(110 ILCS 1010/5) (from Ch. 144, par. 235)
    Sec. 5. Degrees by other than residence institutions.) (a) Any educational organization or entity which does not conduct instruction in residence may award degrees and qualify as a degree granting institution upon approval by the Board. Such approval shall be given only if the Board finds that the applicant, organization or entity:
    (1) Maintains physical facilities suitable and sufficient to the giving of a program or programs of instruction of degree caliber in the field or fields wherein it proposes to grant degrees;
    (2) Maintains a suitable and sufficient faculty for instruction in its degree granting program or programs;
    (3) Maintains its student records in a safe and suitable place so that there is reasonable assurance that they are and will remain available for all normal purposes for a reasonable period of time;
    (4) Maintains a stability sufficient to carry out its obligations under the enrollment contracts; and
    (5) Complies with all provisions of this Act other than the requirement for instruction in residence.
(Source: P.A. 80-1309.)