Revise Private Need-Based Scholarship.

SB 601 revises eligibility rules for North Carolina's need-based scholarships at private colleges. It requires qualifying institutions to hold specific regional accreditation (like SACSCOC) and meet campus standards, directly affecting private colleges seeking state scholarship funding and their students. The bill updates definitions in law to clarify which schools qualify, adding new accreditation criteria and distinguishing between "main permanent" and "permanent" campuses. These changes apply to scholarships awarded starting in the 2025-2026 academic year. The bill does not alter scholarship amounts or create new programs, only refining which institutions can participate.