(d)
The Secretary may waive, in whole or in part, the requirements of subsection (c)(13) of this section in the case of an educational institution which—
(1)
is a college, university, or similar institution offering postsecondary level academic instruction that leads to an associate or higher degree,
(2)
is operated by an agency of a State or of a unit of local government,
(3)
is located within such State or, in the case of an institution operated by an agency of a unit of local government, within the boundaries of the area over which such unit has taxing jurisdiction, and
(4)
is a candidate for accreditation by a regional accrediting association,
if the Secretary determines, pursuant to regulations which the Secretary shall prescribe, that such requirements would work an undue administrative hardship because the total amount of tuition, fees, and other charges at such institution is nominal.