(c)
If the Secretary, in accordance with such regulations as the Secretary shall prescribe, determines that any school established with assistance under this chapter—
(1)
is not accredited and fails to gain appropriate accreditation within a reasonable period of time;
(2)
is accredited but fails substantially to carry out the terms of the agreement entered into under this chapter; or
(3)
is no longer operated for the purpose for which such assistance was granted,
the Secretary shall be entitled to recover from the recipient of assistance under this chapter the facilities of such school which were established with assistance under this chapter. In order to recover such facilities the Secretary may bring an action in the district court of the United States for the district in which such facilities are situated.