, state or country of origin. It must be legally organized; be licensed by the appropriate state, province or country ministry of education or agency for postsecondary institutions; or the appropriate provincial or state agency for authorizing business conduct in that state or province for non-institutional entities. For non-Canadian Institutions in countries where legal authority to award degrees is not available or required, strong evidence of acceptance as a reputable private institution with significant support from all key stakeholders must be provided. For all institutions, educational services must have been provided to the general public for at least two years immediately before consideration of the application by CEQAC.
It shall be organized as a corporation, a limited partnership (with a general corporate partner), or a limited liability company. It cannot be a sole proprietorship or a partnership (without a general corporate partner.) The institution must be organized as a full-fledged educational institution, providing a full array of services to students. (A non-institutional entity may be considered under some circumstances, but they do not qualify for federal student aid programs or to award degree programs.) The applicant shall demonstrate solid evidence of financial sustainability.
The institution must show evidence of having offered educational services for a minimum of two years immediately before application. It must also demonstrate financial stability as evidenced in an audited financial statement and analyzed by CEQAC. Positive net assets and a current 1:1 ratio or above of current liabilities to existing assets are considered minimum requirements. Exceptions may be discussed with CEQAC. The Applicant shall also comply with all applicable laws and regulations of the state, province or country of origin.