SECTION 8. DEFINITIONS

For purposes of the standard contained in section 7 of this revenue procedure, the following definitions must be used. For purposes of the following definitions, the term “institution of higher education” means an institution of higher education as defined in section 5 of this revenue procedure.

.01 Undergraduate student. The term “undergraduate student” has the meaning attributed to that term in the Department of Education regulations at 34 C.F.R. § 674.2.

.02 Half-time undergraduate student. The term “half-time undergraduate student” has the meaning attributed to that term in the Department of Education regulations at 34 C.F.R. § 674.2.

.03 Graduate or professional student. The term “graduate or professional student” means a student who—

(1) Is enrolled at an institution of higher education for the purpose of obtaining a degree, certificate, or other recognized educational credential above the baccalaureate level or is enrolled in a program leading to a professional degree;

(2) Has completed the equivalent of at least three years of full-time study at an institution of higher education, either prior to entrance into the program or as part of the program itself; and

(3) Is not a postdoctoral student, postdoctoral fellow, medical resident, or medical intern.

2005–2 I.R.B. 310 January 10, 2005

9167, 2005–2 I.R.B. 261 [69 F.R. 76404], amending § 31.3121(b)(10)–2 is applicable).