(820 ILCS 405/246) (from Ch. 48, par. 371)
    Sec. 246. "Institution of higher education" means an educational institution which
    A. Admits as regular students only individuals having a certificate of graduation from a high school, or the recognized equivalent of such a certificate; and
    B. Is legally authorized in this State to provide a program of education beyond high school; and
    C. Provides an educational program for which it awards a bachelor's or higher degree, or provides a program which is acceptable for full credit toward such a degree, a program of post-graduate or post-doctoral studies, or a program of training to prepare students for gainful employment in a recognized occupation; and
    D. Is a public institution or a nonprofit organization.
(Source: P.A. 77-1443.)