An institution of higher education enrolling students in a self-supporting course or program shall:(1) Comply with the standards and criteria of one of the THECB-recognized regional accrediting organizations as defined in §4.192 of this chapter (relating to Recognized Accrediting Organizations);(2) Ensure each instructional site for a self-supporting program be of sufficient quality for the programs and courses offered;(3) Provide each student with equivalent academic support services as a student enrolled in a formula-funded course or program;(4) Select and evaluate faculty by equivalent standards, review, and approval procedures used by the institution to select and evaluate faculty responsible for formula funded courses and programs; and(5) Charge tuition and fees for self-supporting courses, degree programs, and program tracks not less than required by Texas Education Code, chapter 54, Tuition and Fees.