10 Miss. Code. R. 201-4.5 - Financial Resources and Stability

A. The institution or entity must have financial resources and financial stability to provide education of good quality and to be able to fulfill its commitments to students. The institution or entity shall have sufficient reserves or line of credit so that, together with tuition and fees, it would be able to complete its educational obligations for the current term to currently enrolled students if it were unable to admit any new students. The institution or entity must have the administrative capacity to meet the daily needs of the administration, faculty, and students, including facilities, laboratories, equipment, technology, and learning resources that support the institution's or entity's mission and programs.

B. Out-of-State Institutions (located outside the borders of Mississippi) Institutions or other entities that want to offer courses or programs must have a Federal Composite Financial Score of 1.5 or greater as calculated by an independent certified public accountant. Institutions or entities with a score between 1.0-1.49 may be considered for authorization. Institutions or entities with a score below 1.0 will not be considered for state authorization.

Notes

10 Miss. Code. R. 201-4.5

Adopted 6/12/2023 Amended 2/19/2024 Amended 6/6/2025