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State board to prescribe standards - 24 Pa. Cons. Stat. § 6502

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     § 6502.  State board to prescribe standards.
        (a)  General rule.--The State board shall prescribe standards
     and qualifications for all institutions entitled to apply to
     themselves the designation of "college," "university" or
     "seminary."
        (b)  Minimum standards.--No institution shall be authorized
     to confer degrees in the arts, pure and applied science,
     philosophy, literature, law, medicine and theology, or any of
     them, unless it has:
            (1)  A minimum protective endowment of at least $500,000,
        beyond all indebtedness and assets invested in buildings and
        apparatus for the exclusive purpose of promoting instruction,
        except that, in the case of tax-supported institutions or
        those maintained by religious or other eleemosynary
        organizations, financial support or contributed services
        equivalent in value to the endowment herein specified may be
        substituted for such endowment.
            (2)  A faculty consisting of at least eight regular
        professors who devote all their time to the instruction of
        its higher education classes, unless the institution is
        devoted to a specific subject in the arts, archaeology,
        literature or science (medical and law schools excepted), in
        which case the faculty shall consist of at least three
        regular professors who devote all their time to the
        instruction in the special branch for which the institution
        is established, and two or more instructors or fellows in the
        particular branch, who shall be provided to assist in the
        instruction to be given the students for the promotion of
        original investigation and in the development and growth of
        the special branch of science to which such institution may
        be devoted.

Last modified: November 27, 2007