; and (4) provides— (A) an educational program for which the institution awards a bachelor’s degree, graduate degree, or professional degree; (B) not less than a 2-year educational program which is acceptable for full credit towards a bachelor’s degree; or (C) a non-degree program leading to a recognized educational credential that meets the definition of an eligible program under section 481(b). (b) Additional limitations (1) Proprietary institutions of higher education (A) Length of existence A proprietary institution shall not be considered an institution of higher education unless such institution has been in existence for at least 2 years. (B) Institutional ineligibility for minority serving institution programs A proprietary institution shall not be considered an institution of higher education for the purposes of any program under title III or V. (2) Postsecondary vocational institutions A nonprofit or public institution that offers only non-degree programs described in subsection (a)(4)(C) shall not be considered an institution of higher education unless such institution has been in existence for at least 2 years. (3) Limitations based on management An institution shall not be considered an institution of higher education if— (A) the institution, or an affiliate of the institution that has the power, by contract or ownership interest, to direct or cause the direction of the management or policies of the institution, has filed for bankruptcy