CFR › Title 34 › Part 608 › §608.4234 CFR §608.42Verified against eCFR.gov as of June 20, 2026View official text on eCFR.gov ↗Copy linkThe 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.